Kepler Capital Markets reaffirmed their buy rating on shares of ABB (NYSE:ABB) in a report released on Wednesday.

A number of other equities analysts also recently commented on ABB. Morgan Stanley reiterated a hold rating on shares of ABB in a research report on Wednesday, December 5th. JPMorgan Chase & Co. downgraded ABB from a neutral rating to an underweight rating and set a $20.36 price objective on the stock. in a research report on Sunday, December 9th. Zacks Investment Research upgraded ABB from a sell rating to a hold rating in a research report on Tuesday, October 16th. ValuEngine raised ABB from a sell rating to a hold rating in a research note on Wednesday, August 29th. Finally, Societe Generale reissued a buy rating on shares of ABB in a research note on Thursday, October 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $24.34.

Shares of ABB stock opened at $19.40 on Wednesday. ABB has a one year low of $18.74 and a one year high of $28.67. The company has a market cap of $41.49 billion, a P/E ratio of 15.52, a P/E/G ratio of 2.03 and a beta of 1.27. The company has a current ratio of 1.18, a quick ratio of 0.86 and a debt-to-equity ratio of 0.45.

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

A number of hedge funds have recently bought and sold shares of ABB. Baird Financial Group Inc. acquired a new stake in ABB during the third quarter worth $62,258,000. JPMorgan Chase & Co. increased its stake in ABB by 296.4% during the third quarter. JPMorgan Chase & Co. now owns 1,230,680 shares of the industrial products company’s stock worth $29,081,000 after acquiring an additional 920,247 shares during the last quarter. Bank of New York Mellon Corp increased its stake in ABB by 2,682.6% during the third quarter. Bank of New York Mellon Corp now owns 773,750 shares of the industrial products company’s stock worth $18,284,000 after acquiring an additional 745,943 shares during the last quarter. Jane Street Group LLC increased its stake in ABB by 3,382.5% during the third quarter. Jane Street Group LLC now owns 626,848 shares of the industrial products company’s stock worth $14,812,000 after acquiring an additional 608,848 shares during the last quarter. Finally, Clearbridge Investments LLC increased its stake in ABB by 14,142.2% during the third quarter. Clearbridge Investments LLC now owns 591,050 shares of the industrial products company’s stock worth $13,967,000 after acquiring an additional 586,900 shares during the last quarter. 4.87% of the stock is owned by institutional investors.

ABB Company Profile

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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Analyst Recommendations for ABB (NYSE:ABB)

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