ABB Ltd (NYSE:ABB) Given Price Target Of $20.617


As per ABB Ltd (NYSE:ABB)’s news release on 2016-07-14, its shareholders will get cash dividend of $0.731 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-12 and 2016-07-20, respectively.

The stock will commence trading ex-dividend from 2016-07-08, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year ABB Ltd (NYSE:ABB) disbursed $0.731 in dividend compared to distribution of $0.731, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 72.358%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated ABB Ltd (NYSE:ABB) to attain a price target of $20.617. It is an average estimate figure given by 4 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $22. The low price range is set at $18 for next year while the arithmetic mean is seen at 2.75.

Eyeing Earnings ABB Ltd (NYSE:ABB) is likely to post quarterly numbers around 2016-10-19 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.28 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, ABB Ltd (NYSE:ABB) earnings came at $0.3 suggesting a deviation of $0.05. The brokerages targeted EPS of $0.25 for the quarter.

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