ABB Ltd (OTCMKTS:ABBNY) Receives Consensus Recommendation of “Hold” from Analysts

ABB Ltd (OTCMKTS:ABBNY – Get Free Report) has earned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has assigned a strong 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 $58.00.

ABBNY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded ABB from a “sell” rating to a “hold” rating in a research report on Thursday, April 23rd. Kepler Capital Markets cut shares of ABB from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Citigroup reissued a “neutral” rating on shares of ABB in a report on Thursday, June 18th. TD Cowen restated a “hold” rating on shares of ABB in a research report on Tuesday, June 30th. Finally, Wall Street Zen downgraded shares of ABB from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th.

Get ABB alerts:

View Our Latest Stock Report on ABBNY

ABB Stock Performance

Shares of ABBNY stock opened at $99.01 on Wednesday. The stock has a market cap of $180.51 billion, a PE ratio of 35.74, a price-to-earnings-growth ratio of 1.51 and a beta of 1.36. The business has a 50-day simple moving average of $102.27 and a 200-day simple moving average of $96.42. The company has a quick ratio of 1.08, a current ratio of 1.43 and a debt-to-equity ratio of 0.40. ABB has a 52-week low of $65.42 and a 52-week high of $110.20.

ABB (OTCMKTS:ABBNY – Get Free Report) last posted its earnings results on Thursday, July 16th. The industrial products company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.13). The company had revenue of $9.47 billion for the quarter, compared to analyst estimates of $9.34 billion. ABB had a return on equity of 31.25% and a net margin of 13.86%. On average, equities analysts expect that ABB will post 3.78 EPS for the current year.

Hedge Funds Weigh In On ABB

A hedge fund recently bought a new stake in ABB stock. North Star Asset Management Inc. acquired a new stake in ABB Ltd (OTCMKTS:ABBNY – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 and hedge funds.

ABB Company Profile

(Get Free Report)

ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.

See Also

• Five stocks we like better than ABB
• The AI Boom Is Turning This Cable Maker Into a Stock to Watch
• A Star Investor Just Trimmed Amazon—Here’s What It means
• Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
• Home Depot Analysts See a Path to $375 and Beyond

Receive News & Ratings for ABB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABB and related companies with MarketBeat.com's FREE daily email newsletter.