ABB (NYSE:ABB) Earns Buy Rating from Kepler Capital Markets

Kepler Capital Markets reaffirmed their buy rating on shares of ABB (NYSE:ABB) in a research note issued to investors on Sunday, AnalystRatings.com reports.

ABB has been the subject of several other research reports. Zacks Investment Research upgraded shares of ABB from a sell rating to a hold rating and set a $26.00 price target for the company in a report on Tuesday, July 7th. Berenberg Bank began coverage on shares of ABB in a report on Thursday, August 20th. They set a sell rating for the company. Deutsche Bank Aktiengesellschaft restated a hold rating on shares of ABB in a report on Thursday, July 23rd. Royal Bank of Canada restated a sector perform rating on shares of ABB in a report on Friday, July 24th. Finally, TheStreet upgraded shares of ABB from a c+ rating to a b rating in a report on Thursday, September 3rd. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $22.00.

NYSE:ABB opened at $26.41 on Friday. The firm’s 50 day simple moving average is $26.00 and its 200 day simple moving average is $22.72. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.19 and a quick ratio of 1.00. ABB has a one year low of $14.71 and a one year high of $27.04. The company has a market cap of $57.26 billion, a PE ratio of 36.68, a P/E/G ratio of 5.35 and a beta of 1.06.

ABB (NYSE:ABB) last released its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.12. ABB had a net margin of 5.83% and a return on equity of 18.45%. The firm had revenue of $6.15 billion during the quarter. Equities research analysts expect that ABB will post 0.81 EPS for the current year.

A number of hedge funds have recently made changes to their positions in ABB. Fisher Asset Management LLC increased its stake in ABB by 5.4% during the 2nd quarter. Fisher Asset Management LLC now owns 14,094,504 shares of the industrial products company’s stock valued at $317,972,000 after purchasing an additional 716,182 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in ABB by 57.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,313,760 shares of the industrial products company’s stock valued at $29,638,000 after purchasing an additional 480,175 shares in the last quarter. Baker Avenue Asset Management LP bought a new stake in ABB during the 2nd quarter valued at $10,521,000. Baird Financial Group Inc. increased its stake in ABB by 43.3% during the 2nd quarter. Baird Financial Group Inc. now owns 1,205,499 shares of the industrial products company’s stock valued at $29,039,000 after purchasing an additional 363,973 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in ABB by 5.2% during the 2nd quarter. Bank of America Corp DE now owns 5,469,386 shares of the industrial products company’s stock valued at $123,389,000 after purchasing an additional 267,939 shares in the last quarter. Institutional investors and hedge funds own 3.66% of the company’s stock.

About ABB

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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