ABB (NYSE:ABB) Rating Reiterated by Deutsche Bank Aktiengesellschaft


Share on StockTwits

ABB (NYSE:ABB)‘s stock had its “sell” rating reaffirmed by equities researchers at Deutsche Bank Aktiengesellschaft in a note issued to investors on Tuesday, The Fly reports.

Other equities analysts also recently issued reports about the company. Credit Suisse Group started coverage on ABB in a research report on Friday, December 18th. They issued a “neutral” rating on the stock. Morgan Stanley reissued an “underweight” rating on shares of ABB in a research note on Monday, October 26th. JPMorgan Chase & Co. reissued a “sell” rating on shares of ABB in a research note on Tuesday. TheStreet cut ABB from a “b” rating to a “c+” rating in a research note on Monday, October 26th. Finally, Kepler Capital Markets reissued a “buy” rating on shares of ABB in a research note on Sunday, October 25th. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $22.00.

Shares of ABB stock opened at $30.27 on Tuesday. The stock has a market capitalization of $65.63 billion, a PE ratio of 11.55, a P/E/G ratio of 4.09 and a beta of 1.05. ABB has a 1-year low of $14.71 and a 1-year high of $30.52. The business has a 50-day moving average of $27.70 and a 200 day moving average of $26.17. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 1.13.

ABB (NYSE:ABB) last announced its earnings results on Friday, October 23rd. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. ABB had a return on equity of 15.47% and a net margin of 21.33%. The firm had revenue of $6.58 billion during the quarter, compared to analyst estimates of $6.29 billion. During the same quarter in the prior year, the company earned $0.33 EPS. The business’s revenue was down 4.5% compared to the same quarter last year. Analysts anticipate that ABB will post 0.81 EPS for the current year.

Several hedge funds have recently modified their holdings of the company. Fisher Asset Management LLC increased its position in shares of ABB by 3.4% during the third quarter. Fisher Asset Management LLC now owns 14,579,346 shares of the industrial products company’s stock worth $371,044,000 after purchasing an additional 484,842 shares in the last quarter. Morgan Stanley increased its position in shares of ABB by 18.5% during the third quarter. Morgan Stanley now owns 3,054,462 shares of the industrial products company’s stock worth $77,737,000 after purchasing an additional 475,822 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of ABB by 25.7% during the third quarter. Wells Fargo & Company MN now owns 2,271,247 shares of the industrial products company’s stock worth $57,803,000 after purchasing an additional 464,494 shares in the last quarter. Aperio Group LLC increased its position in shares of ABB by 2.5% during the third quarter. Aperio Group LLC now owns 685,580 shares of the industrial products company’s stock worth $17,448,000 after purchasing an additional 16,425 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of ABB by 6.0% during the third quarter. Envestnet Asset Management Inc. now owns 573,999 shares of the industrial products company’s stock worth $14,608,000 after purchasing an additional 32,431 shares in the last quarter. 4.08% of the stock is currently owned by institutional investors and hedge funds.

ABB Company Profile

ABB Ltd manufactures and sells electrification, industrial automation, and robotics and motion products for customers in utilities, industry and transport, and infrastructure worldwide. Its Electrification Products segment provides electric vehicle charging infrastructure, solar power solutions, modular substation packages, distribution automation products, switchboard and panel boards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.

Further Reading: Understanding Stock Ratings

The Fly

Analyst Recommendations for ABB (NYSE:ABB)

Receive News & Ratings for ABB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABB and related companies with MarketBeat.com's FREE daily email newsletter.