Brokerages Set ABB Ltd (OTCMKTS:ABBNY) PT at $58.00

Shares of ABB Ltd (OTCMKTS:ABBNY) have been given a consensus recommendation of “Hold” by the thirteen analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $58.00.

A number of research firms recently issued reports on ABBNY. Dnb Carnegie raised ABB from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Citigroup reaffirmed a “neutral” rating on shares of ABB in a research note on Thursday, June 18th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of ABB in a report on Wednesday, May 6th. Zacks Research cut ABB from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Barclays upgraded ABB from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th.

ABB Trading Down 1.0%

Shares of OTCMKTS:ABBNY opened at $97.29 on Friday. The firm has a fifty day moving average of $104.76 and a two-hundred day moving average of $92.97. The company has a quick ratio of 1.05, a current ratio of 1.38 and a debt-to-equity ratio of 0.43. ABB has a 12-month low of $63.77 and a 12-month high of $110.20. The firm has a market capitalization of $177.37 billion, a P/E ratio of 35.12, a price-to-earnings-growth ratio of 1.54 and a beta of 1.36.

ABB (OTCMKTS:ABBNY) last posted its quarterly earnings results on Thursday, July 16th. The industrial products company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.13). ABB had a return on equity of 31.52% and a net margin of 13.86%.The company had revenue of $9.47 billion during the quarter, compared to analyst estimates of $9.34 billion. On average, equities analysts expect that ABB will post 3.61 EPS for the current fiscal year.

About ABB

ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.