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ABB Share Price Target
ABB India Ltd.
Sector: Electric Equipment
Sector: Electric Equipment
ABB Share Price *
1,442.1 +1.95 (0.14%)
* (quote may be delayed)
ABB Share Price Forecast - Consensus
| No. of reports in last year | 7 |
| No. of analysts | 4 |
| Average Consensus Forecast | 1337.57 |
| Consensus Potential | -10.54% |
ABB Share Price Target - Broker Reports - 2019
Prabhudas Lilladher
30-Jul-19
Price @ Call: 1394.5
Target: 1296
REDUCE
We have reduced our consol earnings estimates by 6.3%/2.3% for CY19/20E factoring lower than expected margin in Industrial Automation & Power Grid(PG) business and slowdown in automotive sector. 2QCY19 numbers of ABB India were lower than our and street estimations, largely on the back of lower than expected revenue growth in Robotics & Motion and Industrial Automation. Management indicated sluggish offtake due to elections, weak macros being the key reasons for lower revenue growth. However, strong traction in exports partially neutralized the slowdown in the domestic market. While automotive sector has been going through slowdown, sectors like Industrial, Oil & Gas, Transportation, Pulp & paper, Education continues to witness strong traction. Base orders during the quarter were up 16% YoY, resulting 23% YoY growth in order inflow (ex-PG). PG demerger is on track, the court convened shareholders and creditors meeting on August 9, 2019. Divestment of Solar Inverter business (~7-9% of total ex- PG revenue) would be completed by 1QCY20. We maintain Reduce rating with revised SOTP based TP of Rs1296 (Residual Business Rs927 (45x CY20E) + Power Grids Rs369 (25x CY20E)).
Indiabulls Ventures
26-Jun-19
Price @ Call: 1558.9
Target: 1850
BUY
Reliance Securities
8-May-19
Price @ Call: 1465.92
Target: 1310
REDUCE
we expect CEAT’s operating performance to remain under pressure due to limited pricing power. Moreover, higher debt in B/S due to high capex over the next 2 years may prove to be major headwind for the stock in the medium-term. In view of lower volume, margin pressure, higher depreciation and interest expenses for higher debt, we cut our EPS estimates by 22%/6% for FY20E/FY21E. We expect down-cycle for automobile industry in FY21 and stock to underperform. Maintaining our P/E valuation multiple at 12.5x factoring lower return ratios on higher capex, we maintain our REDUCE recommendation on the stock with a revised Target Price of Rs875 (from Rs930 earlier), valuing it at 12.5x FY21E EPS.
Prabhudas Lilladher
8-May-19
Price @ Call: 1465.92
Target: 1320
REDUCE
We believe ABB has been successful in consolidating its position over the last few years in terms of capacity and localization and is ready to benefit from the market upturn. On the digitalization, the company continues to collaborate with customers, deploy solutions from digital portfolio and support the new era of growth through smarter, greener grids, electrification of transport and digitalizing industries for greater efficiency and productivity. We expect ABB to witness revenue/PAT CAGR of 15%/23% over next two years (CY18-20E). We maintain Reduce rating with SOTP based TP of Rs1320 (Residual Business Rs936 (45x CY20E) + Power Grids Rs384(25x CY20E)).
Prabhudas Lilladher
25-Apr-19
Price @ Call: 1484.45
Target: 1320
REDUCE
We are downgrading ABB India from Hold to Reduce given high valuations post recent run up (~19% in last three months) in stock price. ABB Ltd’s (ABB’s) CY18 annual report indicates that digitalization, automation and smart infrastructure will be company’s future growth drivers. With higher focus on the digitalization and exit of Power Grids, we expect further increase in share of high margin service income in coming years (21% of sales in CY18 v/s 12-13% earlier). The company has also reiterated its willingness and ability to expand its export business by increasing penetration in key geographies. The management remains positive on sectors like road, railways, waterways, airports, urban infrastructure (smart cities) and electric vehicles. We believe that ABB has the best combination of products and services coupled with cutting engineering technologies that can be adopted by the Indian industry. We expect ABB to witness revenue/PAT CAGR of 15%/23% over next two years (CY18-20E). The stock is currently trading at 51x/41x CY19/CY20E.
