ABB Ltd (NYSE:ABBNY – Free Report) – Stock analysts at Erste Group Bank raised their FY2027 EPS estimates for ABB in a research note issued on Tuesday, May 12th. Erste Group Bank analyst H. Engel now forecasts that the industrial products company will earn $3.42 per share for the year, up from their prior forecast of $3.40. The consensus estimate for ABB’s current full-year earnings is $2.36 per share.
Several other equities research analysts also recently weighed in on ABBNY. Citigroup reaffirmed a “neutral” rating on shares of ABB in a research note on Thursday, April 23rd. Barclays raised shares of ABB from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Kepler Capital Markets lowered ABB from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Zacks Research upgraded ABB from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of ABB in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $58.00.
ABB Stock Down 0.3%
Shares of ABBNY opened at $103.65 on Tuesday. The company’s 50-day simple moving average is $91.52 and its 200-day simple moving average is $82.61. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.37. ABB has a 1 year low of $56.18 and a 1 year high of $107.84. The stock has a market capitalization of $188.97 billion, a PE ratio of 48.89, a P/E/G ratio of 2.48 and a beta of 1.36.
ABB Company Profile
ABB Ltd. is a global engineering and technology company headquartered in Zürich, Switzerland, with roots dating to the 1988 merger of ASEA and Brown, Boveri & Cie. The company develops and supplies technologies that enable electrification, automation and digitalization across utility, industrial, transportation and infrastructure markets. ABB’s offerings span hardware, software and services designed to improve efficiency, reliability and sustainability for its customers.
ABB’s principal activities include electrification products and systems for power distribution and management; industrial and factory automation solutions; robotics and discrete automation for manufacturing; and motion technologies including electric motors and drives.
Recommended Stories
- Five stocks we like better than ABB
- Dillard’s Posted a Huge Earnings Beat—So Why Did the Rally Fade?
- Why Trump’s Amazon Stock Sale May Not Matter at All
- Why Applied Optoelectronics Stock May Be Near a Turning Point
- From High-Yield to High-Growth: 3 Stocks Boosting Dividends
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.
