ABB Ltd (NYSE:ABB) Given Consensus Recommendation of “Hold” by Analysts

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Shares of ABB Ltd (NYSE:ABB) have earned a consensus rating of “Hold” from the eighteen research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $20.52.

ABB has been the topic of a number of recent analyst reports. Vertical Research raised shares of ABB from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. ValuEngine raised shares of ABB from a “sell” rating to a “hold” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. restated a “sell” rating and issued a $18.00 target price on shares of ABB in a report on Monday, July 15th. Royal Bank of Canada restated a “hold” rating and issued a $21.00 target price on shares of ABB in a report on Thursday, July 25th. Finally, UBS Group restated a “hold” rating and issued a $20.50 target price on shares of ABB in a report on Thursday, July 25th.

Shares of NYSE:ABB opened at $18.42 on Friday. ABB has a 52 week low of $17.71 and a 52 week high of $24.45. The company’s 50 day moving average is $18.68 and its two-hundred day moving average is $19.27. The company has a current ratio of 1.32, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. The company has a market cap of $39.86 billion, a PE ratio of 13.85, a P/E/G ratio of 3.16 and a beta of 1.15.

ABB (NYSE:ABB) last announced its quarterly earnings data on Thursday, July 25th. The industrial products company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.08. ABB had a net margin of 4.95% and a return on equity of 18.97%. The company had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $7.21 billion. During the same period in the prior year, the firm posted $0.38 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts expect that ABB will post 0.86 EPS for the current year.

Institutional investors have recently modified their holdings of the company. Fisher Asset Management LLC boosted its stake in ABB by 3.3% during the 2nd quarter. Fisher Asset Management LLC now owns 12,154,247 shares of the industrial products company’s stock worth $243,450,000 after purchasing an additional 393,695 shares during the period. Northern Trust Corp boosted its stake in ABB by 0.5% during the 2nd quarter. Northern Trust Corp now owns 6,076,996 shares of the industrial products company’s stock worth $121,723,000 after purchasing an additional 31,731 shares during the period. Morgan Stanley boosted its stake in ABB by 23.2% during the 2nd quarter. Morgan Stanley now owns 4,332,576 shares of the industrial products company’s stock worth $86,781,000 after purchasing an additional 816,202 shares during the period. Schafer Cullen Capital Management Inc boosted its stake in ABB by 7.1% during the 2nd quarter. Schafer Cullen Capital Management Inc now owns 2,692,911 shares of the industrial products company’s stock worth $50,923,000 after purchasing an additional 177,390 shares during the period. Finally, Miller Howard Investments Inc. NY boosted its stake in ABB by 1,878.9% during the 1st quarter. Miller Howard Investments Inc. NY now owns 2,324,854 shares of the industrial products company’s stock worth $43,870,000 after purchasing an additional 2,207,371 shares during the period. Institutional investors and hedge funds own 4.53% of the company’s stock.

ABB Company Profile

ABB Ltd manufactures and sells electrification, industrial automation, and robotics and motion products for customers in utilities, industry and transport, and infrastructure worldwide. Its Electrification Products segment provides electric vehicle charging infrastructure, solar power solutions, modular substation packages, distribution automation products, switchboard and panel boards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.

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Analyst Recommendations for ABB (NYSE:ABB)

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