ABB Ltd (OTCMKTS:ABBNY) Receives Average Recommendation of “Hold” from Brokerages

Shares of ABB Ltd (OTCMKTS:ABBNY) have been assigned an average rating of “Hold” from the thirteen research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $58.00.

A number of brokerages have recently issued reports on ABBNY. Zacks Research downgraded shares of ABB from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Barclays raised shares of ABB from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Dnb Carnegie raised shares of ABB from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Citigroup reiterated a “neutral” rating on shares of ABB in a research report on Thursday, June 18th. Finally, Pareto Securities raised ABB from a “hold” rating to a “buy” rating in a research note on Thursday, July 16th.

ABB Stock Down 1.5%

ABB stock opened at $96.36 on Friday. The stock’s 50 day moving average price is $104.18 and its 200 day moving average price is $93.52. ABB has a 1-year low of $63.77 and a 1-year high of $110.20. The company has a market cap of $175.68 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 1.47 and a beta of 1.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.38 and a quick ratio of 1.05.

ABB (OTCMKTS:ABBNY) last released 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 return on equity of 31.52% and a net margin of 13.86%.The business had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $9.34 billion. On average, sell-side analysts predict that ABB will post 3.76 EPS for the current fiscal year.

ABB Company Profile

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.