Goldman Sachs analyst Daniela Costa maintained a Hold rating on ABB Ltd today and set a price target of CHF56.00. The company’s shares closed yesterday at CHF58.37.
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According to TipRanks, Costa is a 5-star analyst with an average return of 10.3% and a 63.60% success rate. Costa covers the Industrials sector, focusing on stocks such as CNH Industrial, Nexans, and Sandvik AB.
In addition to Goldman Sachs, ABB Ltd also received a Hold from J.P. Morgan’s Phil Buller in a report issued yesterday. However, today, Barclays maintained a Sell rating on ABB Ltd (LSE: 0NX2).
Based on ABB Ltd’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of CHF8.9 billion and a net profit of CHF1.15 billion. In comparison, last year the company earned a revenue of CHF8.24 billion and had a net profit of CHF1.1 billion
Based on the recent corporate insider activity of 41 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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