Robert W. Baird reissued their buy rating on shares of ABB (NYSE:ABB) in a research report sent to investors on Friday morning. They currently have a $29.00 price objective on the industrial products company’s stock.

Other analysts also recently issued reports about the company. Zacks Investment Research raised ABB from a hold rating to a buy rating and set a $29.00 target price for the company in a report on Wednesday, December 13th. Goldman Sachs Group reissued a buy rating on shares of ABB in a report on Monday, December 11th. Deutsche Bank raised ABB from a hold rating to a buy rating in a report on Monday, December 4th. J P Morgan Chase & Co reissued a neutral rating on shares of ABB in a report on Friday, November 24th. Finally, Jefferies Group set a $20.00 target price on ABB and gave the company a sell rating in a report on Tuesday, November 28th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. ABB currently has an average rating of Hold and a consensus target price of $26.00.

Shares of ABB (ABB) opened at $26.43 on Friday. ABB has a fifty-two week low of $20.98 and a fifty-two week high of $26.56. 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 firm has a market capitalization of $56,371.85, a PE ratio of 20.80, a PEG ratio of 3.38 and a beta of 1.05.

ABB (NYSE:ABB) last posted its earnings results on Thursday, October 26th. The industrial products company reported $0.34 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $8.55 billion. During the same period in the previous year, the business earned $0.32 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. analysts anticipate that ABB will post 1.24 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Scotia Capital Inc. increased its position in ABB by 2.2% during the 2nd quarter. Scotia Capital Inc. now owns 14,850 shares of the industrial products company’s stock worth $370,000 after purchasing an additional 314 shares during the period. Dorsey & Whitney Trust CO LLC increased its position in ABB by 2.9% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 13,917 shares of the industrial products company’s stock worth $347,000 after purchasing an additional 392 shares during the period. Oppenheimer & Co. Inc. increased its position in ABB by 0.7% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 61,090 shares of the industrial products company’s stock worth $1,521,000 after purchasing an additional 441 shares during the period. Van Cleef Asset Management Inc increased its position in ABB by 1.4% during the 2nd quarter. Van Cleef Asset Management Inc now owns 36,099 shares of the industrial products company’s stock worth $899,000 after purchasing an additional 500 shares during the period. Finally, Sandhill Capital Partners LLC increased its position in ABB by 3.4% during the 2nd quarter. Sandhill Capital Partners LLC now owns 21,778 shares of the industrial products company’s stock worth $542,000 after purchasing an additional 721 shares during the period. Hedge funds and other institutional investors own 4.76% of the company’s stock.

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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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