ABB Ltd (NYSE:ABB) has received an average recommendation of “Hold” from the fifteen analysts that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $23.00.

ABB has been the topic of a number of research analyst reports. BNP Paribas lowered shares of ABB from an “outperform” rating to a “neutral” rating in a report on Tuesday, May 23rd. Citigroup Inc. reissued a “sell” rating on shares of ABB in a report on Friday, June 9th. Zacks Investment Research raised shares of ABB from a “sell” rating to a “hold” rating and set a $28.00 price objective on the stock in a report on Monday, June 12th. Morgan Stanley reissued a “buy” rating on shares of ABB in a report on Tuesday, June 13th. Finally, Robert W. Baird reissued an “outperform” rating and set a $28.00 price objective (up from $27.00) on shares of ABB in a report on Friday, June 16th.

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ABB (NYSE:ABB) opened at 24.43 on Friday. ABB has a 12-month low of $20.26 and a 12-month high of $25.83. The company has a market capitalization of $52.13 billion, a PE ratio of 23.54 and a beta of 1.07. The stock’s 50 day moving average price is $23.40 and its 200 day moving average price is $23.98.

ABB (NYSE:ABB) last announced its quarterly earnings data on Thursday, July 20th. The industrial products company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). The company had revenue of $8.45 billion for the quarter, compared to analysts’ expectations of $8.55 billion. ABB had a net margin of 6.87% and a return on equity of 18.62%. ABB’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the firm earned $0.35 earnings per share. On average, equities analysts anticipate that ABB will post $1.25 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its position in ABB by 93.8% during the first quarter. Wellington Management Group LLP now owns 20,250,046 shares of the industrial products company’s stock valued at $473,851,000 after purchasing an additional 9,801,313 shares during the period. Fisher Asset Management LLC lifted its position in ABB by 1,084.0% during the second quarter. Fisher Asset Management LLC now owns 8,281,858 shares of the industrial products company’s stock valued at $206,218,000 after purchasing an additional 7,582,360 shares during the period. Northern Trust Corp lifted its position in ABB by 1.3% during the second quarter. Northern Trust Corp now owns 4,514,363 shares of the industrial products company’s stock valued at $112,408,000 after purchasing an additional 59,101 shares during the period. Schafer Cullen Capital Management Inc. lifted its position in ABB by 2.0% during the second quarter. Schafer Cullen Capital Management Inc. now owns 3,686,628 shares of the industrial products company’s stock valued at $91,797,000 after purchasing an additional 73,112 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in ABB by 14.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,458,598 shares of the industrial products company’s stock valued at $86,119,000 after purchasing an additional 432,665 shares during the period. Institutional investors own 4.43% of the company’s stock.

About ABB

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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