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

ABB (NYSE:ABB)‘s stock had its “sell” rating reissued by investment analysts at JPMorgan Chase & Co. in a research report issued on Tuesday, Borsen Zeitung reports.

A number of other equities research analysts have also recently commented on ABB. Credit Suisse Group assumed coverage on ABB in a research note on Friday, December 18th. They set a “neutral” rating for the company. TheStreet cut ABB from a “b” rating to a “c+” rating in a research note on Monday, October 26th. Deutsche Bank Aktiengesellschaft cut ABB from a “hold” rating to a “sell” rating in a research note on Friday, November 20th. UBS Group reissued a “buy” rating on shares of ABB in a research note on Friday, November 20th. Finally, BidaskClub raised ABB from a “hold” rating to a “buy” rating in a research note on Saturday, January 9th. Six investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. ABB presently has an average rating of “Hold” and an average target price of $22.00.

Shares of ABB stock opened at $30.27 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.42 and a debt-to-equity ratio of 0.37. ABB has a 12 month low of $14.71 and a 12 month high of $30.52. The business has a fifty day simple moving average of $27.70 and a 200 day simple moving average of $26.17. The stock has a market cap of $65.63 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 4.09 and a beta of 1.05.

ABB (NYSE:ABB) last announced its quarterly earnings data on Friday, October 23rd. The industrial products company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. ABB had a return on equity of 15.47% and a net margin of 21.33%. The business had revenue of $6.58 billion during the quarter, compared to analysts’ expectations of $6.29 billion. During the same period in the previous year, the firm earned $0.33 earnings per share. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. Analysts expect that ABB will post 0.81 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of ABB. Bank of New York Mellon Corp boosted its position in shares of ABB by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 207,680 shares of the industrial products company’s stock worth $4,685,000 after buying an additional 2,184 shares during the period. RMR Wealth Builders bought a new stake in ABB during the second quarter worth about $25,000. Stephens Inc. AR bought a new stake in ABB during the second quarter worth about $861,000. Bangor Savings Bank raised its holdings in ABB by 8.4% during the third quarter. Bangor Savings Bank now owns 17,728 shares of the industrial products company’s stock worth $451,000 after acquiring an additional 1,374 shares in the last quarter. Finally, Moody National Bank Trust Division raised its holdings in ABB by 4.7% during the third quarter. Moody National Bank Trust Division now owns 33,501 shares of the industrial products company’s stock worth $853,000 after acquiring an additional 1,500 shares in the last quarter. 4.08% of the stock is owned by institutional investors.

ABB Company Profile

ABB Ltd manufactures and sells electrification, industrial automation, and robotics and motion products for customers in utilities, industry and transport, and infrastructure worldwide. Its Electrification Products segment provides electric vehicle charging infrastructure, solar power solutions, modular substation packages, distribution automation products, switchboard and panel boards, switchgears, UPS solutions, 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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