ABB Ltd (NYSE:ABB) reached a new 52-week low during trading on Friday . The company traded as low as $20.89 and last traded at $21.01, with a volume of 75120 shares. The stock had previously closed at $21.21.
A number of research firms recently commented on ABB. Zacks Investment Research raised ABB from a “sell” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. reiterated a “hold” rating on shares of ABB in a research report on Thursday. ValuEngine upgraded ABB from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. Jefferies Financial Group upgraded ABB from an “underperform” rating to a “hold” rating and set a $23.00 price target for the company in a research report on Wednesday, July 11th. Finally, Societe Generale upgraded ABB from a “hold” rating to a “buy” rating in a research report on Thursday, September 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $25.67.
The company has a quick ratio of 0.85, a current ratio of 1.15 and a debt-to-equity ratio of 0.47. The stock has a market cap of $45.70 billion, a price-to-earnings ratio of 16.97, a P/E/G ratio of 2.20 and a beta of 1.19.
Institutional investors have recently bought and sold shares of the company. NEXT Financial Group Inc purchased a new stake in shares of ABB in the third quarter valued at approximately $100,000. Summit Trail Advisors LLC increased its position in shares of ABB by 3,057.8% in the first quarter. Summit Trail Advisors LLC now owns 125,489 shares of the industrial products company’s stock valued at $125,000 after buying an additional 121,515 shares in the last quarter. Mount Yale Investment Advisors LLC purchased a new stake in shares of ABB in the first quarter valued at approximately $143,000. Northwestern Mutual Wealth Management Co. increased its position in shares of ABB by 182.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,170 shares of the industrial products company’s stock valued at $221,000 after buying an additional 6,566 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of ABB in the first quarter valued at approximately $238,000. Institutional investors and hedge funds own 5.30% of the company’s stock.
About ABB (NYSE: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.
Featured Article: Dollar Cost Averaging
Receive News & Ratings for ABB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABB and related companies with MarketBeat.com's FREE daily email newsletter.