ABB Ltd (NYSE:ABB) has earned an average recommendation of “Hold” from the seventeen analysts that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $19.00.

A number of research firms have issued reports on ABB. ValuEngine cut ABB from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Royal Bank of Canada restated a “hold” rating and set a $21.00 price target on shares of ABB in a report on Friday, May 3rd. Zacks Investment Research cut ABB from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. restated a “sell” rating on shares of ABB in a report on Monday, April 8th. Finally, Berenberg Bank restated a “sell” rating on shares of ABB in a report on Tuesday, March 19th.

Several institutional investors have recently bought and sold shares of ABB. Deutsche Bank AG lifted its holdings in shares of ABB by 133.3% in the 4th quarter. Deutsche Bank AG now owns 329,738 shares of the industrial products company’s stock worth $6,267,000 after purchasing an additional 188,378 shares in the last quarter. Ledyard National Bank lifted its holdings in shares of ABB by 107.2% in the 1st quarter. Ledyard National Bank now owns 595,165 shares of the industrial products company’s stock worth $11,231,000 after purchasing an additional 307,877 shares in the last quarter. Capital Investment Advisory Services LLC lifted its holdings in shares of ABB by 12,755.6% in the 1st quarter. Capital Investment Advisory Services LLC now owns 5,785 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 5,740 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in shares of ABB by 146.1% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 642,130 shares of the industrial products company’s stock worth $12,117,000 after purchasing an additional 381,170 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of ABB by 2,682.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 773,750 shares of the industrial products company’s stock worth $18,284,000 after purchasing an additional 745,943 shares in the last quarter. Hedge funds and other institutional investors own 4.59% of the company’s stock.

NYSE:ABB opened at $18.69 on Friday. The company has a market cap of $40.01 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 2.73 and a beta of 1.09. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 0.98. ABB has a fifty-two week low of $18.05 and a fifty-two week high of $24.72.

ABB (NYSE:ABB) last released its earnings results on Wednesday, April 17th. The industrial products company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.06. The business had revenue of $6.85 billion during the quarter, compared to the consensus estimate of $6.82 billion. ABB had a net margin of 6.59% and a return on equity of 19.31%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 EPS. On average, sell-side analysts expect that ABB will post 1 EPS for the current year.

About ABB

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.

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Analyst Recommendations for ABB (NYSE:ABB)

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