Several analysts have recently updated their ratings and price targets for ABB (NYSE: ABB):

  • 8/1/2017 – ABB was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/24/2017 – ABB had its “sell” rating reaffirmed by analysts at UBS AG.
  • 7/24/2017 – ABB was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/21/2017 – ABB was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating.
  • 6/22/2017 – ABB had its “buy” rating reaffirmed by analysts at Morgan Stanley.
  • 6/21/2017 – ABB was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Over the past six months, ABB’s shares have outperformed the Zacks classified Machinery Electric industry’s average return. ABB has been benefiting from investments made in the upgrade of power infrastructure and its focus on reduction of energy intensity across all end-markets. ABB is in the third stage of its revamped “Next Level Strategy” and believes this will help it to expand digital potential, increase momentum in operational excellence and boost brand value. However, on the flip side, volatility in oil & gas markets and uncertainty in the process industries remain major headwinds for ABB. Also, lower capital spending in ABB’s key upstream energy end-markets and escalating geopolitical tension might hurt its prospects. . This apart, ABB will have to contend with escalating geopolitical tension triggered by the Brexit referendum and weakness in key end markets. “
  • 6/16/2017 – ABB had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $28.00 price target on the stock, up previously from $27.00.
  • 6/13/2017 – ABB had its “buy” rating reaffirmed by analysts at Morgan Stanley.
  • 6/12/2017 – ABB was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $28.00 price target on the stock. According to Zacks, “Tough macroeconomic and geopolitical conditions have been plaguing ABB in recent times. Going forward, volatility in oil & gas markets and uncertainty in the process industries will likely be major headwinds for ABB. Also, lower capital spending in ABB’s key upstream energy end-markets will hurt its prospects. On the positive side, ABB has a robust earnings surprise history over the trailing four quarters, having beaten estimates all through. Also, year to date, ABB’s shares have outperformed the Zacks classified Machinery Electric industry’s average return. The third stage of ABB’s revamped “Next Level Strategy” will help unlock ABB’s full digital potential, increasing momentum in operational excellence and boosting the company’s brand. ABB is also benefiting from steady revenues, diligent cost-saving initiatives and improved efficiency from restructuring.”

Shares of ABB Ltd (NYSE:ABB) traded down 1.89% on Thursday, reaching $22.82. 1,610,265 shares of the company were exchanged. The stock has a market capitalization of $48.70 billion, a price-to-earnings ratio of 21.98 and a beta of 1.06. The firm’s 50 day moving average price is $24.40 and its 200 day moving average price is $23.94. ABB Ltd has a 52 week low of $20.26 and a 52 week high of $25.83.

ABB (NYSE:ABB) last released its earnings results on Thursday, July 20th. The industrial products company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $8.45 billion during the quarter, compared to analyst estimates of $8.55 billion. ABB had a return on equity of 18.62% and a net margin of 6.87%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the business earned $0.35 earnings per share. Equities research analysts anticipate that ABB Ltd will post $1.25 EPS for the current year.

ABB Ltd (ABB) is a holding company. The Company’s segments include Electrification Products, Robotics and Motion, Industrial Automation, Power Grids, and Corporate and Other. It operates through four divisions: Electrification Products, Robotics and Motion, Industrial Automation and Power Grids. It is engaged in serving customers in utilities, industry and transport and infrastructure.

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