ABB stock: buy or sell?
July 15th, 2019
Should I buy ABB stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, ABB stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is ABB stock a buy?
Financial institutions and banks post stock ratings everyday.At Stocks2.com, we collected 9 ratings published for ABB stock in the last month. The general sentiment of these ratings is bearish for ABB stock, with 5 negative ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-9||JPMorgan Chase & Co.||n/a||Sell|
|2019-6-17||JPMorgan Chase & Co.||n/a||Sell|
|2019-5-3||Royal Bank of Canada||n/a||Hold|
|2019-4-8||JPMorgan Chase & Co.||n/a||Sell|
|2019-1-8||Bank of America||Neutral||Buy|
|2019-1-15||Royal Bank of Canada||n/a||Sector Perform|
ABB stock analysis
Shares of ABB ended today at $18.98 and gained a slightly good 0.37%.
ABB closed today at $18.98 and gained a slightly good 0.37%. For the last 7 days when ABB stock price broke down the SMA200d line, it slid $-0.46 per share (-2.37%). Since last April when SMA50d and SMA100d crossed up, ABB price gained $0.26 per share (1.39%).
Shares of ABB stayed steady a slightly good 0.37% this week. By mid June ABB rocketed a phenomenal 5.33% in just one week.
If you observe the weekly chart, price is in a simple uptrend, tested $18.57 level and now climbing back aiming its last top at $20.27. This week ABB price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since last week when SMA20w and SMA40w crossed up, ABB price slipped $-0.46 per share (-2.37%).
ABB stock price history
ABB IPO was on April 6th, 2001 at $9.15 per share1. Since then, ABB stock grew a 107.40%, with a yearly average of 6.00%. If you had invested right after ABB's IPO a $1,000 in ABB stock in 2001, it would worth $1,074.00 today.
1: Adjusted price after possible price splits or reverse-splits.
ABB stock historical price chart
ABB stock reached 52-week highs on September at $23.50, and all-time highs 2018-01-24 with a price of 26.57.
ABB stock price target is $21.00How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. You should not follow the analysts' ABB stock price predictions in the hope that they will be met as they may be wrong and not met. Currently, only 1 price prediction for ABB stock was posted in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-5-3||Royal Bank of Canada||Reiterates||n/a||$21.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, ABB failed to meet the expectations of the experts and posted a hair-raising EPS of $0.30 per share when experts were expecting $0.40.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw a brilliant gain of 9.79% to $27,662.00 million USD. On the other hand, its profit margin (compared to revenues) stayed stable to 7.86%, that is $2,173.00 million.
|2013||$38,740 M||-||$2,620 M6.8%||-|
|2014||$39,830 M||2.81%||$2,594 M6.5%||-0.99%|
|2015||$35,481 M||-10.92%||$1,933 M5.4%||-25.48%|
|2016||$33,828 M||-4.66%||$1,899 M5.6%||-1.76%|
|2017||$25,196 M||-25.52%||$2,213 M8.8%||16.54%|
|2018||$27,662 M||9.79%||$2,173 M7.9%||-1.81%|
Quarterly financial resultsABB reported $889.00 million in revenues for 2018-Q4, a -90.40% less compared to previous quarter. Reported quarter income marked $317.00 M with a profit margin of 35.66%. Profit margin climbed a 29.14% compared to previous quarter when profit margin was 6.51%. When comparing revenues to same quarter last year, ABB sales marked a scary drop down and plummed a -90.42%.
|2017-Q2||$8,260 M||-||$516 M6.2%||-|
|2017-Q3||$8,370 M||1.33%||$555 M6.6%||7.55%|
|2017-Q4||$9,280 M||10.87%||$393 M4.2%||-29.14%|
|2018-Q1||$8,627 M||-7.04%||$572 M6.6%||45.55%|
|2018-Q2||$8,889 M||3.04%||$681 M7.7%||19.06%|
|2018-Q3||$9,257 M||4.14%||$603 M6.5%||-11.45%|
|2018-Q4||$889 M||-90.40%||$317 M35.7%||-47.43%|
|2019-Q1||$6,847 M||670.19%||$535 M7.8%||68.77%|
ABB ownershipWhen you are planning to invest in shares of a company, it's always worth to review its ownership structure.
ABB shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.00% of all shares.
In case of ABB stock, 4.45% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for ABB stock account 0.00%, no big difference from last month.
For a better context understanding, the following table shows ownership data compared to other related stocks:
|Market cap||$40.4 B||$40.4 B||$89.6 B||$130.7 B||$49.3 B|
|Total shares||2,130.0 M||615.0 M||8,720.0 M||746.9 M||325.8 M|
|Float shares||1,780.0 M||611.0 M||8,710.0 M||695.7 M||322.6 M|
|- Institutional holdings (%)||4.5%||74.2%||58.6%||77.1%||79.7%|
|- Insider holdings (%)||0.0%||0.6%||0.2%||0.4%||0.2%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Monday, July 15th, 2019|
|Day range||$18.92 - $19.01|
|Average true range||$0.27|
|50d mov avg||$19.15|
|100d mov avg||$19.03|
|200d mov avg||$19.15|
ABB performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We chose Emerson Electric, General Electric, Honeywell International, Illinois Tool Works and United Technologies as the bechmarking frame for ABB stock.
|ITWIllinois Tool Wor...||-2.50%||17.86%||8.45%|
ABB competitorsOne check before trading any stock is to have a look a list of its competitors, in this case for ABB. We chose 5 companies as ABB competitors as they are in the same industry or have similar market objectives.
- Emerson Electric (EMR)
- General Electric (GE)
- Honeywell International (HON)
- Illinois Tool Works (ITW)
- United Technologies (UTX)
Latest ABB stock news
- Seeking AlphaWith Power Grids Out Of The Picture, Is Electrification Next To Go At ABB?April 23, 2019
- Seeking AlphaThe Sale Of Power Grids Creates Immediate Value For ABB ShareholdersDecember 17, 2018
- Seeking AlphaFor ABB, It's About Cycle, Self-Improvement, And SentimentOctober 8, 2018
- Seeking AlphaGrowth Is Picking Up At ABB, With Book-To-Bill Indicating It Will Not Slow Down SoonAugust 13, 2018
- Seeking AlphaWill Two Straight Good Quarters Mark A Turn For ABB?July 20, 2018