News headlines about ABB (NYSE:ABB) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ABB earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.5061153444388 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- Investors Are Circling ABB Ltd (ABB), What Do the Numbers Tell Us? – Sparta Review (spartareview.com)
- Zacks Industry Outlook Highlights: ABB, Illinois Tool Works, Parker-Hannifin, Ingersoll-Rand (finance.yahoo.com)
- Babcock (BW) & ABB (NYSE:ABB) Head-To-Head Comparison (americanbankingnews.com)
- Running on Empty or is ABB Ltd (ABB) Refueling? – Evergreen Caller (evergreencaller.com)
- Smart Grid Sensors Market Estimated to Rise at 30.3% CAGR by 2025 (sbwire.com)
A number of equities research analysts have commented on ABB shares. Morgan Stanley reissued a “buy” rating on shares of ABB in a report on Tuesday, April 18th. BidaskClub downgraded ABB from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research raised ABB from a “sell” rating to a “hold” rating and set a $28.00 target price for the company in a report on Monday, June 12th. BNP Paribas downgraded ABB from an “outperform” rating to a “neutral” rating in a report on Tuesday, May 23rd. Finally, Robert W. Baird reissued an “outperform” rating and issued a $28.00 target price (up previously from $27.00) on shares of ABB in a report on Friday, June 16th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. ABB has an average rating of “Hold” and an average price target of $24.25.
ABB (NYSE:ABB) traded down 0.21% on Wednesday, hitting $23.26. The stock had a trading volume of 982,490 shares. The company has a market cap of $49.64 billion, a PE ratio of 22.41 and a beta of 1.06. The stock has a 50-day moving average of $24.57 and a 200-day moving average of $23.91. ABB has a one year low of $20.26 and a one year high of $25.83.
ABB (NYSE:ABB) last announced its earnings results on Thursday, July 20th. The industrial products company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by $0.03. ABB had a net margin of 6.87% and a return on equity of 18.62%. The company had revenue of $8.45 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same period in the prior year, the company earned $0.35 earnings per share. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. Equities analysts expect that ABB will post $1.25 earnings per share for the current fiscal year.
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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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