ABB Ltd (NYSE: ABB) is -9.71% lower on its value in year-to-date trading and has touched a low of $14.71 and a high of $25.30 in the current 52-week trading range. The ABB stock was last observed hovering at around $21.98 in the last trading session, with the day’s loss setting it -0.23% off its average median price target of $20.67 for the next 12 months. It is also 19.8% off the consensus price target high of $27.12 offered by 29 analysts, but current levels are -46.27% lower than the price target low of $14.87 for the same period.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
Currently trading at $21.75, the stock is 3.46% and 13.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.78 million and changing -1.05% at the moment leaves the stock 4.93% off its SMA200. ABB registered 10.18% gain for a year compared to 6-month loss of -9.22%. The firm has a 50-day simple moving average (SMA 50) of $19.85 and a 200-day simple moving average (SMA200) of $20.84.
The stock witnessed a 12.00% gain in the last 1 month and extending the period to 3 months gives it a 23.23%, and is 1.78% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.60% over the week and 1.98% over the month.
ABB Ltd (ABB) has around 144400 employees, a market worth around $47.50B and $27.35B in sales. Current P/E ratio is 47.91 and Fwd P/E is 21.79. Profit margin for the company is 4.70%. Distance from 52-week low is 47.86% and -14.03% from its 52-week high. The company has generated returns on investments over the last 12 months (5.20%).
ABB Ltd (ABB) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for ABB Ltd (ABB) is a “Hold”. 29 analysts offering their recommendations for the stock have an average rating of 2.50, where 14 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 4 analysts have rated the stock as a Sell or Underperform.
ABB Ltd is expected to release its quarterly report on 07/22/2020 and quarterly earnings per share for the current quarter are estimated at $0.09 with sales reaching $5.53B over the same period.The EPS is expected to shrink by -27.90% this year, but quarterly earnings will post -11.40% year-over-year. Quarterly sales are estimated to shrink -22.90% in year-over-year returns.
ABB Ltd (ABB) Top Institutional Holders
398 institutions hold shares in ABB Ltd (ABB), with institutional investors hold 4.38% of the company’s shares. The shares outstanding are 2.13B, and float is at 1.91B with Short Float at 0.08%. Institutions hold 4.38% of the Float.
The top institutional shareholder in the company is Fisher Asset Management, LLC with over 13.38 million shares valued at $230.91 million. The investor’s holdings represent 0.62% of the ABB Shares outstanding. As of Mar 30, 2020, the second largest holder is Lazard Asset Management LLC with 6.09 million shares valued at $105.16 million to account for 0.28% of the shares outstanding. The other top investors are Northern Trust Corporation which holds 5.52 million shares representing 0.25% and valued at over $95.33 million, while Bank of America Corporation holds 0.24% of the shares totaling 5.2 million with a market value of $89.78 million.
ABB Ltd (ABB): Who are the competitors?
The company’s main competitors (and peers) include Emerson Electric Co. (EMR) that is trading -8.67% down over the past 12 months. Honeywell International Inc. (HON) is -20.46% down on the 1-year trading charts. Short interest in the company’s stock has risen 13.82% from the last report on Apr 29, 2020 to stand at a total of 1.31 million short shares sold with a short interest ratio of 1.04.