ABB (NYSE:ABB) had its target price lowered by Robert W. Baird from $29.00 to $27.00 in a research note published on Friday morning. The firm currently has a neutral rating on the industrial products company’s stock.

A number of other equities research analysts also recently issued reports on ABB. Berenberg Bank upgraded shares of ABB from a sell rating to a hold rating in a research note on Wednesday, January 17th. Zacks Investment Research downgraded shares of ABB from a buy rating to a hold rating in a research note on Thursday, January 18th. Jefferies Group set a $20.00 price objective on shares of ABB and gave the stock a sell rating in a research note on Tuesday, November 28th. JPMorgan Chase & Co. reiterated a neutral rating on shares of ABB in a research note on Friday, November 24th. Finally, Bank of America downgraded shares of ABB from a buy rating to a neutral rating in a research note on Tuesday, January 9th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. ABB currently has a consensus rating of Hold and a consensus target price of $26.00.

Shares of ABB (ABB) traded up $0.01 during trading on Friday, reaching $24.30. 5,081,536 shares of the company’s stock were exchanged, compared to its average volume of 2,100,000. The firm has a market capitalization of $52,390.00, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 2.52 and a beta of 1.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.37 and a quick ratio of 1.03. ABB has a 12-month low of $22.04 and a 12-month high of $28.67.

ABB (NYSE:ABB) last announced its quarterly earnings data on Thursday, February 8th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.49 billion. ABB had a net margin of 6.45% and a return on equity of 18.37%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 earnings per share. research analysts forecast that ABB will post 1.41 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. Bank of Nova Scotia Trust Co. bought a new position in shares of ABB in the third quarter worth about $113,000. Cubist Systematic Strategies LLC lifted its holdings in shares of ABB by 296.7% in the second quarter. Cubist Systematic Strategies LLC now owns 4,800 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 3,590 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of ABB in the second quarter worth about $120,000. Quantbot Technologies LP bought a new position in shares of ABB in the third quarter worth about $184,000. Finally, Round Table Services LLC bought a new position in shares of ABB in the fourth quarter worth about $203,000. 4.77% of the stock is owned by hedge funds and other institutional investors.

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ABB Company Profile

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)

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