ABB (NYSE:ABB)‘s stock had its “buy” rating reiterated by research analysts at Robert W. Baird in a report issued on Friday. They presently have a $29.00 price objective on the industrial products company’s stock. Robert W. Baird’s price target suggests a potential upside of 11.54% from the stock’s current price.

A number of other equities research analysts have also recently commented on ABB. Zacks Investment Research raised shares of ABB from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Wednesday. Goldman Sachs Group reissued a “buy” rating on shares of ABB in a report on Monday. Jefferies Group set a $20.00 target price on shares of ABB and gave the company a “sell” rating in a report on Tuesday, November 28th. J P Morgan Chase & Co reissued a “neutral” rating on shares of ABB in a report on Friday, November 24th. Finally, Deutsche Bank raised shares of ABB from a “hold” rating to a “buy” rating in a report on Monday, December 4th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. ABB has a consensus rating of “Hold” and an average target price of $26.00.

ABB (ABB) traded down $0.10 during trading hours on Friday, hitting $26.00. 2,438,490 shares of the company were exchanged, compared to its average volume of 1,928,745. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.37 and a quick ratio of 1.03. The company has a market cap of $56,660.00, a PE ratio of 20.88, a PEG ratio of 3.39 and a beta of 1.06. ABB has a 52 week low of $20.93 and a 52 week high of $26.48.

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

A number of hedge funds have recently modified their holdings of the business. Fisher Asset Management LLC raised its holdings in ABB by 4.5% during the 3rd quarter. Fisher Asset Management LLC now owns 8,658,635 shares of the industrial products company’s stock valued at $214,301,000 after acquiring an additional 376,777 shares during the period. Northern Trust Corp grew its position in shares of ABB by 1.3% during the 2nd 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 in the last quarter. Macquarie Group Ltd. grew its position in shares of ABB by 1.1% during the 3rd quarter. Macquarie Group Ltd. now owns 3,877,508 shares of the industrial products company’s stock valued at $95,968,000 after purchasing an additional 40,514 shares in the last quarter. Schafer Cullen Capital Management Inc. grew its position in shares of ABB by 2.0% during the 2nd 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of ABB by 14.3% during the 2nd 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 in the last quarter. 4.76% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/12/15/abb-abb-rating-reiterated-by-robert-w-baird.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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABB and related companies with MarketBeat.com's FREE daily email newsletter.