Bernstein Keeps Their Sell Rating on ABB Ltd (0NX2)
In a report released today, Alasdair Leslie from Bernstein maintained a Sell rating on ABB Ltd (0NX2 – Research Report), with a price target of CHF45.00. The company's shares closed last Monday at CHF27.51.
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According to TipRanks, Leslie is an analyst with an average return of -1.2% and a 43.48% success rate.
ABB Ltd has an analyst consensus of Hold, with a price target consensus of CHF46.08.
Based on ABB Ltd's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of CHF7.94 billion and a net profit of CHF1.1 billion. In comparison, last year the company earned a revenue of CHF7.87 billion and had a net profit of CHF905 million
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0NX2 in relation to earlier this year.
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