ABB (NYSE:ABBNY - Get Free Report) was downgraded by Sanford C. Bernstein from a "market perform" rating to an "underperform" rating in a research report issued on Monday, MarketBeat.com reports.
Other equities analysts have also issued reports about the company. Citigroup lowered ABB from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group lowered shares of ABB from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 29th.
Get Our Latest Analysis on ABBNY
ABB Stock Performance
ABB stock traded up $0.66 during midday trading on Monday, hitting $54.62. The stock had a trading volume of 203,627 shares, compared to its average volume of 235,543. ABB has a 52-week low of $40.39 and a 52-week high of $59.66. The company has a market capitalization of $101.63 billion, a PE ratio of 26.13, a P/E/G ratio of 2.74 and a beta of 1.15. The firm's fifty day moving average is $56.28 and its two-hundred day moving average is $56.00. The company has a current ratio of 1.35, a quick ratio of 0.92 and a debt-to-equity ratio of 0.45.
ABB (NYSE:ABBNY - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.04). The business had revenue of $8.15 billion during the quarter. ABB had a return on equity of 27.58% and a net margin of 11.90%. On average, research analysts forecast that ABB will post 2.16 EPS for the current year.
About ABB
(
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ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.
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