ABB Ltd (NYSE:ABB)‘s stock had its “buy” rating reiterated by equities researchers at Goldman Sachs Group, Inc. (The) in a research report issued to clients and investors on Monday, November 6th.
Several other research firms have also recently weighed in on ABB. Robert W. Baird reissued a “buy” rating and set a $29.00 price objective on shares of ABB in a report on Wednesday, October 4th. Zacks Investment Research lowered shares of ABB from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Morgan Stanley lowered shares of ABB from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 21st. UBS AG restated a “sell” rating on shares of ABB in a research report on Monday, July 24th. Finally, BidaskClub lowered shares of ABB from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. ABB has an average rating of “Hold” and a consensus price target of $23.50.
ABB (NYSE:ABB) opened at $25.23 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.37 and a debt-to-equity ratio of 0.48. The stock has a market cap of $54,702.37, a PE ratio of 20.18, a price-to-earnings-growth ratio of 3.32 and a beta of 1.06. ABB has a twelve month low of $20.26 and a twelve month high of $26.48.
ABB (NYSE:ABB) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. ABB had a net margin of 6.79% and a return on equity of 18.65%. The business had revenue of $8.72 billion during the quarter, compared to analysts’ expectations of $8.55 billion. During the same period in the previous year, the company earned $0.32 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. sell-side analysts predict that ABB will post 1.23 EPS for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in ABB. Benedict Financial Advisors Inc. raised its stake in ABB by 1.1% during the second quarter. Benedict Financial Advisors Inc. now owns 10,940 shares of the industrial products company’s stock valued at $260,000 after purchasing an additional 122 shares in the last quarter. Ledyard National Bank raised its stake in ABB by 3.6% during the second quarter. Ledyard National Bank now owns 4,350 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 150 shares in the last quarter. Lowe Brockenbrough & Co. Inc. raised its stake in shares of ABB by 0.5% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 43,072 shares of the industrial products company’s stock valued at $1,072,000 after acquiring an additional 210 shares during the period. Greenleaf Trust raised its stake in shares of ABB by 1.8% in the second quarter. Greenleaf Trust now owns 14,168 shares of the industrial products company’s stock valued at $353,000 after acquiring an additional 244 shares during the period. Finally, Scotia Capital Inc. raised its stake in shares of ABB by 2.2% in the second quarter. Scotia Capital Inc. now owns 14,850 shares of the industrial products company’s stock valued at $370,000 after acquiring an additional 314 shares during the period. 4.44% of the stock is currently owned by hedge funds and other institutional investors.
ABB Ltd (ABB) is a holding company. The Company’s segments include Electrification Products, Robotics and Motion, Industrial Automation, Power Grids, and Corporate and Other. It operates through four divisions: Electrification Products, Robotics and Motion, Industrial Automation and Power Grids. It is engaged in serving customers in utilities, industry and transport and infrastructure.
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