ABB Ltd (ABB) Earns “Sell” Rating from UBS AG

UBS AG restated their sell rating on shares of ABB Ltd (NYSE:ABB) in a research note released on Monday, July 24th, www.boersen-zeitung.de reports.

A number of other brokerages have also weighed in on ABB. Morgan Stanley restated a buy rating on shares of ABB in a research note on Tuesday, April 18th. Jefferies Group LLC reiterated a sell rating and issued a $18.00 target price on shares of ABB in a research report on Tuesday, April 4th. Zacks Investment Research lowered ABB from a hold rating to a sell rating in a research report on Friday, April 21st. Citigroup Inc. reiterated a sell rating on shares of ABB in a research report on Friday, June 9th. Finally, BNP Paribas lowered ABB from an outperform rating to a neutral rating in a research report on Tuesday, May 23rd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $24.25.

ABB (NYSE:ABB) opened at 23.39 on Monday. The company’s 50 day moving average is $24.71 and its 200-day moving average is $23.92. ABB has a 52-week low of $20.26 and a 52-week high of $25.83. The company has a market capitalization of $49.91 billion, a price-to-earnings ratio of 22.53 and a beta of 1.06.

ABB (NYSE:ABB) last issued its quarterly earnings results on Thursday, July 20th. The industrial products company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.03. ABB had a return on equity of 18.62% and a net margin of 6.87%. The business had revenue of $8.45 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. ABB’s revenue was down 2.6% on a year-over-year basis. Equities analysts anticipate that ABB will post $1.25 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Financial Architects Inc increased its position in ABB by 2,404.2% in the second quarter. Financial Architects Inc now owns 4,182 shares of the industrial products company’s stock valued at $104,000 after buying an additional 4,015 shares in the last quarter. Ledyard National Bank boosted its stake in shares of ABB by 3.6% in the second quarter. Ledyard National Bank now owns 4,350 shares of the industrial products company’s stock valued at $108,000 after buying an additional 150 shares during the last quarter. Huntington National Bank boosted its stake in shares of ABB by 40.3% in the second quarter. Huntington National Bank now owns 5,484 shares of the industrial products company’s stock valued at $137,000 after buying an additional 1,575 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of ABB by 71.0% in the second quarter. IFP Advisors Inc now owns 6,552 shares of the industrial products company’s stock valued at $163,000 after buying an additional 2,721 shares during the last quarter. Finally, Wellington Shields & Co. LLC bought a new stake in shares of ABB during the second quarter valued at about $207,000. 4.05% of the stock is owned by hedge funds and other institutional investors.

About ABB

ABB Ltd (ABB) is a holding company. The Company’s segments include Electrification Products, Robotics and Motion, Industrial Automation, Power Grids, and Corporate and Other. It operates through four divisions: Electrification Products, Robotics and Motion, Industrial Automation and Power Grids. It is engaged in serving customers in utilities, industry and transport and infrastructure.