ABB (NYSE:ABB) was upgraded by equities researchers at Deutsche Bank from a “hold” rating to a “buy” rating in a report released on Monday, The Fly reports.

ABB has been the topic of a number of other research reports. Goldman Sachs Group reissued a “buy” rating on shares of ABB in a report on Monday, November 6th. Zacks Investment Research cut shares of ABB from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Robert W. Baird reissued a “buy” rating and issued a $29.00 target price on shares of ABB in a report on Wednesday, October 4th. Jefferies Group set a $20.00 target price on shares of ABB and gave the stock a “sell” rating in a report on Tuesday, November 28th. Finally, J P Morgan Chase & Co reissued a “neutral” rating on shares of ABB in a report on Friday, November 24th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $24.50.

ABB (NYSE ABB) opened at $25.66 on Monday. 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 twelve month low of $20.54 and a twelve month high of $26.48. The stock has a market cap of $55,634.68, a PE ratio of 20.53, a price-to-earnings-growth ratio of 3.34 and a beta of 1.05.

ABB (NYSE:ABB) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $8.72 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same quarter last year, the company posted $0.32 earnings per share. ABB’s revenue was up 5.7% on a year-over-year basis. equities analysts expect that ABB will post 1.24 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. Kernodle & Katon Asset Management Group LLC acquired a new stake in shares of ABB in the third quarter valued at approximately $102,000. Financial Architects Inc increased its stake in shares of ABB by 2,404.2% in the second quarter. Financial Architects Inc now owns 4,182 shares of the industrial products company’s stock valued at $104,000 after purchasing an additional 4,015 shares during the period. Ledyard National Bank increased its stake in shares of ABB by 3.6% in the second quarter. Ledyard National Bank now owns 4,350 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 150 shares during the period. Bank of Nova Scotia Trust Co. acquired a new stake in shares of ABB in the third quarter valued at approximately $113,000. Finally, First Interstate Bank increased its stake in shares of ABB by 40.1% in the second quarter. First Interstate Bank now owns 6,065 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 1,735 shares during the period. Institutional investors own 4.76% of the company’s stock.

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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.

The Fly

Analyst Recommendations for ABB (NYSE:ABB)

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