NYSE:ABBABB Stock Price, Forecast & News

ABB's stock was trading at $18.83 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ABB stock has increased by 38.0% and is now trading at $25.99.
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13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ABB in the last year. There are currently 4 sell ratings, 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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ABB is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for ABB.

ABB Ltd (NYSE:ABB) announced its quarterly earnings results on Wednesday, July, 22nd. The industrial products company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.10 by $0.12. The industrial products company had revenue of $6.15 billion for the quarter. ABB had a return on equity of 18.45% and a net margin of 5.83%.
View ABB's earnings history.

13 Wall Street analysts have issued 12 month price targets for ABB's stock. Their forecasts range from $14.00 to $26.00. On average, they anticipate ABB's share price to reach $20.00 in the next year. This suggests that the stock has a possible downside of 23.0%.
View analysts' price targets for ABB.

News stories about ABB stock have been trending very positive on Saturday, InfoTrie reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. ABB earned a media sentiment score of 4.0 on InfoTrie's scale. They also assigned media coverage about the industrial products company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.
View the latest news about ABB.

ABB saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 6,140,000 shares, an increase of 17.4% from the July 15th total of 5,230,000 shares. Based on an average daily trading volume, of 2,380,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 0.3% of the company's shares are short sold.
View ABB's Current Options Chain.

Some companies that are related to ABB include Siemens (SIEGY), Caterpillar (CAT), Bouygues (BOUYF), SCHNEIDER ELEC /ADR (SBGSY), Illinois Tool Works (ITW), Deere & Company (DE), ATLAS COPCO AB/S (ATLKY), Roper Technologies (ROP), KONE OYJ/ADR (KNYJY), MURATA MFG CO L/ADR (MRAAY), Emerson Electric (EMR), Eaton (ETN), FANUC LTD JAPAN/ADR (FANUY), Cintas (CTAS) and Johnson Controls International (JCI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other ABB investors own include Intel (INTC), General Electric (GE), Alibaba Group (BABA), Cisco Systems (CSCO), NVIDIA (NVDA), QUALCOMM (QCOM), Netflix (NFLX), Bank of America (BAC), Walt Disney (DIS) and Advanced Micro Devices (AMD).

ABB trades on the New York Stock Exchange (NYSE) under the ticker symbol "ABB."

ABB's stock is owned by many different institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (0.65%), Schafer Cullen Capital Management Inc (0.10%), First Trust Advisors LP (0.10%), Nuance Investments LLC (0.04%), UBS Group AG (0.04%) and Raymond James & Associates (0.03%).

ABB stock was sold by a variety of institutional investors in the last quarter, including Nuance Investments LLC, First Trust Advisors LP, Kornitzer Capital Management Inc. KS, UBS Group AG, Gradient Investments LLC, Beddow Capital Management Inc., Scout Investments Inc., and Thornburg Investment Management Inc..

ABB stock was bought by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, FNY Investment Advisers LLC, Schafer Cullen Capital Management Inc, Envestnet Asset Management Inc., SeaCrest Wealth Management LLC, Naples Global Advisors LLC, Financial Counselors Inc., and Boston Family Office LLC.

Shares of ABB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ABB stock can currently be purchased for approximately $25.99.

ABB has a market capitalization of $56.35 billion and generates $27.98 billion in revenue each year. The industrial products company earns $1.44 billion in net income (profit) each year or $1.24 on an earnings per share basis. ABB employs 144,400 workers across the globe.

The official website for ABB is www.new.abb.com.

ABB's mailing address is PO BOX 8131 AFFOLTERNSTRASSE 44, ZURICH V8, CH-8050. The industrial products company can be reached via phone at 41-43-317-7111 or via email at [email protected]