ABB Ltd (NYSE:ABB) has been given a consensus rating of “Hold” by the fifteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $23.50.

Several brokerages have commented on ABB. Zacks Investment Research downgraded ABB from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Robert W. Baird reaffirmed a “buy” rating and set a $29.00 target price on shares of ABB in a report on Wednesday, October 4th. BidaskClub downgraded ABB from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. UBS AG reaffirmed a “sell” rating on shares of ABB in a report on Monday, July 24th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of ABB in a report on Thursday, June 22nd.

ABB (ABB) traded up 0.40% during midday trading on Thursday, hitting $25.14. The stock had a trading volume of 984,270 shares. The company’s 50-day moving average price is $24.39 and its 200 day moving average price is $24.27. The company has a market capitalization of $53.65 billion, a PE ratio of 24.22 and a beta of 1.06. ABB has a 52 week low of $20.26 and a 52 week high of $25.83.

ABB (NYSE:ABB) last announced its earnings results on Thursday, July 20th. The industrial products company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.03). The company had revenue of $8.45 billion for the quarter, compared to analyst estimates of $8.55 billion. ABB had a return on equity of 18.62% and a net margin of 6.87%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 earnings per share. On average, analysts expect that ABB will post $1.22 EPS for the current year.

Several hedge funds have recently bought and sold shares of the company. Fisher Asset Management LLC raised its position in shares of ABB by 1,084.0% in the 2nd quarter. Fisher Asset Management LLC now owns 8,281,858 shares of the industrial products company’s stock worth $206,218,000 after acquiring an additional 7,582,360 shares in the last quarter. Northern Trust Corp raised its position in shares of ABB by 1.3% in the 2nd quarter. Northern Trust Corp now owns 4,514,363 shares of the industrial products company’s stock worth $112,408,000 after acquiring an additional 59,101 shares in the last quarter. Schafer Cullen Capital Management Inc. raised its position in shares of ABB by 2.0% in the 2nd quarter. Schafer Cullen Capital Management Inc. now owns 3,686,628 shares of the industrial products company’s stock worth $91,797,000 after acquiring an additional 73,112 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of ABB by 14.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,458,598 shares of the industrial products company’s stock worth $86,119,000 after acquiring an additional 432,665 shares in the last quarter. Finally, Folketrygdfondet raised its position in shares of ABB by 41.0% in the 2nd quarter. Folketrygdfondet now owns 2,787,278 shares of the industrial products company’s stock worth $69,403,000 after acquiring an additional 810,000 shares in the last quarter. 4.42% of the stock is owned by hedge funds and other institutional investors.

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About ABB

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.

Analyst Recommendations for ABB (NYSE:ABB)

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