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

Shares of ABB Ltd (OTCMKTS:ABBNY – Get Free Report) have received a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $58.00.

A number of research firms have issued reports on ABBNY. TD Cowen reaffirmed a “hold” rating on shares of ABB in a research note on Tuesday, June 30th. Berenberg Bank upgraded ABB to a “hold” rating in a research report on Monday, June 1st. Pareto Securities raised shares of ABB from a “hold” rating to a “buy” rating in a report on Thursday, July 16th. Zacks Research cut shares of ABB from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Finally, Wall Street Zen downgraded shares of ABB from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th.

Get ABB alerts:

Check Out Our Latest Report on ABBNY

ABB Trading Up 0.3%

Shares of ABB stock opened at $95.96 on Friday. ABB has a twelve month low of $67.24 and a twelve month high of $110.20. The company has a quick ratio of 1.08, a current ratio of 1.43 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $100.33 and a 200-day moving average price of $97.26. The firm has a market cap of $174.95 billion, a price-to-earnings ratio of 34.64, a PEG ratio of 1.42 and a beta of 1.36.

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 analysts’ consensus estimates of $0.79 by ($0.13). ABB had a return on equity of 31.25% and a net margin of 13.86%.The firm had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $9.34 billion. Equities research analysts anticipate that ABB will post 3.78 EPS for the current fiscal year.

Institutional Trading of ABB

A hedge fund recently bought a new stake in ABB stock. North Star Asset Management Inc. purchased a new stake in ABB Ltd (OTCMKTS:ABBNY – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,205 shares of the industrial products company’s stock, valued at approximately $240,000. Hedge funds and other institutional investors own 1.06% of the company’s stock.

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.

Read More

• Five stocks we like better than ABB
• Zscaler’s Strong Quarter Still Left Investors Waiting on 1 Key Signal
• Is Duolingo the Next Netflix-Style Comeback Story?
• GitLab’s AI Tools Are Starting to Turn Developer Demand Into Real Revenue
• GTA VI’s Console Problem Isn’t Take-Two’s Problem

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.