ABB Ltd (ABB) Stock Rating Upgraded by Goldman Sachs Group, Inc. (The)
Other research analysts have also recently issued research reports about the company. BidaskClub cut ABB from a strong-buy rating to a buy rating in a research note on Monday, July 24th. Robert W. Baird set a $28.00 price objective on ABB and gave the company a buy rating in a research note on Thursday, August 24th. Morgan Stanley cut ABB from an overweight rating to an equal weight rating in a research note on Friday, July 21st. Zacks Investment Research cut ABB from a hold rating to a sell rating in a research note on Tuesday, October 10th. Finally, UBS Group AG (USA) restated a sell rating on shares of ABB in a research note on Monday, July 24th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. ABB presently has a consensus rating of Hold and an average target price of $23.50.
ABB (ABB) opened at $26.20 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.37 and a quick ratio of 1.03. The company has a market capitalization of $56.57 billion, a P/E ratio of 20.87, a PEG ratio of 3.43 and a beta of 1.06.
ABB (NYSE:ABB) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.04. ABB had a return on equity of 18.65% and a net margin of 6.79%. The business had revenue of $8.72 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The company’s revenue was up 5.7% compared to the same quarter last year. research analysts expect that ABB will post 1.23 earnings per share for the current fiscal year.
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Large investors have recently bought and sold shares of the company. Financial Architects Inc grew its holdings in shares of ABB by 2,404.2% during the second quarter. Financial Architects Inc now owns 4,182 shares of the industrial products company’s stock valued at $104,000 after purchasing an additional 4,015 shares during the last quarter. Ledyard National Bank grew its holdings in shares of 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 during the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of ABB by 296.7% during the second quarter. Cubist Systematic Strategies LLC now owns 4,800 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 3,590 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of ABB during the second quarter valued at approximately $120,000. Finally, Huntington National Bank grew its holdings in shares of ABB by 40.3% during the second quarter. Huntington National Bank now owns 5,484 shares of the industrial products company’s stock valued at $137,000 after purchasing an additional 1,575 shares during the last quarter. 4.43% of the stock is owned by institutional investors.
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.
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