ABB (NYSE:ABB) was downgraded by equities research analysts at Vertical Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They currently have a $17.00 target price on the industrial products company’s stock. Vertical Research’s price target indicates a potential downside of 12.37% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of ABB from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Wednesday, September 19th. Societe Generale upgraded shares of ABB from a “hold” rating to a “buy” rating in a research note on Thursday, September 13th. HSBC upgraded shares of ABB from a “hold” rating to a “buy” rating in a research note on Monday, December 10th. Kepler Capital Markets reiterated a “buy” rating on shares of ABB in a research note on Wednesday, December 12th. Finally, Bank of America upgraded shares of ABB from a “neutral” rating to a “buy” rating in a research note on Tuesday. Four analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. ABB presently has a consensus rating of “Hold” and a consensus target price of $22.87.

NYSE ABB opened at $19.40 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.18 and a quick ratio of 0.86. The company has a market cap of $42.22 billion, a P/E ratio of 15.52, a PEG ratio of 2.10 and a beta of 1.16. ABB has a 52 week low of $18.05 and a 52 week high of $28.67.

ABB (NYSE:ABB) last posted its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04). The firm had revenue of $9.26 billion for the quarter, compared to the consensus estimate of $9.46 billion. ABB had a return on equity of 19.99% and a net margin of 6.24%. Research analysts forecast that ABB will post 1.27 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of ABB by 18.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 80,021 shares of the industrial products company’s stock valued at $1,891,000 after acquiring an additional 12,431 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of ABB by 296.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,230,680 shares of the industrial products company’s stock valued at $29,081,000 after acquiring an additional 920,247 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of ABB by 9.7% in the 3rd quarter. BlackRock Inc. now owns 4,125,709 shares of the industrial products company’s stock valued at $97,491,000 after acquiring an additional 366,275 shares during the last quarter. Cpwm LLC purchased a new stake in shares of ABB in the 3rd quarter valued at $249,000. Finally, Capital Management Corp VA purchased a new stake in shares of ABB in the 3rd quarter valued at $4,387,000. 4.87% of the stock is currently owned by institutional investors.

ABB Company Profile

ABB Ltd manufactures and sells electrification, robotics and motion, industrial automation, and power grid products worldwide. Its Electrification Products segment provides modular substation packages, distribution automation products, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.

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Analyst Recommendations for ABB (NYSE:ABB)

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