ABB Ltd (ABBNY) - What Are Investment Firms Saying About This Stock?

Key Points

• Analyst consensus is “Hold” for ABB, with 10 hold ratings, one buy, and two strong-buy ratings among 13 covering brokerages. Pareto Securities and Zacks Research recently upgraded the stock.
• ABB shares opened at $82.09, well below their 12-month high of $110.20, while the company reported quarterly EPS of $0.68—missing the $1.10 consensus estimate—on $9.70 billion in revenue.
• Institutional ownership remains limited at 1.06%; North Star Asset Management recently initiated a position valued at approximately $240,000.

Shares of ABB Ltd (OTCMKTS:ABBNY - Get Free Report) have been assigned a consensus recommendation of "Hold" from the thirteen brokerages that are currently covering the stock, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company.

Several equities research analysts have weighed in on ABBNY shares. Pareto Securities upgraded shares of ABB from a "hold" rating to a "buy" rating in a research report on Thursday, July 16th. TD Cowen reaffirmed a "hold" rating on shares of ABB in a research note on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of ABB in a research report on Tuesday, September 22nd. Royal Bank Of Canada reissued a "sector perform" rating on shares of ABB in a research note on Tuesday, July 21st. Finally, Zacks Research raised shares of ABB from a "hold" rating to a "strong-buy" rating in a report on Friday, September 18th.

ABB Stock Performance

Shares of OTCMKTS:ABBNY opened at $82.09 on Monday. ABB has a twelve month low of $67.24 and a twelve month high of $110.20. The firm has a market cap of $149.66 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 1.00 and a beta of 1.35. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 1.43. The business has a fifty day moving average of $95.88 and a 200-day moving average of $99.59.

ABB (OTCMKTS:ABBNY - Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.10 by ($0.42). The business had revenue of $9.70 billion during the quarter. ABB had a net margin of 13.55% and a return on equity of 31.11%. On average, equities research analysts predict that ABB will post 3.89 EPS for the current fiscal year.

Institutional Investors Weigh In On ABB

An institutional investor recently bought a new position in ABB stock. North Star Asset Management Inc. purchased a new stake in shares of ABB Ltd (OTCMKTS:ABBNY - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,205 shares of the industrial products company's stock, valued at approximately $240,000. Institutional investors own 1.06% of the company's stock.

ABB Company Profile

ABB Ltd. OTCMKTS: ABBNY is a Swiss-Swedish technology company that develops products, systems and services for electrification, industrial automation and energy management. Its offerings include electrical distribution equipment, industrial control systems, motors, drives, measurement and analytical instruments, and software designed to improve the efficiency, reliability and sustainability of industrial and commercial operations.

The company also provides robotics and automation solutions for manufacturing, logistics and other industrial applications.

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