ABB (NYSE:ABB) Earning Somewhat Favorable Press Coverage, