ABB Ltd (OTCMKTS:ABBNY) Stock Rated “Hold” by Sell-Side Brokerages

Shares of ABB Ltd (OTCMKTS:ABBNY) have received an average recommendation of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company.

ABBNY has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ABB in a research report on Tuesday, September 22nd. Erste Group Bank cut ABB from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Pareto Securities raised ABB from a “hold” rating to a “buy” rating in a research report on Thursday, July 16th. Royal Bank Of Canada restated a “sector perform” rating on shares of ABB in a research note on Tuesday, July 21st. Finally, Dnb Carnegie raised ABB from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th.

Institutional Investors Weigh In On ABB

An institutional investor recently bought a new position in ABB stock. North Star Asset Management Inc. acquired a new position in shares of ABB Ltd (OTCMKTS:ABBNY) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,205 shares of the industrial products company’s stock, valued at approximately $240,000. Institutional investors own 1.06% of the company’s stock.

ABB Price Performance

ABBNY stock opened at $88.70 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.43 and a quick ratio of 1.08. The firm has a market capitalization of $161.71 billion, a P/E ratio of 32.14, a P/E/G ratio of 1.00 and a beta of 1.35. The business’s 50-day moving average is $95.11 and its two-hundred day moving average is $94.74. ABB has a 1 year low of $67.24 and a 1 year high of $110.20.

ABB (OTCMKTS:ABBNY) last released its quarterly earnings data on Tuesday, October 20th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.42). The firm had revenue of $9.70 billion for the quarter. ABB had a return on equity of 31.11% and a net margin of 13.55%. Analysts anticipate that ABB will post 3.89 earnings per share for the current fiscal year.

ABB Company Profile

ABB Ltd. (OTCMKTS:ABBNY) is a Swiss-Swedish technology company that develops products, systems and services for electrification, industrial automation and energy management. Its offerings include electrical distribution equipment, industrial control systems, motors, drives, measurement and analytical instruments, and software designed to improve the efficiency, reliability and sustainability of industrial and commercial operations.

The company also provides robotics and automation solutions for manufacturing, logistics and other industrial applications.