ABB Ltd (ABB) Receives Consensus Recommendation of “Hold” from Analysts
ABB Ltd (NYSE:ABB) has been given an average recommendation of “Hold” by the fifteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $24.50.
A number of equities research analysts have commented on the stock. Jefferies Group set a $20.00 price target on shares of ABB and gave the stock a “sell” rating in a report on Tuesday. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of ABB in a research note on Friday, November 24th. Goldman Sachs Group reaffirmed a “buy” rating on shares of ABB in a research note on Monday, November 6th. Zacks Investment Research lowered shares of ABB from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Finally, Robert W. Baird reissued a “buy” rating and set a $29.00 price target on shares of ABB in a research report on Wednesday, October 4th.
ABB (ABB) opened at $25.74 on Friday. ABB has a fifty-two week low of $20.26 and a fifty-two week high of $26.48. The stock has a market cap of $56,003.26, a price-to-earnings ratio of 20.66, a PEG ratio of 3.36 and a beta of 1.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.37 and a quick ratio of 1.03.
Several large investors have recently modified their holdings of ABB. Bank of Nova Scotia Trust Co. bought a new stake in shares of ABB during the third quarter worth $113,000. Cubist Systematic Strategies LLC grew its position in shares of ABB by 296.7% in the second quarter. Cubist Systematic Strategies LLC now owns 4,800 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 3,590 shares during the period. Mountain Capital Investment Advisors Inc purchased a new stake in shares of ABB in the second quarter valued at $120,000. IFP Advisors Inc grew its position in shares of ABB by 71.0% in the second quarter. IFP Advisors Inc now owns 6,552 shares of the industrial products company’s stock valued at $163,000 after purchasing an additional 2,721 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of ABB in the third quarter worth about $184,000. Hedge funds and other institutional investors own 4.76% of the company’s stock.
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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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