ABB Ltd (OTCMKTS:ABBNY) Given Consensus Rating of “Hold” by Analysts

ABB Ltd (OTCMKTS:ABBNY) has received an average recommendation of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $58.00.

A number of equities analysts have commented on the stock. Dnb Carnegie raised shares of ABB from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Pareto Securities raised shares of ABB from a “hold” rating to a “buy” rating in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft upgraded ABB from a “sell” rating to a “hold” rating in a research report on Thursday, April 23rd. Berenberg Bank raised ABB to a “hold” rating in a research note on Monday, June 1st. Finally, TD Cowen restated a “hold” rating on shares of ABB in a research report on Tuesday, June 30th.

ABB Stock Performance

OTCMKTS:ABBNY opened at $98.87 on Friday. The company has a market cap of $180.25 billion, a price-to-earnings ratio of 35.69, a PEG ratio of 1.50 and a beta of 1.36. ABB has a 1 year low of $63.77 and a 1 year high of $110.20. The stock’s 50 day simple moving average is $104.51 and its two-hundred day simple moving average is $93.33. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.38 and a quick ratio of 1.05.

ABB (OTCMKTS:ABBNY) last posted its earnings results on Thursday, July 16th. The industrial products company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.13). ABB had a net margin of 13.86% and a return on equity of 31.52%. The business had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $9.34 billion. As a group, equities analysts anticipate that ABB will post 3.76 earnings per share for the current fiscal year.

ABB Company Profile

ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.