ABB Ltd (ABBNY) – What Are Brokerages Saying About This Stock?

Shares of ABB Ltd (OTCMKTS:ABBNY) have earned an average rating of “Hold” from the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have given a strong buy recommendation to the company.

A number of research firms have recently weighed in on ABBNY. Pareto Securities upgraded ABB from a “hold” rating to a “buy” rating in a research report on Thursday, July 16th. Royal Bank Of Canada restated a “sector perform” rating on shares of ABB in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of ABB in a research note on Tuesday, September 22nd. Erste Group Bank cut shares of ABB from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Finally, Zacks Research upgraded shares of ABB from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 18th.

ABB Price Performance

OTCMKTS ABBNY opened at $85.45 on Monday. The company has a current ratio of 1.43, a quick ratio of 1.08 and a debt-to-equity ratio of 0.40. ABB has a 1-year low of $67.24 and a 1-year high of $110.20. The company has a 50 day moving average of $94.58 and a 200-day moving average of $94.86. The company has a market cap of $155.79 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 1.05 and a beta of 1.42.

ABB (OTCMKTS:ABBNY) last issued its quarterly earnings results on Tuesday, October 20th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.42). ABB had a return on equity of 31.11% and a net margin of 13.55%. The company had revenue of $9.70 billion for the quarter. On average, equities research analysts expect that ABB will post 3.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in ABB stock. North Star Asset Management Inc. acquired a new stake in shares of ABB Ltd (OTCMKTS:ABBNY) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,205 shares of the industrial products company’s stock, valued at approximately $240,000. 1.06% of the stock is owned by institutional investors.

About ABB

ABB Ltd. (OTCMKTS:ABBNY) is a Swiss-Swedish technology company that develops products, systems and services for electrification, industrial automation and energy management. Its offerings include electrical distribution equipment, industrial control systems, motors, drives, measurement and analytical instruments, and software designed to improve the efficiency, reliability and sustainability of industrial and commercial operations.

The company also provides robotics and automation solutions for manufacturing, logistics and other industrial applications.