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ABB Ltd (ABB)
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RBC's analyst has raised his rating from Neutral to Buy. The target price has been raised from CHF 30 to CHF 41.
RBC upgrades Swiss industrial group
$ABB to "outperform" from "sector perform", seeing the company better positioned to capture value in the electrification of transport and automation of industries
** The broker expects a weak Q4, with strong orders but low sales, however it deems it a "buying opportunity" as ABB "should emerge stronger from the supply-chain crisis than others"
** CEO's Nordic management approach and the divestment of noncore businesses - even when they generate excess returns - are working out well for the organisation, the broker notes
It also raises PT by 36.67% to EUR 41, pointing to an improved growth profile following 2021/22 divestments
** "We have now reached a level of confidence that we could not muster with ABB over the past years," it adds
** Out of 27 analysts that cover Abb , 13 rate the stock "strong buy" or "buy", 11 rate it "hold" and three rate the stock "strong sell" or "sell"
$ABB still has about 2B left over for share repurchases till March 22…. That will help the price to stay stable if not push it up another 15-20%
Barclays raises target price to CHF 36 from CHF 33
Exciting times this coming year for ABB in the United States!!!
"ABB Joins U.S. Transportation Secretary Buttigieg and White House National Climate Advisor McCarthy to Showcase Future of Electrified Mobility"
United States Article | Cary, North Carolina, United States | 2021-10-27
Is all the HVDC & HVAC manufacturing for use in long range ABB projects under the ownership & profit of ABB? Are they the largest manufacturer of these electrical transmission cables?
ABB.. about ready to break their 52-week high in a few days... The Euro coming back In the next 6 months to a year.
As part of its new Sustainability Strategy and its ambition to enable a low-carbon society, ABB has committed to partner with its customers and suppliers to reduce their emissions and to achieve carbon neutrality in its own operations by 2030!!!!
On December 7, 2021 ABB will hold its Capital Markets Day in Zurich, Switzer- land, highlighting the topic of sustainable transport.
At the event, Björn Rosengren, CEO and Timo Ihamuotila, CFO, will provide an update on the strategic and financial development of ABB. In addition, representatives from all business areas will discuss ABB’s customer offering and position in the sector of sustainable transport. This includes both electrical and hydrogen transport solutions for various customer segments.
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ABB reached an all time high at 39.06
look at that pop today. love these new floor production helpers. and it only makes sense that ev charging would be in their wheelhouse. go ABB! older than the exchanges itself and making real differences
With the growing need for robots, EV charging, and everything ABB does this is a growth stock that should really blossom in the coming years.
Lightning eMotors $ZEV and $ABB has signed a partnership to offer DC fast electric vehicle chargers for commercial electric fleet vehicles.
ABB’s high-output 20 kW to 350 kW DC fast chargers will be available via Lightning Energy, a division of Colorado’s Lightning eMotors.
Since entering the e-mobility market in 2010, ABB has sold more than 400,000 electric vehicle chargers across more than 85 markets including more than 20,000 DC fast chargers and 380,000 AC chargers.
$ABB has bought Spanish robot maker ASTI Mobile Robotics Group in the Swiss engineering company's latest move to diversify its robotics business beyond its traditional automotive base.
ABB's robotics business has been targeting other industrial sectors amid a downturn in the auto sector, its biggest customer.
It announced on Tuesday the acquisition of ASTI, which makes autonomous mobile robots (AMRs), which can freely move around factory floors at up to 2 metres per second without following pre-installed tracks.
It gave no financial terms.
ASTI's robots can tow and move boxes, and deliver components with payloads up to 2,000 kg.
"AMRs are the ultimate, flexible robots," said Sami Atiya, president of ABB's Robotics & Discrete Automation business. "They are enabling the factory of the future."
"With the rise of e-commerce and 24-hour delivery from logistics centres there are many businesses which simply would not be able to operate without these machines," ASTI CEO Veronica Pascual Boe told Reuters.
Customers include Nestle , L'Oreal and Procter & Gamble .
The global AMR market is growing at around 20% per year, according to ABB, and is expected to reach $14 billion by 2025.
"Our goal is to exceed the market growth," Atiya said, adding further ABB acquisitions in robotics were possible.
ABB, which competes with Japan's FANUC and Germany's Kuka in the robots market, said it used ASTI's robots at its own factories before it decided to buy the privately held company.
ASTI employs 300 and has seen sales grow 30% per year since 2015. The company targets sales of around $50 million this year.
HSBC analyst Sean McLoughlin upgraded $ABB to Buy from Hold with a price target of CHF 35, up from CHF 27 as part of a broader research note on European Capital Goods sector.
up 4% in pre-market. Love this long term and dividends not bad while waiting. One of the top robot makers in the world and robots are the future. Hard to find this kind of potential growth that's paying a decent dividend. Recommend to all retirees for income and long term investors for growth.
This company has created a nice foundation which to build on.
With the acquisition of the GE Industrial Solutions and putting Maryrose Sylvester in charge of US Operations.
Maryrose has been involved with reorganizing Harley Davidson and and blew Wall Street away with profits up 67% in October of this last year.
US Manufacturing is growing and now the company has the access into the US Market that it needs.
The sell of their Power Grid to Hitachi was a great move to generate cash and to realign with what they are good at.
From a strategic point, ABB is a portfolio of the future. From a quantitative view, ABB's forward EV/EBITDA around 12x looks like a very reasonable price for a company that leads the future of energy and automation.
The green energy push and continued move to electric cars will support huge revenue growth for ABB as their expertise in charging stations is demanded by countries across the world. Between electric car charging stations, electric grid expertise and a worldwide leader in automation, ABB seems to be the holy trinity of modern economic outlook and investment. The dividend is icing on the cake so you get paid while you watch the stock appreciate. This company runs with the precision of a Swiss watch. No wonder since the company itself is Swiss and a leader in its field.
$ABB announced it has separated the E-mobility business into its own division
and initiated a carve out into a separate legal structure. These steps will allow for preparation for a possible public listing and create a platform for accelerated growth and value creation in this business.
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