How Does Wall Street Rate Shares Of ABB Ltd (ABB)?

ABB Ltd (NYSE:ABB) saw an upside of 1.32% to close Tuesday at $33.03 after adding $0.43 on the day. The 5-day average trading volume is 1,286,160 shares of the company’s common stock. It has gained $33.43 in the past week. An average of 1,391,275 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,232,814.

ABB’s 1-month performance is -10.10% or -$3.58 on its low of $32.43 reached on 10/06/21. The company’s shares have touched a 52-week low of $24.07 and high of $38.03, with the stock’s rally to the 52-week high happening on 08/24/21. YTD, ABB has achieved 18.13% or $5.07. However, the current price is down -13.15%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 37.55 and a low of 9.248. ABB stock has a beta of 1.10. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.43 while the price-to-book (PB) in the most recent quarter is 4.78, with the price to cash flow ratio at 68.70.

ABB Ltd pays an annual dividend of $0.51 per share. Its dividend yield is 1.54% and the payout ratio is 30.30%. ABB’s most recent quarterly dividend payment was made on May. 15, when it paid $0.85 a share compared with prior rate of $0.8261, up 2.81% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend increase of $0.0239 reported on Friday March 26 2021. Measured over the last 3 years, the Dividend has been growing by 8.21% yearly.

It is projected that ABB Ltd’s next ex-dividend date will be on 18-Apr. ABB is expected to distribute $0.846 as its next dividend.

ABB Ltd’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 1.10 meaning that ABB stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.31, while the total debt to equity was 0.47. In terms of profitability, the gross margin trailing 12 months is 31.70%. while for the period ending June 29; ABB Ltd’s operating margin was 8.50%. The firm’s gross profit as reported stood at $7.88 billion against revenue of $26.13 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, ABB Ltd’s cash and short-term investments amounted to $2.11 billion against total debt of $7.51 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ABB to announce $0.35 per share in earnings in its latest quarter, but it posted $0.38, representing a 8.60% surprise. EBITDA for the quarter stood at more than $1.32 billion. ABB stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 25.16 billion, with total debt at $7.51 billion

Technical Picture

Let’s look briefly at ABB Ltd (ABB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 34.73% to suggest the stock is trending Neutral, with historical volatility in this time period at 13.83%.

The stock’s 5-day moving average is $32.94, reflecting a +0.21% or $0.07 change from its current price. ABB is currently trading -10.27% above its 20-day SMA, -0.90% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -9.33% and +19.46% respectively.

Stochastic %K and %D was 13.43% and 15.04% and the average true range (ATR) pointed at 0.52. The RSI (14) points at 33.18%, while the 14-day stochastic is at 17.39% with the period’s ATR at 0.52. The stock’s 9-day MACD Oscillator is pointing at -0.13 and -0.65 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for ABB Ltd (NYSE: ABB), Deutsche Bank upgraded it to a Hold rating. They previously had a Sell rating on the stock. Analysts offering their rating for ABB stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate ABB as a “sell,”, while 15 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 9 have offered a “buy” rating.

What is ABB’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $27.22 and a high of $51.73, with their median price target at $37.00. Looking at these predictions, the average price target given by analysts is for ABB Ltd (ABB) stock is $36.93.

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