ABB Ltd (NYSE:ABB) has been assigned a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating on 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.
Several equities research analysts have recently issued reports on ABB shares. Morgan Stanley reissued an “underweight” rating on shares of ABB in a research note on Wednesday, April 28th. Berenberg Bank raised shares of ABB from a “sell” rating to a “hold” rating in a research note on Monday, February 8th. Credit Suisse Group reissued a “neutral” rating on shares of ABB in a research note on Wednesday, April 28th. Kepler Capital Markets lowered shares of ABB from a “buy” rating to a “hold” rating in a research note on Thursday, April 22nd. Finally, Nordea Equity Research downgraded shares of ABB from a “buy” rating to a “hold” rating in a report on Friday, February 5th.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Arkadios Wealth Advisors increased its holdings in ABB by 186.9% in the 1st quarter. Arkadios Wealth Advisors now owns 875 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 570 shares during the last quarter. Jeppson Wealth Management LLC acquired a new stake in ABB in the 3rd quarter valued at approximately $31,000. Fieldpoint Private Securities LLC acquired a new stake in ABB in the 4th quarter valued at approximately $34,000. Perigon Wealth Management LLC acquired a new stake in ABB in the 4th quarter valued at approximately $35,000. Finally, RMR Wealth Builders acquired a new stake in ABB in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 4.08% of the company’s stock.
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. ABB has a 1 year low of $16.80 and a 1 year high of $33.48. 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 (NYSE:ABB) last released its quarterly earnings results on Monday, April 26th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.05. The firm had revenue of $6.90 billion for the quarter, compared to the consensus estimate of $6.57 billion. ABB had a return on equity of 15.47% and a net margin of 21.33%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the business posted $0.30 EPS. On average, equities research analysts anticipate that ABB will post 0.81 earnings per share for the current fiscal year.
The company also recently declared an annual dividend, which will be paid on Saturday, May 15th. Stockholders of record on Tuesday, March 30th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Monday, March 29th. This represents a dividend yield of 2.7%. This is an increase from ABB’s previous annual dividend of $0.83. ABB’s dividend payout ratio (DPR) is currently 42.74%.
ABB Company Profile
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.
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