ABB (NYSE:ABB) Earns Sell Rating from JPMorgan Chase & Co.


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

A number of other equities analysts also recently issued reports on the company. TheStreet downgraded ABB from a “b” rating to a “c+” rating in a research note on Monday, October 26th. Kepler Capital Markets reiterated a “buy” rating on shares of ABB in a research note on Sunday, October 25th. Morgan Stanley restated an “underweight” rating on shares of ABB in a research note on Monday, October 26th. UBS Group restated a “buy” rating on shares of ABB in a research note on Friday, November 20th. Finally, BidaskClub upgraded ABB from a “hold” rating to a “buy” rating in a research note on Saturday, January 9th. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. ABB currently has a consensus rating of “Hold” and a consensus price target of $22.00.

Shares of ABB opened at $30.27 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 1.13. The stock has a 50-day moving average of $27.70 and a 200-day moving average of $26.17. The company has a market cap of $65.63 billion, a PE ratio of 11.55, a P/E/G ratio of 4.09 and a beta of 1.05. ABB has a one year low of $14.71 and a one year high of $30.52.

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

Several large investors have recently bought and sold shares of the stock. Sowell Financial Services LLC raised its holdings in shares of ABB by 3.1% in the 4th quarter. Sowell Financial Services LLC now owns 18,033 shares of the industrial products company’s stock worth $504,000 after purchasing an additional 545 shares during the period. Mountain Capital Investment Advisors Inc raised its holdings in shares of ABB by 6.3% in the 4th quarter. Mountain Capital Investment Advisors Inc now owns 13,982 shares of the industrial products company’s stock worth $420,000 after purchasing an additional 828 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in shares of ABB by 15.2% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 29,561 shares of the industrial products company’s stock worth $752,000 after purchasing an additional 3,891 shares during the period. Brinker Capital Investments LLC bought a new stake in shares of ABB in the 3rd quarter worth approximately $3,684,000. Finally, Front Row Advisors LLC raised its holdings in shares of ABB by 829,300.0% in the 3rd quarter. Front Row Advisors LLC now owns 82,940 shares of the industrial products company’s stock worth $2,206,000 after purchasing an additional 82,930 shares during the period. 4.08% of the stock is currently owned by institutional investors.

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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