Shares of ABB Group (NYSE:ABB) have received a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $25.00.
Several analysts recently commented on ABB shares. Robert W. Baird reissued a “buy” rating and set a $29.00 price objective on shares of ABB Group in a research report on Friday, December 15th. Zacks Investment Research raised shares of ABB Group from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Wednesday, December 13th. Goldman Sachs reissued a “buy” rating on shares of ABB Group in a research report on Monday, December 11th. Berenberg Bank raised shares of ABB Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Finally, JPMorgan Chase reissued a “neutral” rating on shares of ABB Group in a research report on Wednesday, January 10th.
Shares of NYSE:ABB traded down $0.37 during midday trading on Thursday, reaching $22.32. The company’s stock had a trading volume of 2,192,111 shares, compared to its average volume of 1,989,439. The company has a market capitalization of $47,733.68, a PE ratio of 17.86, a P/E/G ratio of 2.32 and a beta of 1.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.35 and a quick ratio of 1.04. ABB Group has a 12-month low of $21.92 and a 12-month high of $28.67.
ABB Group (NYSE:ABB) last announced its quarterly earnings data on Thursday, February 8th. The industrial products company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.08. ABB Group had a net margin of 6.45% and a return on equity of 18.11%. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the prior year, the firm posted $0.33 EPS. ABB Group’s revenue for the quarter was up 3.2% on a year-over-year basis. equities analysts anticipate that ABB Group will post 1.41 EPS for the current fiscal year.
The company also recently disclosed an annual dividend, which will be paid on Tuesday, May 15th. Investors of record on Thursday, April 5th will be given a dividend of $0.8261 per share. This represents a yield of 3.44%. This is an increase from ABB Group’s previous annual dividend of $0.75. The ex-dividend date of this dividend is Wednesday, April 4th. ABB Group’s dividend payout ratio is 41.60%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Asset Management L.P. lifted its stake in ABB Group by 512.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 508,400 shares of the industrial products company’s stock valued at $12,583,000 after acquiring an additional 425,400 shares during the period. Guardian Capital Advisors LP lifted its stake in ABB Group by 1.3% during the 3rd quarter. Guardian Capital Advisors LP now owns 310,864 shares of the industrial products company’s stock valued at $7,915,000 after acquiring an additional 4,118 shares during the period. Bank of New York Mellon Corp lifted its stake in ABB Group by 10.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 115,036 shares of the industrial products company’s stock valued at $2,847,000 after acquiring an additional 10,694 shares during the period. Caxton Associates LP bought a new position in ABB Group during the 3rd quarter valued at about $1,238,000. Finally, Atria Investments LLC lifted its stake in ABB Group by 64.2% during the 4th quarter. Atria Investments LLC now owns 30,638 shares of the industrial products company’s stock valued at $822,000 after acquiring an additional 11,983 shares during the period. Institutional investors and hedge funds own 5.45% of the company’s stock.
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ABB Group 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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