J.P. Morgan analyst Andreas Willi maintained a Sell rating on ABB Ltd (ABB) yesterday. The company’s shares opened today at $18.92, close to its 52-week low of $18.05.
Willi has an average return of 2.6% when recommending ABB Ltd.
According to TipRanks.com, Willi is ranked #2911 out of 5201 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for ABB Ltd with a $21.95 average price target.
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Based on ABB Ltd’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $536 million. In comparison, last year the company had a net profit of $575 million.
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ABB Ltd. is a holding company, which engages in the development and provision of power and automation technologies. It operates through the following business segments: Electrification Products; Robotics and Motion; Industrial Automation; Power Grids; and Corporate and Other.
