ABB Ltd (NYSE:ABB) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.75 by 8 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 7 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm JP Morgan upgrades its rating on ABB Ltd (NYSE:ABB). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Underweight by the brokerage firm. The rating by the firm was issued on April 20, 2016.
ABB Ltd (NYSE:ABB): The mean short term price target for ABB Ltd (NYSE:ABB) has been established at $20.52 per share. The higher price target estimate is at $22 and the lower price target estimate is expected at $18 according to 4 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $1.74
ABB Ltd (NYSE:ABB) rose 1.62% or 0.34 points on Tuesday and made its way into the gainers of the day. After trading began at $21.2 the stock was seen hitting $21.36 as a peak level and $21.07 as the lowest level. The stock ended up at $21.29. The daily volume was measured at 1,651,108 shares. The 52-week high of the share price is $22.62 and the 52-week low is $15.74. The company has a market cap of $46,074 million.
Shares of ABB Ltd. rose by 5.5% in the last five trading days and 4.67% for the last 4 weeks. ABB Ltd. is up 10.65% in the last 3-month period. Year-to-Date the stock performance stands at 20.08%.
ABB Ltd (ABB) is engaged in power and automation technologies. The Company manages its business -based on five divisions: Discrete Automation and Motion, Low Voltage Products, Process Automation, Power Products and Power Systems. The Discrete Automation and Motion division provides low-voltage and medium-voltage drive products and systems for industrial, commercial and residential applications. The Process Automation division provides engineered solutions, products and services for process control, safety, instrumentation, plant electrification and energy management. The Power Products division offers a portfolio of products and services to facilitate power generation, transmission and distribution. The Power Systems division offers solutions for power and water plants, grid integration and automation, as well as a range of systems and services for the generation, transmission and distribution of electricity. The Company operates in approximately 100 countries.