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Shares of ABB Ltd (NYSE:ABB - Get Rating) have been given a consensus recommendation of "Hold" by the sixteen analysts that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $33.03.

Several equities analysts recently issued reports on ABB shares. Morgan Stanley boosted their price target on shares of ABB from CHF 27 to CHF 27.20 in a research report on Tuesday, July 5th. Bank of America lowered ABB from a "buy" rating to a "neutral" rating in a research report on Wednesday, July 6th. UBS Group reduced their target price on shares of ABB from CHF 37 to CHF 35 in a research report on Friday, July 22nd. Citigroup cut shares of ABB from a "buy" rating to a "neutral" rating in a research report on Monday, July 11th. Finally, Stifel Nicolaus started coverage on shares of ABB in a research note on Thursday, June 30th. They set a "buy" rating for the company.ABB Stock Performance

Shares of ABB stock opened at $29.72 on Monday. The company has a quick ratio of 0.73, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average of $28.16 and a 200 day moving average of $30.64. The firm has a market capitalization of $58.39 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 3.51 and a beta of 1.10. ABB has a 52 week low of $25.80 and a 52 week high of $39.11. Institutional Trading of ABB

Institutional investors and hedge funds have recently modified their holdings of the business. Clearstead Advisors LLC boosted its stake in shares of ABB by 82.2% in the 4th quarter. Clearstead Advisors LLC now owns 665 shares of the industrial products company's stock worth $25,000 after buying an additional 300 shares during the last quarter. Trustcore Financial Services LLC boosted its stake in shares of ABB by 66.5% in the 2nd quarter. Trustcore Financial Services LLC now owns 941 shares of the industrial products company's stock worth $25,000 after buying an additional 376 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of ABB by 166.4% in the 1st quarter. First Horizon Advisors Inc. now owns 818 shares of the industrial products company's stock worth $26,000 after buying an additional 511 shares during the last quarter. Ronald Blue Trust Inc. purchased a new position in shares of ABB in the 2nd quarter worth $29,000. Finally, San Luis Wealth Advisors LLC purchased a new position in shares of ABB in the 1st quarter worth $31,000. Institutional investors own 14.37% of the company's stock. About ABB (Get Rating)

ABB Ltd engages in manufacture and sale of electrification, automation, robotics, and motion products for customers in utilities, industry and transport, and infrastructure in Switzerland and internationally. Its Electrification segment provides electric vehicle charging infrastructure, renewable power solutions, modular substation packages, distribution automation products, switchboard and panelboards, switchgear, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.Featured StoriesGet a free copy of the StockNews.com research report on ABB (ABB)2 EV Suppliers Powering To Gains After Raising Views Applied Materials Results Show A Slowing Semiconductor MarketMarketBeat: Week in Review 8/15 - 8/19Near-Term Headwinds Present An Opportunity In Ross StoresApple’s Stock Could Be On The Verge Of Another 30% Rally

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