ABB Ltd (NYSE:ABB) reached a new 52-week low during trading on Thursday . The stock traded as low as $18.94 and last traded at $19.10, with a volume of 284903 shares. The stock had previously closed at $19.66.

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. reissued a “hold” rating on shares of ABB in a research note on Thursday, October 18th. Societe Generale raised shares of ABB from a “hold” rating to a “buy” rating in a research note on Thursday, September 13th. DNB Markets assumed coverage on shares of ABB in a research note on Monday, September 3rd. They set a “buy” rating on the stock. ValuEngine lowered shares of ABB from a “hold” rating to a “sell” rating in a research note on Tuesday, September 4th. Finally, Zacks Investment Research raised shares of ABB from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.34.

The company has a current ratio of 1.18, a quick ratio of 0.86 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $41.10 billion, a PE ratio of 15.08, a PEG ratio of 2.01 and a beta of 1.27.

ABB (NYSE:ABB) last issued its earnings results on Thursday, October 25th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.04). The firm had revenue of $9.26 billion during the quarter, compared to analysts’ expectations of $9.46 billion. ABB had a return on equity of 19.99% and a net margin of 6.24%. Analysts predict that ABB Ltd will post 1.39 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. Dorsey & Whitney Trust CO LLC raised its holdings in ABB by 24.9% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 13,011 shares of the industrial products company’s stock worth $307,000 after buying an additional 2,598 shares during the last quarter. Earnest Partners LLC raised its holdings in ABB by 19.1% in the third quarter. Earnest Partners LLC now owns 17,583 shares of the industrial products company’s stock worth $415,000 after buying an additional 2,821 shares during the last quarter. Sterling Capital Management LLC raised its holdings in ABB by 23.4% in the second quarter. Sterling Capital Management LLC now owns 14,997 shares of the industrial products company’s stock worth $326,000 after buying an additional 2,844 shares during the last quarter. Checchi Capital Advisers LLC raised its holdings in ABB by 17.1% in the second quarter. Checchi Capital Advisers LLC now owns 19,777 shares of the industrial products company’s stock worth $431,000 after buying an additional 2,882 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in ABB by 15.2% in the third quarter. Rockefeller Capital Management L.P. now owns 24,439 shares of the industrial products company’s stock worth $577,000 after buying an additional 3,226 shares during the last quarter. 4.87% of the stock is owned by institutional investors and hedge funds.

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ABB Company Profile (NYSE:ABB)

ABB Ltd manufactures and sells electrification, robotics and motion, industrial automation, and power grid products worldwide. Its Electrification Products segment provides modular substation packages, distribution automation products, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.

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