Analyst Rating Update on ABB Ltd (ABB)

ABB Ltd (ABB) : 8 analysts are covering ABB Ltd (ABB) and their average rating on the stock is 2.75, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

ABB Ltd (ABB) : The consensus price target for ABB Ltd (ABB) is $20.62 for the short term with a standard deviation of $1.79. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $22, however, the pessimist price target for the company is $18.

Company shares have received an average consensus rating of Hold for the current week


ABB Ltd (NYSE:ABB): The stock opened at $20.95 on Wednesday but the bulls could not build on the opening and the stock topped out at $21.02 for the day. The stock traded down to $20.94 during the day, due to lack of any buying support eventually closed down at $21.00 with a loss of -0.38% for the day. The stock had closed at $21.08 on the previous day. The total traded volume was 1,250,288 shares.

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.

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