Jefferies Group Analysts Give ABB (ABB) a $20.00 Price Target
ABB has been the topic of several other research reports. Goldman Sachs Group restated a buy rating on shares of ABB in a research note on Monday, November 6th. J P Morgan Chase & Co reissued a neutral rating on shares of ABB in a research report on Friday, November 24th. Robert W. Baird reissued a buy rating and issued a $29.00 price objective on shares of ABB in a research report on Wednesday, October 4th. Zacks Investment Research lowered shares of ABB from a hold rating to a sell rating in a research report on Tuesday, October 10th. Finally, BidaskClub downgraded shares of ABB from a buy rating to a hold rating in a report on Tuesday, August 1st. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $24.50.
Shares of ABB (ABB) opened at $25.74 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.37 and a debt-to-equity ratio of 0.48. ABB has a 12 month low of $20.26 and a 12 month high of $26.48. The company has a market capitalization of $56,003.26, a price-to-earnings ratio of 20.66, a PEG ratio of 3.36 and a beta of 1.06.
ABB (NYSE:ABB) last announced its earnings results on Thursday, October 26th. The industrial products company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.04. The firm had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $8.55 billion. ABB had a return on equity of 18.65% and a net margin of 6.79%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 EPS. equities research analysts anticipate that ABB will post 1.24 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Nova Scotia Trust Co. acquired a new stake in shares of ABB during the 3rd quarter valued at about $113,000. Cubist Systematic Strategies LLC boosted its holdings in ABB by 296.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 4,800 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 3,590 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in shares of ABB in the 2nd quarter worth about $120,000. Huntington National Bank raised its stake in ABB by 40.3% in the 2nd quarter. Huntington National Bank now owns 5,484 shares of the industrial products company’s stock valued at $137,000 after acquiring an additional 1,575 shares during the period. Finally, IFP Advisors Inc raised its stake in ABB by 71.0% in the 2nd quarter. IFP Advisors Inc now owns 6,552 shares of the industrial products company’s stock valued at $163,000 after acquiring an additional 2,721 shares during the period. 4.76% of the stock is owned by institutional investors.
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.
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