ABB’s (ABB) Hold Rating Reaffirmed at Morgan Stanley

Morgan Stanley reaffirmed their hold rating on shares of ABB (NYSE:ABB) in a research note issued to investors on Wednesday.

Several other research analysts have also issued reports on ABB. JPMorgan Chase & Co. reiterated a neutral rating on shares of ABB in a research report on Thursday, August 23rd. ValuEngine raised shares of ABB from a sell rating to a hold rating in a research note on Wednesday, August 29th. DNB Markets started coverage on shares of ABB in a research note on Monday, September 3rd. They issued a buy rating for the company. Citigroup raised shares of ABB from a neutral rating to a buy rating in a research note on Tuesday, September 4th. Finally, Societe Generale raised shares of ABB from a hold rating to a buy rating in a research note on Thursday, September 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $24.34.

Shares of NYSE:ABB opened at $18.85 on Wednesday. ABB has a 52-week low of $18.77 and a 52-week high of $28.67. The firm has a market capitalization of $41.10 billion, a P/E ratio of 15.08, a P/E/G ratio of 2.01 and a beta of 1.27. The company has a quick ratio of 0.86, a current ratio of 1.18 and a debt-to-equity ratio of 0.45.

ABB (NYSE:ABB) last announced its earnings results 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). ABB had a return on equity of 19.99% and a net margin of 6.24%. The company had revenue of $9.26 billion during the quarter, compared to analysts’ expectations of $9.46 billion. Sell-side analysts predict that ABB will post 1.39 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. Dorsey & Whitney Trust CO LLC raised its stake in shares of ABB by 24.9% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 13,011 shares of the industrial products company’s stock valued at $307,000 after acquiring an additional 2,598 shares during the last quarter. Earnest Partners LLC grew its holdings in ABB by 19.1% in the third quarter. Earnest Partners LLC now owns 17,583 shares of the industrial products company’s stock worth $415,000 after purchasing an additional 2,821 shares during the period. Sterling Capital Management LLC grew its holdings in ABB by 23.4% in the second quarter. Sterling Capital Management LLC now owns 14,997 shares of the industrial products company’s stock worth $326,000 after purchasing an additional 2,844 shares during the period. Checchi Capital Advisers LLC grew its holdings in ABB by 17.1% in the second quarter. Checchi Capital Advisers LLC now owns 19,777 shares of the industrial products company’s stock worth $431,000 after purchasing an additional 2,882 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of ABB by 15.2% during the third quarter. Rockefeller Capital Management L.P. now owns 24,439 shares of the industrial products company’s stock valued at $577,000 after buying an additional 3,226 shares during the last quarter. 4.87% of the stock is owned by institutional investors and hedge funds.

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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