ABB Ltd (OTCMKTS:ABBNY) Receives Average Rating of “Hold” from Analysts

ABB Ltd (OTCMKTS:ABBNY) has received a consensus rating of “Hold” from the thirteen analysts that are covering the stock, MarketBeat.com reports. Ten research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company.

Several analysts have issued reports on ABBNY shares. Citigroup reaffirmed a “neutral” rating on shares of ABB in a research report on Thursday, June 18th. Royal Bank Of Canada restated a “sector perform” rating on shares of ABB in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ABB in a report on Tuesday, September 22nd. TD Cowen reissued a “hold” rating on shares of ABB in a research report on Tuesday, June 30th. Finally, Zacks Research upgraded shares of ABB from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 18th.

Hedge Funds Weigh In On ABB

An institutional investor recently bought a new stake in ABB stock. North Star Asset Management Inc. purchased a new position in shares of ABB Ltd (OTCMKTS:ABBNY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,205 shares of the industrial products company’s stock, valued at approximately $240,000. Hedge funds and other institutional investors own 1.06% of the company’s stock.

ABB Trading Down 2.9%

ABBNY opened at $96.20 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.43 and a debt-to-equity ratio of 0.40. The stock’s fifty day moving average is $98.33 and its two-hundred day moving average is $98.82. The company has a market capitalization of $175.39 billion, a P/E ratio of 34.73, a PEG ratio of 1.32 and a beta of 1.35. ABB has a 52 week low of $67.24 and a 52 week high of $110.20.

ABB (OTCMKTS:ABBNY) last announced its quarterly earnings results on Thursday, July 16th. The industrial products company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.13). The firm had revenue of $9.47 billion for the quarter, compared to analysts’ expectations of $9.34 billion. ABB had a net margin of 13.86% and a return on equity of 31.25%. Analysts forecast that ABB will post 3.84 earnings per share for the current year.

About ABB

ABB Ltd. is a Switzerland-based global technology company that develops electrification, automation and motion solutions for industrial, commercial and utility customers. Its products and systems help organizations improve energy efficiency, operational productivity, reliability and sustainability across a range of applications.

The company’s business activities include electrical distribution and control equipment, low- and medium-voltage products, industrial drives, motors, power-conversion systems, robotics and machine-automation technologies.