Motilal Oswal
5-Mar-19
Price @ Call: 1240.5
Target: 1020
SELL
Reliance Securities
5-Mar-19
Price @ Call: 1236.95
Target: 1247
HOLD
Changing our valuation methodology to SOTP so as to value the discontinued business separately, we downgrade our recommendation on the stock to HOLD from BUY with a revised Target Price of Rs1,247. We have valued its Power Grid business at 17x CY18 EBIT (~50% premium to the global deal multiple of 11.2x) and its continued business at 50x its CY20 earnings.
ABB Share Price Target - Broker Reports - 2018
JM Financial
3-Sep-18
Price @ Call: 1311
Target: 1500
BUY
ICICIdirect.com
23-Jul-18
Price @ Call: 1130.8
Target: 1400
BUY
KRChoksey
23-Jul-18
Price @ Call: 1130.8
Target: 1577
BUY
Edelweiss
20-Jul-18
Price @ Call: 1149.88
Target: 1550
BUY
Prabhudas Lilladher
20-Jul-18
Price @ Call: 1149.88
Target: 1415
ACCUMULATE
Motilal Oswal
20-Jul-18
Price @ Call: 1149.88
Target: 950
SELL
Prabhudas Lilladher
10-May-18
Price @ Call: 1272
Target: 1533
ACCUMULATE
Motilal Oswal
10-May-18
Price @ Call: 1272
Target: 1060
SELL
Edelweiss
10-May-18
Price @ Call: 1272
Target: 1850
BUY
Axis Direct
16-Feb-18
Price @ Call: 1528.73
Target: 1910
BUY
Prabhudas Lilladher
9-Feb-18
Price @ Call: 1590.9
Target: 1747
BUY
Motilal Oswal
9-Feb-18
Price @ Call: 1590.9
Target: 1240
SELL
Edelweiss
9-Feb-18
Price @ Call: 1590.9
Target: 1850
BUY
KRChoksey
9-Feb-18
Price @ Call: 1590.9
Target: 1823
BUY
KRChoksey
16-Jan-18
Price @ Call: 1511.8
Target: 1823
BUY
Systematix Shares & Stocks
1-Jan-18
Price @ Call: 1399.5
Target: 1900
BUY
ABB Share Price Target - Broker Reports - 2017
Reliance Securities
13-Dec-17
Price @ Call: 1368.55
Target: 1607
BUY
Reliance Securities
1-Dec-17
Price @ Call: 1394.55
Target: 1607
BUY
Reliance Securities
10-Nov-17
Price @ Call: 1350.65
Target: 1607
BUY
Axis Direct
3-Nov-17
Price @ Call: 1393.96
Target: 1690
BUY
Edelweiss
27-Oct-17
Price @ Call: 1390
Target: 1800
BUY
Motilal Oswal
26-Oct-17
Price @ Call: 1387
Target: 1230
SELL
Reliance Securities
7-Sep-17
Price @ Call: 1335.15
Target: 1607
BUY
Motilal Oswal
21-Jul-17
Price @ Call: 1454
Target: 1180
SELL
Reliance Securities
20-Jul-17
Price @ Call: 1458
Target: 1607
BUY
Edelweiss
20-Jul-17
Price @ Call: 1462
Target: 1860
BUY
Motilal Oswal
12-May-17
Price @ Call: 1538
Target: 1200
SELL
Edelweiss
9-Feb-17
Price @ Call: 1226
Target: 975
REDUCE
ABB Share Price Target - Broker Reports - 2016
Prabhudas Lilladher
28-Oct-16
Price @ Call: 1063
Target: 1249
ACCUMULATE
YES Securities
28-Oct-16
Price @ Call: 1063
Target: 1194
NEUTRAL