ABB’s (ABB) “Hold” Rating Reaffirmed at William Blair

William Blair reissued their hold rating on shares of ABB (NYSE:ABB) in a research note published on Monday morning.

A number of other analysts have also issued reports on the company. JPMorgan Chase & Co. restated a hold rating on shares of ABB in a report on Monday. Societe Generale restated a buy rating on shares of ABB in a report on Thursday, October 25th. Morgan Stanley restated a hold rating on shares of ABB in a report on Thursday, October 25th. Zacks Investment Research upgraded ABB from a sell rating to a hold rating in a report on Tuesday, October 16th. Finally, ValuEngine lowered ABB from a hold rating to a sell rating in a report on Tuesday, September 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $25.67.

Shares of NYSE:ABB opened at $20.37 on Monday. ABB has a one year low of $19.08 and a one year high of $28.67. The firm has a market cap of $42.37 billion, a PE ratio of 16.30, a P/E/G ratio of 2.10 and a beta of 1.19. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.18 and a quick ratio of 0.86.

ABB (NYSE:ABB) last released its earnings results on Thursday, October 25th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.04). The business had revenue of $9.26 billion during the quarter, compared to analysts’ expectations of $9.46 billion. ABB had a net margin of 6.24% and a return on equity of 19.99%. On average, equities research analysts expect that ABB will post 1.38 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fisher Asset Management LLC increased its stake in shares of ABB by 4.4% in the third quarter. Fisher Asset Management LLC now owns 10,714,586 shares of the industrial products company’s stock worth $253,186,000 after acquiring an additional 449,437 shares during the last quarter. Bank of America Corp DE increased its stake in shares of ABB by 5.3% in the second quarter. Bank of America Corp DE now owns 7,626,928 shares of the industrial products company’s stock worth $166,038,000 after acquiring an additional 383,395 shares during the last quarter. Boston Partners increased its stake in shares of ABB by 5.3% in the second quarter. Boston Partners now owns 7,380,465 shares of the industrial products company’s stock worth $160,673,000 after acquiring an additional 370,034 shares during the last quarter. Northern Trust Corp increased its stake in shares of ABB by 3.9% in the second quarter. Northern Trust Corp now owns 5,964,429 shares of the industrial products company’s stock worth $129,846,000 after acquiring an additional 226,466 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of ABB by 1.0% in the first quarter. BlackRock Inc. now owns 3,808,310 shares of the industrial products company’s stock worth $90,409,000 after acquiring an additional 39,560 shares during the last quarter. 5.31% of the stock is currently owned by institutional investors and hedge funds.

About ABB

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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