ABB (NYSE:ABB) was downgraded by research analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research report issued on Wednesday. They presently have a $29.00 target price on the industrial products company’s stock. Robert W. Baird’s price target points to a potential upside of 3.65% from the stock’s previous close.
A number of other research analysts have also issued reports on the company. Berenberg Bank raised ABB from a “sell” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. reissued a “neutral” rating on shares of ABB in a report on Wednesday, January 10th. Zacks Investment Research raised ABB from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Wednesday, January 10th. Bank of America lowered ABB from a “buy” rating to a “neutral” rating in a report on Tuesday, January 9th. Finally, Goldman Sachs Group reissued a “buy” rating on shares of ABB in a report on Monday, December 11th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $26.67.
ABB (NYSE:ABB) opened at $27.98 on Wednesday. The company has a market capitalization of $60,491.33, a P/E ratio of 25.91, a price-to-earnings-growth ratio of 2.90 and a beta of 1.06. ABB has a 12-month low of $22.04 and a 12-month high of $28.26. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.03 and a current ratio of 1.37.
ABB (NYSE:ABB) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. The company had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.55 billion. ABB had a return on equity of 18.65% and a net margin of 6.79%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 earnings per share. equities analysts expect that ABB will post 1.22 EPS for the current year.
Several large investors have recently added to or reduced their stakes in the company. Bank of Nova Scotia Trust Co. purchased a new stake in shares of ABB in the third quarter valued at approximately $113,000. Mountain Capital Investment Advisors Inc purchased a new stake in shares of ABB in the second quarter valued at approximately $120,000. Cubist Systematic Strategies LLC boosted its stake in shares of ABB by 296.7% in the second quarter. Cubist Systematic Strategies LLC now owns 4,800 shares of the industrial products company’s stock valued at $120,000 after buying an additional 3,590 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of ABB in the third quarter valued at approximately $184,000. Finally, Boyd Watterson Asset Management LLC OH purchased a new stake in shares of ABB in the fourth quarter valued at approximately $207,000. 4.73% of the stock is currently owned by institutional investors and hedge funds.
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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.
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