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.

ABB (NYSE:ABB) last announced its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. ABB had a net margin of 6.79% and a return on equity of 18.65%. The company had revenue of $8.72 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same quarter in the previous year, the business earned $0.32 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. sell-side analysts expect that ABB will post 1.24 earnings per share for the current fiscal year.

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.

TRADEMARK VIOLATION WARNING: “ABB Ltd (ABB) Receives Consensus Recommendation of “Hold” from Analysts” was originally reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/12/01/abb-ltd-abb-receives-consensus-recommendation-of-hold-from-analysts.html.

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)

Receive News & Ratings for ABB Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABB Ltd and related companies with MarketBeat.com's FREE daily email newsletter.