News coverage about ABB (NYSE:ABB) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. ABB earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.5153820324596 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Notable Traders Recap: Regal Entertainment Group, (NYSE: RGC), ABB Ltd, (NYSE: ABB), Altaba Inc., (NASDAQ … – Stocks In The News (press release) (tradingnewsnow.com)
- Why You should Invest In ABB Ltd. (NYSE:ABB) – The Oracle Examiner – The Oracle Examiner (oracleexaminer.com)
- Global Cable And Accessories Market Research Report 2017 : Nexans, ABB Ltd (openpr.com)
- Altria Group, Inc., (NYSE: MO), ABB Ltd, (NYSE … – Stocks Updates – Stocks In The News (press release) (tradingnewsnow.com)
- ABB Ltd (ABB) Hits 52-Week High – Newburgh Gazette (newburghgazette.com)
Shares of ABB (NYSE ABB) opened at $26.20 on Friday. The stock has a market capitalization of $56.57 billion, a P/E ratio of 20.87, a PEG ratio of 3.43 and a beta of 1.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.37 and a quick ratio of 1.03.
ABB (NYSE:ABB) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.04. The company had revenue of $8.72 billion for the quarter, compared to analysts’ expectations of $8.55 billion. ABB had a return on equity of 18.65% and a net margin of 6.79%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 EPS. research analysts expect that ABB will post 1.23 earnings per share for the current fiscal year.
ABB has been the topic of a number of analyst reports. Morgan Stanley cut ABB from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 21st. UBS Group AG (USA) restated a “sell” rating on shares of ABB in a research note on Monday, July 24th. BidaskClub cut ABB from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Robert W. Baird set a $28.00 price target on ABB and gave the company a “buy” rating in a research note on Thursday, August 24th. Finally, Zacks Investment Research cut ABB from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Four research analysts have rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. ABB currently has an average rating of “Hold” and a consensus price target of $23.50.
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ABB Company Profile
ABB Ltd (ABB) is a holding company. The Company’s segments include Electrification Products, Robotics and Motion, Industrial Automation, Power Grids, and Corporate and Other. It operates through four divisions: Electrification Products, Robotics and Motion, Industrial Automation and Power Grids. It is engaged in serving customers in utilities, industry and transport and infrastructure.
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