ABB Ltd. Sets New 1-Year High at $23.89 (ABB)
ABB (NYSE:ABB) set a new 52-week high on Wednesday, AnalystRatingsNetwork reports. The company traded as high as $23.89 and last traded at $23.88, with a volume of 748,684 shares. The stock had previously closed at $23.24.
A number of research firms have recently commented on ABB. Analysts at Barclays Capital downgraded shares of ABB (NYSE:ABB) from an “overweight” rating to an “equal weight” rating in a research note to investors on Thursday, September 5th. Separately, analysts at HSBC downgraded shares of ABB (NYSE:ABB) from a “neutral” rating to an “underweight” rating in a research note to investors on Thursday, August 29th. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of ABB (NYSE:ABB) from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, August 1st.
Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold”.
ABB has a one year low of $17.49 and a one year high of $23.37. The stock has a 50-day moving average of $22.36 and a 200-day moving average of $22.30. The company has a market cap of $54.957 billion and a price-to-earnings ratio of 19.14.
ABB (NYSE:ABB) last announced its earnings results on Thursday, July 25th. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.35 by $0.02. The company had revenue of $10.23 billion for the quarter, compared to the consensus estimate of $10.21 billion. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Analysts expect that ABB will post $1.44 EPS for the current fiscal year.
ABB Ltd (NYSE:ABB) provides power and automation technologies for its utility and industrial customers.
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