ABB Ltd (OTCMKTS:ABBNY) Given Average Rating of “Hold” by Analysts

Shares of ABB Ltd (OTCMKTS:ABBNY) have been assigned an average rating of “Hold” from the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $58.00.

Several equities analysts have recently weighed in on ABBNY shares. Zacks Research lowered shares of ABB from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Royal Bank Of Canada restated a “sector perform” rating on shares of ABB in a research report on Tuesday, July 21st. Dnb Carnegie raised shares of ABB from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Pareto Securities upgraded shares of ABB from a “hold” rating to a “buy” rating in a research report on Thursday, July 16th. Finally, Wall Street Zen lowered shares of ABB from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th.

ABB Stock Up 1.0%

ABB stock opened at $101.67 on Wednesday. The business’s 50-day moving average price is $102.53 and its 200 day moving average price is $95.58. The company has a quick ratio of 1.08, a current ratio of 1.43 and a debt-to-equity ratio of 0.40. The firm has a market cap of $185.36 billion, a price-to-earnings ratio of 36.70, a price-to-earnings-growth ratio of 1.49 and a beta of 1.36. ABB has a 52 week low of $65.42 and a 52 week high of $110.20.

ABB (OTCMKTS:ABBNY) last announced its quarterly earnings results on Thursday, July 16th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.13). ABB had a net margin of 13.86% and a return on equity of 31.25%. The company had revenue of $9.47 billion during the quarter, compared to analyst estimates of $9.34 billion. As a group, sell-side analysts anticipate that ABB will post 3.78 earnings per share for the current year.

ABB Company Profile

ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.