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Shares of ABB Ltd (NYSE:ABB - Get Rating) have been assigned a consensus rating of "Hold" from the sixteen brokerages that are covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $33.03.

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of ABB from a "strong-buy" rating to a "buy" rating in a report on Monday, September 5th. UBS Group lowered their price target on ABB from CHF 37 to CHF 35 in a report on Friday, July 22nd. Morgan Stanley lifted their price objective on ABB from CHF 27 to CHF 27.20 in a report on Tuesday, July 5th. Citigroup cut ABB from a "buy" rating to a "neutral" rating in a research report on Monday, July 11th. Finally, Bank of America lowered shares of ABB from a "buy" rating to a "neutral" rating in a research report on Wednesday, July 6th.Institutional Investors Weigh In On ABB

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Intersect Capital LLC lifted its holdings in ABB by 5.2% during the second quarter. Intersect Capital LLC now owns 12,165 shares of the industrial products company's stock valued at $325,000 after purchasing an additional 601 shares in the last quarter. Columbia Asset Management purchased a new position in shares of ABB during the 2nd quarter valued at $337,000. Summit Global Investments increased its stake in ABB by 57.8% in the 2nd quarter. Summit Global Investments now owns 57,284 shares of the industrial products company's stock worth $1,531,000 after buying an additional 20,988 shares in the last quarter. Captrust Financial Advisors raised its holdings in ABB by 6.3% during the second quarter. Captrust Financial Advisors now owns 10,436 shares of the industrial products company's stock valued at $279,000 after acquiring an additional 619 shares during the period. Finally, Horizons Wealth Management purchased a new position in shares of ABB in the second quarter valued at about $248,000. 5.41% of the stock is owned by hedge funds and other institutional investors. ABB Stock Down 0.3 %

ABB stock opened at $27.88 on Friday. The stock has a market capitalization of $54.78 billion, a P/E ratio of 12.91, a P/E/G ratio of 3.45 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.73. ABB has a 1-year low of $25.80 and a 1-year high of $39.11. The business has a fifty day moving average price of $28.59 and a 200-day moving average price of $29.90. 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 ArticlesGet a free copy of the StockNews.com research report on ABB (ABB)Is There a Cure for What is Ailing Teladoc Stock?No One Told These 3 Stocks It’s a Down WeekWhy Medical Products Maker Repligen May Be A Potential Buy At 10%, Is Arbor Realty Trust Dividend Worth It? Investors Should Tune Into RF Industries 

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