ABB Ltd. (ABB) Receives $24.13 Consensus PT from Analysts
Shares of ABB Ltd. (NYSE:ABB) have been given an average rating of “Hold” by the sixteen analysts that are currently covering the stock. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $24.13.
Several research firms recently commented on ABB. Citigroup Inc. restated a “sell” rating on shares of ABB in a report on Thursday. Zacks Investment Research upgraded shares of ABB from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Deutsche Bank AG upgraded shares of ABB from a “sell” rating to a “hold” rating in a report on Friday, July 22nd. Bank of America Corp. set a $23.00 price target on shares of ABB and gave the stock a “hold” rating in a report on Tuesday, October 4th. Finally, BNP Paribas upgraded shares of ABB from an “underperform” rating to an “outperform” rating in a report on Thursday, September 1st.
A number of institutional investors have recently modified their holdings of the stock. Rehmann Capital Advisory Group raised its position in shares of ABB by 0.8% in the second quarter. Rehmann Capital Advisory Group now owns 10,800 shares of the company’s stock valued at $214,000 after buying an additional 87 shares during the last quarter. Suntrust Banks Inc. raised its position in ABB by 1.5% in the second quarter. Suntrust Banks Inc. now owns 10,342 shares of the company’s stock worth $203,000 after buying an additional 157 shares in the last quarter. FCA Corp TX raised its position in ABB by 0.3% in the second quarter. FCA Corp TX now owns 104,224 shares of the company’s stock worth $2,067,000 after buying an additional 300 shares in the last quarter. Progressive Investment Management Corp raised its position in ABB by 0.5% in the second quarter. Progressive Investment Management Corp now owns 83,377 shares of the company’s stock worth $1,653,000 after buying an additional 433 shares in the last quarter. Finally, Scotia Capital Inc. raised its position in ABB by 4.0% in the second quarter. Scotia Capital Inc. now owns 13,504 shares of the company’s stock worth $269,000 after buying an additional 520 shares in the last quarter. 3.27% of the stock is currently owned by hedge funds and other institutional investors.
ABB (NYSE:ABB) opened at 22.25 on Tuesday. The stock has a 50 day moving average of $22.35 and a 200 day moving average of $20.99. The stock has a market capitalization of $47.33 billion, a P/E ratio of 28.86 and a beta of 1.20. ABB has a 52 week low of $15.74 and a 52 week high of $22.92.
ABB (NYSE:ABB) last announced its earnings results on Thursday, July 21st. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.26 by $0.09. ABB had a net margin of 4.91% and a return on equity of 16.86%. The company earned $8.68 billion during the quarter, compared to analysts’ expectations of $8.83 billion. During the same period last year, the company posted $0.33 earnings per share. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, equities research analysts predict that ABB will post $1.08 earnings per share for the current fiscal year.
ABB Company Profile
ABB Ltd (ABB) is engaged in power and automation technologies. The Company manages its business based on five divisions: Discrete Automation and Motion, Low Voltage Products, Process Automation, Power Products and Power Systems. The Discrete Automation and Motion division provides low-voltage and medium-voltage drive products and systems for industrial, commercial and residential applications.
Receive News & Stock Ratings for ABB Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABB Ltd. and related stocks with our FREE daily email newsletter.