ABB Ltd (OTCMKTS:ABBNY) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts collectively rate ABB “Hold”: Of 13 brokerages, 10 issued hold ratings, while one rated it sell, one buy, and one strong buy. The average 12-month price target is $58.00.
• ABB shares were trading at $101.67, up 1.0%, with a market capitalization of approximately $185.36 billion and a 52-week range of $65.42 to $110.20.
• In its latest quarter, ABB reported EPS of $0.66, below the $0.79 consensus estimate, while revenue of $9.47 billion exceeded expectations of $9.34 billion. Analysts expect full-year EPS of approximately $3.78.

Shares of ABB Ltd (OTCMKTS:ABBNY - Get Free Report) have received a consensus recommendation of "Hold" from the thirteen brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $58.00.

A number of research analysts have recently weighed in on ABBNY shares. Dnb Carnegie raised ABB from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Zacks Research downgraded ABB from a "strong-buy" rating to a "hold" rating in a report on Monday, June 22nd. Pareto Securities upgraded shares of ABB from a "hold" rating to a "buy" rating in a report on Thursday, July 16th. Citigroup reissued a "neutral" rating on shares of ABB in a research report on Thursday, June 18th. Finally, Berenberg Bank upgraded shares of ABB to a "hold" rating in a research note on Monday, June 1st.

ABB Trading Up 1.0%

OTCMKTS:ABBNY opened at $101.67 on Wednesday. The company has a market capitalization of $185.36 billion, a P/E ratio of 36.70, a PEG ratio of 1.49 and a beta of 1.36. The company has a current ratio of 1.43, a quick ratio of 1.08 and a debt-to-equity ratio of 0.40. ABB has a 12 month low of $65.42 and a 12 month high of $110.20. The firm has a fifty day simple moving average of $102.53 and a 200-day simple moving average of $95.58.

ABB (OTCMKTS:ABBNY - Get Free Report) last released its earnings results on Thursday, July 16th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.13). The firm had revenue of $9.47 billion during the quarter, compared to analyst estimates of $9.34 billion. ABB had a net margin of 13.86% and a return on equity of 31.25%. On average, equities research analysts anticipate that ABB will post 3.78 earnings per share for the current year.

ABB Company Profile

ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.

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