Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ABB in the last twelve months. There are currently 3 sell ratings, 3 hold ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ABBNY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ABBNY, but not buy additional shares or sell existing shares. ABB stock price forecast is supported by positive macro indicators, with PMI growth in key markets boosting industrial demand. Charts show a tightening wedge pattern that may resolve higher.
