ABB (NYSE:ABB)'s stock had its "buy" rating restated by investment analysts at Kepler Capital Markets in a research note issued to investors on Sunday, AnalystRatings.com reports.
Several other analysts have also commented on ABB. JPMorgan Chase & Co. reissued an "underweight" rating on shares of ABB in a research note on Thursday, July 23rd. Royal Bank of Canada reissued a "sector perform" rating on shares of ABB in a research note on Friday, July 24th. Morgan Stanley reaffirmed an "underweight" rating on shares of ABB in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of ABB in a research report on Thursday, July 23rd. Finally, TheStreet raised ABB from a "c+" rating to a "b" rating in a research report on Thursday, September 3rd. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. ABB has an average rating of "Hold" and a consensus price target of $22.00.
ABB opened at $26.74 on Friday. The business has a 50 day moving average price of $25.91 and a two-hundred day moving average price of $22.50. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.19 and a quick ratio of 1.00. The company has a market capitalization of $57.98 billion, a price-to-earnings ratio of 37.14, a price-to-earnings-growth ratio of 5.40 and a beta of 1.06. ABB has a 1-year low of $14.71 and a 1-year high of $27.04.
ABB (NYSE:ABB) last announced its earnings results on Wednesday, July 22nd. The industrial products company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.10 by $0.12. ABB had a return on equity of 18.45% and a net margin of 5.83%. The business had revenue of $6.15 billion during the quarter. Equities analysts expect that ABB will post 0.81 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Coastline Trust Co increased its holdings in shares of ABB by 51.9% during the 3rd quarter. Coastline Trust Co now owns 42,680 shares of the industrial products company's stock valued at $1,086,000 after acquiring an additional 14,580 shares during the last quarter. Steigerwald Gordon & Koch Inc. grew its holdings in ABB by 1.8% during the third quarter. Steigerwald Gordon & Koch Inc. now owns 327,671 shares of the industrial products company's stock valued at $8,339,000 after purchasing an additional 5,815 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of ABB in the third quarter valued at approximately $355,000. Scout Investments Inc. lifted its stake in shares of ABB by 2.4% in the third quarter. Scout Investments Inc. now owns 112,252 shares of the industrial products company's stock worth $2,857,000 after buying an additional 2,611 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of ABB by 6.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 573,999 shares of the industrial products company's stock worth $14,608,000 after buying an additional 32,431 shares during the period. Institutional investors own 3.66% of the company's stock.
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 Products segment provides electric vehicle charging infrastructure, solar 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.
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