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

Key Points

• ABB holds an average “Hold” rating among 13 covering brokerages: 10 analysts recommend holding, while one rates it a buy and two rate it a strong buy. Recent upgrades include Zacks Research and Pareto Securities.
• North Star Asset Management initiated a position of 2,205 ABB shares worth approximately $240,000 in the second quarter; institutional investors own 1.06% of the stock.
• ABB’s latest quarterly results were mixed: EPS of $0.66 missed the $0.79 consensus estimate, while revenue of $9.47 billion exceeded expectations of $9.34 billion. Shares opened at $94.71, below their 50-day and 200-day moving averages.

Shares of ABB Ltd (OTCMKTS:ABBNY - Get Free Report) have earned an average rating of "Hold" from the thirteen ratings firms that are currently covering the stock, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new position in ABB stock. North Star Asset Management Inc. purchased a new stake in ABB Ltd (OTCMKTS:ABBNY - Free Report) in the second quarter, according to its most recent 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. 1.06% of the stock is owned by institutional investors.

ABB Price Performance

Shares of OTCMKTS ABBNY opened at $94.71 on Thursday. The firm has a market cap of $172.67 billion, a PE ratio of 34.19, a PEG ratio of 1.30 and a beta of 1.36. The firm has a fifty day moving average of $98.11 and a 200 day moving average of $98.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 1.43. ABB has a one year low of $67.24 and a one year high of $110.20.

ABB (OTCMKTS:ABBNY - Get Free Report) last posted its quarterly earnings data 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). ABB had a net margin of 13.86% and a return on equity of 31.25%. The company had revenue of $9.47 billion for the quarter, compared to analysts' expectations of $9.34 billion. As a group, research analysts predict that ABB will post 3.84 EPS for the current fiscal year.

ABB Company Profile

ABB Ltd. is a Switzerland-based global technology company that develops electrification, automation and motion solutions for industrial, commercial and utility customers. Its products and systems help organizations improve energy efficiency, operational productivity, reliability and sustainability across a range of applications.

The company's business activities include electrical distribution and control equipment, low- and medium-voltage products, industrial drives, motors, power-conversion systems, robotics and machine-automation technologies.

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