ABB (ABB) Rating Reiterated by JPMorgan Chase & Co.

ABB (NYSE:ABB)‘s stock had its “hold” rating restated by stock analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday.

A number of other equities research analysts have also weighed in on the company. DNB Markets initiated coverage on ABB in a research report on Monday, September 3rd. They issued a “buy” rating on the stock. Citigroup upgraded ABB from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 4th. Zacks Investment Research upgraded ABB from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Wednesday, September 19th. Societe Generale upgraded ABB from a “hold” rating to a “buy” rating in a research report on Thursday, September 13th. Finally, ValuEngine lowered ABB from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. ABB presently has an average rating of “Hold” and a consensus target price of $25.67.

Shares of ABB stock opened at $19.81 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.86 and a current ratio of 1.18. The company has a market capitalization of $41.72 billion, a price-to-earnings ratio of 15.85, a P/E/G ratio of 2.04 and a beta of 1.19. ABB has a one year low of $19.08 and a one year high of $28.67.



ABB (NYSE:ABB) last issued its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.04). The business had revenue of $9.26 billion during the quarter, compared to the consensus estimate of $9.46 billion. ABB had a return on equity of 19.99% and a net margin of 6.24%. As a group, equities analysts expect that ABB will post 1.4 EPS for the current fiscal year.

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

About ABB

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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