Morgan Stanley Reiterates “Hold” Rating for ABB (ABB)

ABB (NYSE:ABB)‘s stock had its “hold” rating reaffirmed by equities researchers at Morgan Stanley in a research report issued on Thursday.

Several other brokerages have also issued reports on ABB. JPMorgan Chase & Co. restated a “neutral” rating on shares of ABB in a report on Monday, July 9th. Zacks Investment Research lowered shares of ABB from a “buy” rating to a “hold” rating in a report on Monday, October 1st. ValuEngine upgraded shares of ABB from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. Citigroup upgraded shares of ABB from a “neutral” rating to a “buy” rating in a report on Tuesday, September 4th. Finally, Jefferies Financial Group upgraded shares of ABB from an “underperform” rating to a “hold” rating and set a $23.00 price objective on the stock in a report on Wednesday, July 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. ABB has a consensus rating of “Hold” and an average target price of $25.67.

Shares of ABB stock opened at $19.51 on Thursday. The stock has a market cap of $44.87 billion, a PE ratio of 15.61, a PEG ratio of 2.19 and a beta of 1.19. ABB has a twelve month low of $19.23 and a twelve month high of $28.67. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.85 and a current ratio of 1.15.



ABB (NYSE:ABB) last issued its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.04). The company had revenue of $9.26 billion during the quarter, compared to analysts’ expectations of $9.46 billion. ABB had a net margin of 6.24% and a return on equity of 19.94%. As a group, analysts forecast that ABB will post 1.4 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Fisher Asset Management LLC increased its stake in ABB by 4.4% during the third quarter. Fisher Asset Management LLC now owns 10,714,586 shares of the industrial products company’s stock worth $253,186,000 after purchasing an additional 449,437 shares during the period. Bank of America Corp DE increased its stake in ABB by 5.3% during the second quarter. Bank of America Corp DE now owns 7,626,928 shares of the industrial products company’s stock worth $166,038,000 after purchasing an additional 383,395 shares during the period. Boston Partners increased its stake in ABB by 5.3% during the second quarter. Boston Partners now owns 7,380,465 shares of the industrial products company’s stock worth $160,673,000 after purchasing an additional 370,034 shares during the period. Northern Trust Corp increased its stake in ABB by 3.9% during the second quarter. Northern Trust Corp now owns 5,964,429 shares of the industrial products company’s stock worth $129,846,000 after purchasing an additional 226,466 shares during the period. Finally, BlackRock Inc. increased its stake in ABB by 1.0% during the first quarter. BlackRock Inc. now owns 3,808,310 shares of the industrial products company’s stock worth $90,409,000 after purchasing an additional 39,560 shares during the period. Hedge funds and other institutional investors own 5.31% of the company’s stock.

ABB Company Profile

ABB Ltd manufactures and sells electrification, robotics and motion, industrial automation, and power grid products worldwide. Its Electrification Products segment provides modular substation packages, distribution automation products, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.

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Analyst Recommendations for ABB (NYSE:ABB)

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