ABB Ltd Earns “A” Credit Rating from Morningstar (ABB)
ABB Ltd (NYSE:ABB) has been given an “A” credit rating by analysts at Morningstar. The firm’s “A” rating indicates that the company is a low default risk. They also issued a neutral credit outlook for the company and gave their stock a three star rating.
ABB Ltd (NYSE:ABB) traded down 0.18% on Monday, hitting $22.77. The stock had a trading volume of 732,118 shares. ABB Ltd has a one year low of $21.50 and a one year high of $27.25. The stock’s 50-day moving average is $22. and its 200-day moving average is $24.06. The company has a market cap of $52.164 billion and a price-to-earnings ratio of 20.64.
ABB Ltd (NYSE:ABB) last announced its earnings results on Wednesday, July 23rd. The company reported $0.28 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.30 by $0.02. The company had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.27 billion. During the same quarter last year, the company posted $0.33 earnings per share. ABB Ltd’s revenue was down .3% compared to the same quarter last year. Analysts expect that ABB Ltd will post $1.27 EPS for the current fiscal year.
ABB Ltd (NYSE:ABB) is a Switzerland-based company engaged in the electrical engineering industry.
To view more credit ratings from Morningstar, visit www.morningstar.com.
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