ABB Ltd. (NYSE:ABB) has been given a consensus recommendation of “Hold” by the fifteen analysts that are presently covering the company. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $24.13.

ABB has been the topic of several research analyst reports. Citigroup Inc. restated a “sell” rating on shares of ABB in a research report on Thursday, October 13th. Zacks Investment Research lowered shares of ABB from a “hold” rating to a “sell” rating in a research report on Thursday, October 6th. Bank of America Corp. set a $23.00 target price on shares of ABB and gave the stock a “hold” rating in a research report on Tuesday, October 4th. Robert W. Baird boosted their target price on shares of ABB from $21.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 5th. Finally, Goldman Sachs Group Inc. restated a “sell” rating on shares of ABB in a research report on Thursday, September 22nd.

A number of hedge funds and other institutional investors have recently made changes to their positions in ABB. Schafer Cullen Capital Management Inc. increased its position in shares of ABB by 8.8% in the third quarter. Schafer Cullen Capital Management Inc. now owns 4,021,229 shares of the company’s stock valued at $90,518,000 after buying an additional 323,643 shares during the last quarter. Hamlin Capital Management LLC increased its position in shares of ABB by 1.9% in the third quarter. Hamlin Capital Management LLC now owns 3,082,278 shares of the company’s stock valued at $69,382,000 after buying an additional 56,840 shares during the last quarter. Northern Trust Corp increased its position in shares of ABB by 27.9% in the third quarter. Northern Trust Corp now owns 2,884,725 shares of the company’s stock valued at $64,934,000 after buying an additional 629,186 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of ABB by 9.8% in the second quarter. JPMorgan Chase & Co. now owns 2,513,049 shares of the company’s stock valued at $49,833,000 after buying an additional 224,114 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of ABB by 2.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,423,439 shares of the company’s stock valued at $48,057,000 after buying an additional 55,889 shares during the last quarter. 3.16% of the stock is owned by hedge funds and other institutional investors.

ABB (NYSE:ABB) opened at 20.90 on Tuesday. ABB has a 52-week low of $15.74 and a 52-week high of $22.92. The firm has a market capitalization of $44.64 billion, a PE ratio of 27.00 and a beta of 1.27. The firm’s 50-day moving average is $21.79 and its 200-day moving average is $21.25.

ABB (NYSE:ABB) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. ABB had a net margin of 4.92% and a return on equity of 17.98%. The firm had revenue of $8.26 billion for the quarter, compared to analyst estimates of $8.38 billion. During the same period last year, the firm posted $0.26 EPS. ABB’s quarterly revenue was down 3.1% on a year-over-year basis. On average, analysts anticipate that ABB will post $0.97 earnings per share for the current year.

About ABB

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.

5 Day Chart for NYSE:ABB

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