ABB Ltd (OTCMKTS:ABBNY) Given Average Recommendation of “Hold” by Analysts

Shares of ABB Ltd (OTCMKTS:ABBNY) have been given a consensus recommendation of “Hold” by the twelve ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $58.00.

ABBNY has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of ABB in a research note on Wednesday, May 6th. Berenberg Bank raised shares of ABB to a “hold” rating in a research report on Monday, June 1st. Citigroup restated a “neutral” rating on shares of ABB in a research report on Thursday, June 18th. Barclays raised shares of ABB from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Finally, TD Cowen reiterated a “hold” rating on shares of ABB in a report on Tuesday, June 30th.

ABB Stock Performance

OTCMKTS ABBNY opened at $98.29 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.38 and a debt-to-equity ratio of 0.43. The stock has a market cap of $179.20 billion, a price-to-earnings ratio of 35.48, a price-to-earnings-growth ratio of 1.51 and a beta of 1.36. ABB has a fifty-two week low of $63.77 and a fifty-two week high of $110.20. The business has a fifty day moving average of $104.97 and a 200-day moving average of $92.69.

ABB (OTCMKTS:ABBNY) last posted its quarterly earnings data on Thursday, July 16th. The industrial products company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.13). The company had revenue of $9.47 billion for the quarter, compared to analysts’ expectations of $9.34 billion. ABB had a return on equity of 31.52% and a net margin of 13.86%. As a group, analysts predict that ABB will post 3.62 earnings per share 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.