Shares of ABB Ltd (OTCMKTS:ABBNY - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $96.51 and traded as high as $101.03. ABB shares last traded at $100.91, with a volume of 363,431 shares.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on ABBNY shares. Pareto Securities upgraded shares of ABB from a "hold" rating to a "buy" rating in a research note on Thursday, July 16th. Dnb Carnegie raised shares of ABB from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Wall Street Zen lowered shares of ABB from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Zacks Research cut shares of ABB from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 22nd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of ABB from a "sell" rating to a "hold" rating in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $58.00.
Read Our Latest Stock Analysis on ABBNY
ABB Stock Up 1.9%
The stock has a market capitalization of $183.97 billion, a price-to-earnings ratio of 36.43, a price-to-earnings-growth ratio of 1.46 and a beta of 1.36. The company has a quick ratio of 1.08, a current ratio of 1.43 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average price of $102.31 and a 200 day moving average price of $96.51.
ABB (OTCMKTS:ABBNY - Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.13). ABB had a net margin of 13.86% and a return on equity of 31.25%. The business had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $9.34 billion. As a group, analysts forecast that ABB Ltd will post 3.78 EPS for the current year.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in ABB stock. North Star Asset Management Inc. purchased a new stake in ABB Ltd (OTCMKTS:ABBNY - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,205 shares of the industrial products company's stock, valued at approximately $240,000. Institutional investors and hedge funds own 1.06% of the company's stock.
About ABB
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider ABB, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ABB wasn't on the list.
While ABB currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link to see MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
