ABB (ABB) Upgraded by Deutsche Bank to “Buy”

Deutsche Bank upgraded shares of ABB (NYSE:ABB) from a hold rating to a buy rating in a report released on Monday morning.

ABB has been the subject of a number of other research reports. Jefferies Group set a $20.00 price objective on shares of ABB and gave the company a sell rating in a report on Tuesday, November 28th. J P Morgan Chase & Co reissued a neutral rating on shares of ABB in a research report on Friday, November 24th. Zacks Investment Research downgraded shares of ABB from a hold rating to a sell rating in a research report on Tuesday, September 19th. Robert W. Baird reissued a buy rating and set a $29.00 target price on shares of ABB in a research report on Wednesday, October 4th. Finally, Goldman Sachs Group raised shares of ABB from a neutral rating to a conviction-buy rating in a research report on Tuesday, October 31st. Four research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $24.50.

Shares of ABB (NYSE:ABB) traded up $0.07 during trading hours on Monday, hitting $25.73. 2,311,800 shares of the company’s stock were exchanged, compared to its average volume of 1,918,813. ABB has a 1-year low of $20.80 and a 1-year high of $26.48. The stock has a market cap of $55,634.68, a PE ratio of 20.53, a P/E/G ratio of 3.34 and a beta of 1.05. The company has a quick ratio of 1.03, a current ratio of 1.37 and a debt-to-equity ratio of 0.48.

ABB (NYSE:ABB) last issued its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $8.72 billion during the quarter, compared to analysts’ expectations of $8.55 billion. ABB had a net margin of 6.79% and a return on equity of 18.65%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $0.32 EPS. equities research analysts forecast that ABB will post 1.24 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in ABB. Bank of Nova Scotia Trust Co. acquired a new position in shares of ABB in the 3rd quarter valued at approximately $113,000. Mountain Capital Investment Advisors Inc purchased a new stake in ABB in the 2nd quarter worth about $120,000. Cubist Systematic Strategies LLC lifted its stake in ABB by 296.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 4,800 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 3,590 shares in the last quarter. IFP Advisors Inc lifted its stake in ABB by 71.0% in the 2nd quarter. IFP Advisors Inc now owns 6,552 shares of the industrial products company’s stock worth $163,000 after acquiring an additional 2,721 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in ABB in the 3rd quarter worth about $184,000. 4.76% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This report was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2017/12/05/abb-abb-upgraded-by-deutsche-bank-to-buy.html.

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)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply