ABB Ltd (NYSE:ABB) has earned a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $30.50.
A number of research firms have commented on ABB. Nordea Equity Research downgraded shares of ABB from a “buy” rating to a “hold” rating in a report on Friday, February 5th. DZ Bank upgraded shares of ABB from a “hold” rating to a “buy” rating in a report on Friday, February 5th. TheStreet upgraded shares of ABB from a “c+” rating to a “b-” rating in a report on Tuesday, April 13th. DNB Markets downgraded shares of ABB from a “buy” rating to a “hold” rating in a report on Wednesday, March 24th. Finally, JPMorgan Chase & Co. upgraded shares of ABB from an “underweight” rating to a “neutral” rating in a report on Monday.
Shares of ABB stock traded down $0.25 on Tuesday, reaching $32.64. The stock had a trading volume of 93,351 shares, compared to its average volume of 1,839,427. The stock has a market cap of $70.77 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 3.97 and a beta of 1.05. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.13 and a current ratio of 1.42. The company has a 50 day simple moving average of $31.80 and a 200 day simple moving average of $29.06. ABB has a 1 year low of $16.80 and a 1 year high of $33.48.
ABB (NYSE:ABB) last released its quarterly earnings data on Monday, April 26th. The industrial products company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.05. The company had revenue of $6.90 billion during the quarter, compared to the consensus estimate of $6.57 billion. ABB had a net margin of 21.33% and a return on equity of 15.47%. ABB’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS. On average, equities research analysts anticipate that ABB will post 0.81 earnings per share for the current fiscal year.
The firm also recently declared an annual dividend, which will be paid on Saturday, May 15th. Shareholders of record on Tuesday, March 30th will be given a $0.85 dividend. This represents a yield of 2.7%. The ex-dividend date of this dividend is Monday, March 29th. This is a boost from ABB’s previous annual dividend of $0.83. ABB’s dividend payout ratio (DPR) is currently 42.74%.
Several institutional investors have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors lifted its position in ABB by 186.9% in the first quarter. Arkadios Wealth Advisors now owns 875 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 570 shares during the last quarter. Jeppson Wealth Management LLC purchased a new stake in ABB in the third quarter valued at $31,000. Fieldpoint Private Securities LLC purchased a new stake in ABB in the fourth quarter valued at $34,000. Perigon Wealth Management LLC acquired a new position in ABB in the fourth quarter valued at $35,000. Finally, RMR Wealth Builders acquired a new position in ABB in the fourth quarter valued at $37,000. 4.08% of the stock is owned by institutional investors and hedge funds.
ABB Ltd manufactures and sells electrification, industrial automation, and robotics and motion products for customers in utilities, industry and transport, and infrastructure worldwide. Its Electrification segment provides electric vehicle charging infrastructure, renewable power solutions, modular substation packages, distribution automation products, switchboard and panel boards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions for integrating and automating lighting, heating, ventilation, security, and data communication networks.
See Also: What is a Real Estate Investment Trust (REIT)?
Receive News & Ratings for ABB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABB and related companies with MarketBeat.com's FREE daily email newsletter.