ABB’s (ABB) Sell Rating Reiterated at JPMorgan Chase & Co.

ABB (NYSE:ABB)‘s stock had its “sell” rating reiterated by research analysts at JPMorgan Chase & Co. in a research report issued on Thursday.

Other research analysts have also issued reports about the stock. Kepler Capital Markets reaffirmed a “buy” rating on shares of ABB in a research note on Wednesday, December 12th. HSBC raised shares of ABB from a “hold” rating to a “buy” rating in a research note on Monday, December 10th. Bank of America raised shares of ABB from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 8th. TheStreet lowered shares of ABB from a “b” rating to a “c+” rating in a research note on Thursday, November 8th. Finally, Morgan Stanley reissued a “hold” rating on shares of ABB in a research note on Wednesday, December 5th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $21.84.

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NYSE ABB opened at $19.57 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.18 and a debt-to-equity ratio of 0.45. The firm has a market cap of $43.69 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 1.93 and a beta of 1.06. ABB has a 52 week low of $18.05 and a 52 week high of $24.72.

ABB (NYSE:ABB) last posted its quarterly earnings data on Thursday, February 28th. The industrial products company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.10). The firm had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $9.43 billion. ABB had a return on equity of 19.99% and a net margin of 6.24%. The firm’s quarterly revenue was down 20.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 earnings per share. Analysts predict that ABB will post 1.4 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Fisher Asset Management LLC boosted its stake in shares of ABB by 4.5% during the fourth quarter. Fisher Asset Management LLC now owns 11,193,231 shares of the industrial products company’s stock valued at $212,783,000 after purchasing an additional 478,645 shares during the period. BlackRock Inc. raised its holdings in shares of ABB by 5.1% in the fourth quarter. BlackRock Inc. now owns 4,336,724 shares of the industrial products company’s stock valued at $82,441,000 after acquiring an additional 211,015 shares in the last quarter. Baird Financial Group Inc. bought a new stake in shares of ABB in the third quarter valued at about $62,258,000. Stifel Financial Corp raised its holdings in shares of ABB by 3.6% in the fourth quarter. Stifel Financial Corp now owns 1,905,128 shares of the industrial products company’s stock valued at $36,226,000 after acquiring an additional 65,734 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of ABB by 28.3% in the fourth quarter. First Trust Advisors LP now owns 1,257,296 shares of the industrial products company’s stock valued at $23,901,000 after acquiring an additional 277,334 shares in the last quarter. 4.52% of the stock is owned by hedge funds and other institutional investors.

ABB Company Profile

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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