ABB (ABB) Receiving Somewhat Positive News Coverage, Analysis Shows
Headlines about ABB (NYSE:ABB) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. ABB earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.1924652211871 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Collaborative Robots Market: Projection of Each Major Segment over the Forecast Period (sbwire.com)
- Worldwide Top Robotics Market Segment by Manufacturers – ABB Ltd. (Switzerland) KUKA AG (Germany) (mynewsdesk.com)
- Variable Frequency Drive Market – Growth, Share, Opportunities & Competitive Analysis, 2016 to 2024 – Credence Research (abnewswire.com)
- Low Voltage Drives Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2022 (finance.yahoo.com)
- Analysts Set Expectations for ABB Ltd’s FY2017 Earnings (ABB) (americanbankingnews.com)
Several equities analysts have issued reports on ABB shares. Morgan Stanley restated a “buy” rating on shares of ABB in a research note on Thursday, June 22nd. UBS AG restated a “sell” rating on shares of ABB in a research note on Monday, July 24th. BidaskClub cut shares of ABB from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Robert W. Baird set a $28.00 target price on shares of ABB and gave the company a “buy” rating in a research note on Thursday, August 24th. Finally, Zacks Investment Research cut shares of ABB from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. ABB has a consensus rating of “Hold” and an average price target of $23.50.
ABB (ABB) opened at 24.97 on Tuesday. The stock has a 50 day moving average of $24.39 and a 200 day moving average of $24.27. ABB has a 52 week low of $20.26 and a 52 week high of $25.83. The company has a market cap of $54.14 billion, a PE ratio of 24.06 and a beta of 1.06.
ABB (NYSE:ABB) last issued its earnings results on Thursday, July 20th. The industrial products company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.03). The firm had revenue of $8.45 billion during the quarter, compared to analysts’ expectations of $8.55 billion. ABB had a net margin of 6.87% and a return on equity of 18.62%. ABB’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS. Equities research analysts predict that ABB will post $1.22 EPS for the current fiscal year.
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ABB Company Profile
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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