ABB Ltd (OTCMKTS:ABBNY) Receives Consensus Rating of “Hold” from Analysts

Shares of ABB Ltd (OTCMKTS:ABBNY) have been assigned an average rating of “Hold” from the thirteen brokerages that are presently covering the firm, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating on the company.

ABBNY has been the subject of several recent analyst reports. Citigroup reiterated a “neutral” rating on shares of ABB in a research note on Thursday, June 18th. Zacks Research upgraded shares of ABB from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 18th. Pareto Securities raised shares of ABB from a “hold” rating to a “buy” rating in a report on Thursday, July 16th. Erste Group Bank downgraded shares of ABB from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Finally, TD Cowen reissued a “hold” rating on shares of ABB in a research note on Tuesday, June 30th.

ABB Price Performance

ABB stock opened at $99.10 on Thursday. ABB has a one year low of $67.24 and a one year high of $110.20. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 1.43. The business has a fifty day moving average of $98.13 and a two-hundred day moving average of $98.43. The company has a market cap of $180.67 billion, a P/E ratio of 35.78, a price-to-earnings-growth ratio of 1.32 and a beta of 1.35.

ABB (OTCMKTS:ABBNY) last issued its earnings results on Thursday, July 16th. The industrial products company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.13). The company had revenue of $9.47 billion for the quarter, compared to analysts’ expectations of $9.34 billion. ABB had a return on equity of 31.25% and a net margin of 13.86%. As a group, analysts predict that ABB will post 3.84 earnings per share for the current fiscal year.

Institutional Trading of ABB

An institutional investor recently bought a new position in ABB stock. North Star Asset Management Inc. bought a new stake in ABB Ltd (OTCMKTS:ABBNY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,205 shares of the industrial products company’s stock, valued at approximately $240,000. 1.06% of the stock is owned by hedge funds and other institutional investors.

About ABB

ABB Ltd. is a Switzerland-based global technology company that develops electrification, automation and motion solutions for industrial, commercial and utility customers. Its products and systems help organizations improve energy efficiency, operational productivity, reliability and sustainability across a range of applications.

The company’s business activities include electrical distribution and control equipment, low- and medium-voltage products, industrial drives, motors, power-conversion systems, robotics and machine-automation technologies.