ABB Ltd. (ABB) Updates Q4 Earnings Guidance
ABB Ltd. (NYSE:ABB) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of ~$0.23 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.41, AnalystRatings.NET reports.
A number of research firms have recently commented on ABB. Analysts at Morgan Stanley upgraded shares of ABB to an overweight rating in a research note to investors on Thursday, January 16th. On a related note, 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 equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $24.45.
ABB Ltd. (NYSE:ABB) traded down 3.86% during mid-day trading on Wednesday, hitting $25.65. The stock had a trading volume of 1,192,070 shares. ABB Ltd. has a 1-year low of $20.65 and a 1-year high of $27.25. The stock’s 50-day moving average is $25.73 and its 200-day moving average is $24.00. The company has a market cap of $58.913 billion and a P/E ratio of 21.36.
ABB Ltd (NYSE:ABB) provides power and automation technologies for its utility and industrial customers.
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