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ABB Ltd (NYSE:ABB - Get Rating) - Equities research analysts at Jefferies Financial Group issued their Q3 2022 earnings per share estimates for shares of ABB in a research report issued to clients and investors on Wednesday, September 7th. Jefferies Financial Group analyst S. Toennessen anticipates that the industrial products company will post earnings of $0.33 per share for the quarter. The consensus estimate for ABB's current full-year earnings is $1.37 per share. Jefferies Financial Group also issued estimates for ABB's FY2024 earnings at $1.59 EPS.

Several other equities analysts also recently weighed in on the company. StockNews.com downgraded ABB from a "strong-buy" rating to a "buy" rating in a research report on Monday. Citigroup downgraded ABB from a "buy" rating to a "neutral" rating in a research report on Monday, July 11th. Stifel Nicolaus began coverage on ABB in a research report on Thursday, June 30th. They issued a "buy" rating for the company. UBS Group dropped their target price on ABB from CHF 37 to CHF 35 in a research report on Friday, July 22nd. Finally, Bank of America cut ABB from a "buy" rating to a "neutral" rating in a research note on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, ABB has an average rating of "Hold" and an average price target of $33.03.ABB Stock Performance

NYSE ABB opened at $27.93 on Friday. The company has a market cap of $54.88 billion, a P/E ratio of 12.93, a P/E/G ratio of 3.23 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. The stock has a 50-day moving average of $28.43 and a two-hundred day moving average of $30.04. ABB has a 1-year low of $25.80 and a 1-year high of $39.11.

Institutional Investors Weigh In On ABB

Several institutional investors have recently added to or reduced their stakes in ABB. Clearstead Advisors LLC lifted its stake in ABB by 82.2% during the fourth quarter. Clearstead Advisors LLC now owns 665 shares of the industrial products company's stock worth $25,000 after purchasing an additional 300 shares during the last quarter. Trustcore Financial Services LLC lifted its stake in ABB by 66.5% during the second quarter. Trustcore Financial Services LLC now owns 941 shares of the industrial products company's stock worth $25,000 after purchasing an additional 376 shares during the last quarter. First Horizon Advisors Inc. increased its position in ABB by 166.4% during the first 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 period. Ronald Blue Trust Inc. acquired a new position in ABB during the second quarter worth approximately $29,000. Finally, San Luis Wealth Advisors LLC acquired a new position in ABB during the first quarter worth approximately $31,000. Hedge funds and other institutional investors own 5.41% 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)Oil and Gas Stocks: A Safe Way to Invest in Renewable EnergyAre These Green Energy Companies Right For Your Portfolio?When Will the Hangover Finally Be Over for Seagate Technology?Does Enphase Energy Have the Juice to Keep Powering Higher? The One Hydrogen Fuel Cell Stock To Rule Them All 

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