ABB (NYSE:ABB)’s stock had its “buy” rating reissued by equities researchers at Kepler Capital Markets in a report released on Tuesday, AnalystRatings.com reports.
Other equities research analysts have also issued reports about the stock. Jefferies Financial Group upgraded shares of ABB from an “underperform” rating to a “hold” rating in a research note on Wednesday, November 3rd. Sanford C. Bernstein began coverage on shares of ABB in a research note on Tuesday, December 7th. They issued an “outperform” rating on the stock. UBS Group reiterated a “buy” rating on shares of ABB in a research note on Friday, October 22nd. Barclays reissued an “equal weight” rating on shares of ABB in a research report on Friday, October 15th. Finally, Morgan Stanley reissued an “underweight” rating on shares of ABB in a research report on Friday, October 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, ABB has an average rating of “Hold” and a consensus target price of $35.88.
Shares of NYSE:ABB opened at $36.56 on Tuesday. ABB has a 12 month low of $26.81 and a 12 month high of $38.03. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.30. The company’s fifty day simple moving average is $34.92 and its 200 day simple moving average is $35.39. The firm has a market cap of $75.06 billion, a price-to-earnings ratio of 40.62, a PEG ratio of 3.89 and a beta of 1.01.
ABB (NYSE:ABB) last issued its quarterly earnings data on Wednesday, October 20th. The industrial products company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. ABB had a net margin of 6.43% and a return on equity of 18.18%. The business had revenue of $7.03 billion for the quarter, compared to analyst estimates of $7.38 billion. During the same period last year, the business posted $0.21 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Research analysts expect that ABB will post 1.52 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in ABB. WealthShield Partners LLC boosted its holdings in ABB by 25.0% in the 2nd quarter. WealthShield Partners LLC now owns 1,442 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 288 shares during the period. Atria Investments LLC boosted its holdings in ABB by 0.6% in the 3rd quarter. Atria Investments LLC now owns 53,388 shares of the industrial products company’s stock valued at $1,781,000 after purchasing an additional 300 shares during the period. 180 Wealth Advisors LLC boosted its holdings in ABB by 0.9% in the 3rd quarter. 180 Wealth Advisors LLC now owns 38,147 shares of the industrial products company’s stock valued at $1,316,000 after purchasing an additional 324 shares during the period. Checchi Capital Advisers LLC boosted its holdings in ABB by 1.9% in the 2nd quarter. Checchi Capital Advisers LLC now owns 17,438 shares of the industrial products company’s stock valued at $593,000 after purchasing an additional 325 shares during the period. Finally, Sargent Bickham Lagudis LLC boosted its holdings in ABB by 9.7% in the 3rd quarter. Sargent Bickham Lagudis LLC now owns 3,840 shares of the industrial products company’s stock valued at $128,000 after purchasing an additional 340 shares during the period. 4.93% of the stock is owned by institutional investors and hedge funds.
ABB Company Profile
ABB Ltd. is a technology company, which engages in the development and provision of electrification, motion and automation solutions. It operates through the following business segments: Electrification, Industrial Automation, Motion, Robotics & Discrete Automation and Corporate and Other. The Electrification segment manufactures and sells products and solutions which are designed to provide safer electrical flow from the substation to the socket.