Citigroup Inc. Reiterates CHF 21 Price Target for ABB Ltd. (ABBN)

It also reduced Walt Disney Company (The) Cmn (NYSE:DIS) stake by 4,225 shares and now owns 105,230 shares.

Other analysts have also issued reports about the stock. Portland Global Advisors LLC now owns 79,915 shares of the industrial products company's stock worth $1,870,000 after buying an additional 235 shares during the period. Finally, Shelton Capital Management increased its position in shares of ABB by 118.5% in the fourth quarter. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Hamlin Capital Management LLC boosted its position in ABB by 7.0% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the industrial products company's stock worth $638,000 after buying an additional 100 shares during the last quarter. Bank of The West bought a new stake in shares of ABB during the first quarter worth approximately $444,000. Mondrian Investment Partners LTD now owns 2,109,380 shares of the industrial products company's stock worth $49,359,000 after buying an additional 295,796 shares during the last quarter. Folketrygdfondet now owns 1,977,278 shares of the industrial products company's stock worth $46,268,000 after buying an additional 695,986 shares during the last quarter. 794,158 shares of the stock traded hands. ABB has a one year low of CHK 18.59 and a one year high of CHK 24.89. The stock has a market capitalization of $53.94 billion, a price-to-earnings ratio of 25.49 and a beta of 1.08. The stock's 50 day moving average price is $25.14 and its 200-day moving average price is $23.42. ABB had a net margin of 6.47% and a return on equity of 18.92%. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.77 billion. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The firm's quarterly revenue was down.6% on a year-over-year basis. On average, equities analysts anticipate that ABB Ltd will post $1.21 EPS for the current fiscal year.

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Several brokerages have recently commented on ABB. The stock of ABB Ltd (ADR) (NYSE:ABB) has "Overweight" rating given on Monday, December 12 by Morgan Stanley. Zacks Investment Research downgraded ABB from a "buy" rating to a "hold" rating in a research report on Wednesday, June 21st. Berenberg Bank set a CHF 21 price objective on shares of ABB and gave the company a "sell" rating in a research report on Tuesday, June 6th. Finally, Jefferies Group LLC reaffirmed a "sell" rating and set a $18.00 price objective on shares of ABB in a research report on Tuesday, April 4th.

Morgan Stanley set a CHF 25 price target on ABB Ltd. (VTX:ABBN) in a report released on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. ABB now has an average rating of "Hold" and a consensus price target of $24.25.