ABB Ltd. Sets New 1-Year High at $26.74 (ABB)
ABB (NYSE:ABB) set a new 52-week high during trading on Thursday, Analyst Ratings News reports. The stock traded as high as $26.74 and last traded at $26.73, with a volume of 1,807,734 shares. The stock had previously closed at $26.31.
A number of analysts have recently weighed in on ABB shares. Analysts at Morgan Stanley upgraded shares of ABB to an “overweight” rating in a research note to investors on Thursday. Separately, analysts at Helvea raised their price target on shares of ABB from $24.50 to $25.00 in a research note to investors on Tuesday, October 29th. They now have a “buy” rating on the stock. Finally, analysts at UBS AG downgraded shares of ABB from a “buy” rating to a “neutral” rating in a research note to investors on Friday, October 25th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.45.
ABB has a one year low of $20.65 and a one year high of $26.63. The stock’s 50-day moving average is $25.63 and its 200-day moving average is $23.88. The company has a market cap of $61.352 billion and a price-to-earnings ratio of 21.06.
ABB (NYSE:ABB) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.02. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.25 billion. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 8.1% 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.