ABB Ltd (NYSE:ABB) Rating Reiterated by Goldman Sachs Group Inc

ABB Ltd (NYSE:ABB)‘s stock had its “buy” rating restated by stock analysts at Goldman Sachs Group Inc in a research report issued to clients and investors on Monday, November 6th.

Other research analysts have also issued research reports about the stock. BidaskClub lowered shares of ABB from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Robert W. Baird set a $28.00 price objective on shares of ABB and gave the company a “buy” rating in a report on Thursday, August 24th. Morgan Stanley lowered shares of ABB from an “overweight” rating to an “equal weight” rating in a report on Friday, July 21st. Zacks Investment Research lowered shares of ABB from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, UBS AG restated a “sell” rating on shares of ABB in a report on Monday, July 24th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. ABB presently has a consensus rating of “Hold” and an average price target of $23.50.

ABB (NYSE:ABB) traded up $0.23 on Monday, hitting $25.63. 2,616,537 shares of the stock were exchanged, compared to its average volume of 1,543,727. ABB has a one year low of $20.26 and a one year high of $26.48. The company has a current ratio of 1.37, a quick ratio of 1.03 and a debt-to-equity ratio of 0.48. The firm has a market cap of $55,070.96, a P/E ratio of 20.32, a P/E/G ratio of 3.30 and a beta of 1.06.

ABB (NYSE:ABB) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $8.55 billion. ABB had a net margin of 6.79% and a return on equity of 18.65%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.32 EPS. equities analysts predict that ABB will post 1.24 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Bank of Montreal Can grew its position in shares of ABB by 5.5% during the 2nd quarter. Bank of Montreal Can now owns 47,187 shares of the industrial products company’s stock worth $1,174,000 after buying an additional 2,447 shares during the period. Pinnacle Associates Ltd. grew its position in shares of ABB by 12.8% during the 2nd quarter. Pinnacle Associates Ltd. now owns 73,888 shares of the industrial products company’s stock worth $1,840,000 after buying an additional 8,406 shares during the period. Aperio Group LLC grew its position in shares of ABB by 4.8% during the 2nd quarter. Aperio Group LLC now owns 834,910 shares of the industrial products company’s stock worth $20,789,000 after buying an additional 38,467 shares during the period. Airain ltd grew its position in shares of ABB by 33.2% during the 2nd quarter. Airain ltd now owns 51,797 shares of the industrial products company’s stock worth $1,290,000 after buying an additional 12,904 shares during the period. Finally, Fisher Asset Management LLC grew its position in shares of ABB by 4.5% during the 3rd quarter. Fisher Asset Management LLC now owns 8,658,635 shares of the industrial products company’s stock worth $214,301,000 after buying an additional 376,777 shares during the period. 4.63% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This article was originally published by BBNS and is the sole property of of BBNS. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://baseballnewssource.com/markets/abb-ltd-abb-rating-reiterated-by-goldman-sachs-group-inc-the/1761789.html.

About ABB

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.

Analyst Recommendations for ABB (NYSE:ABB)

Receive News & Ratings for ABB Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABB Ltd and related companies with our FREE daily email newsletter.

 


Latest News

Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot


Leave a Reply

 
© 2006-2017 BBNS.