ABB Ltd (NYSE:ABB)‘s stock had its “buy” rating restated by stock analysts at Goldman Sachs Group, Inc. (The) in a research note issued on Monday, November 6th.
Other equities research analysts also recently issued research reports about the company. Morgan Stanley downgraded ABB from an “overweight” rating to an “equal weight” rating in a report on Friday, July 21st. UBS AG reissued a “sell” rating on shares of ABB in a research report on Monday, July 24th. BidaskClub lowered ABB from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Robert W. Baird set a $28.00 price target on shares of ABB and gave the stock a “buy” rating in a research note on Thursday, August 24th. Finally, Zacks Investment Research lowered shares of ABB from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.50.
ABB (NYSE ABB) traded down $0.17 during trading hours on Monday, reaching $25.31. 1,361,900 shares of the company’s stock were exchanged, compared to its average volume of 1,922,313. The firm has a market capitalization of $55,244.41, a PE ratio of 20.38, a price-to-earnings-growth ratio of 3.35 and a beta of 1.06. ABB has a 1-year low of $20.26 and a 1-year high of $26.48. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.37 and a quick ratio of 1.03.
ABB (NYSE:ABB) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.04. The company had revenue of $8.72 billion during the quarter, compared to analyst estimates of $8.55 billion. ABB had a net margin of 6.79% and a return on equity of 18.65%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 EPS. research analysts forecast that ABB will post 1.23 EPS for the current year.
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Institutional investors and hedge funds have recently made changes to their positions in the business. Financial Architects Inc grew its holdings in ABB by 2,404.2% during the 2nd quarter. Financial Architects Inc now owns 4,182 shares of the industrial products company’s stock valued at $104,000 after buying an additional 4,015 shares in the last quarter. Ledyard National Bank grew its holdings in ABB by 3.6% during the 2nd quarter. Ledyard National Bank now owns 4,350 shares of the industrial products company’s stock valued at $108,000 after buying an additional 150 shares in the last quarter. Bank of Nova Scotia Trust Co. purchased a new position in shares of ABB in the third quarter valued at $113,000. Cubist Systematic Strategies LLC grew its holdings in shares of ABB by 296.7% in the second quarter. Cubist Systematic Strategies LLC now owns 4,800 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 3,590 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc purchased a new position in shares of ABB in the second quarter valued at $120,000. 4.44% of the stock is owned by institutional investors and hedge funds.
ABB Company Profile
ABB Ltd (ABB) is a holding company. The Company’s segments include Electrification Products, Robotics and Motion, Industrial Automation, Power Grids, and Corporate and Other. It operates through four divisions: Electrification Products, Robotics and Motion, Industrial Automation and Power Grids. It is engaged in serving customers in utilities, industry and transport and infrastructure.
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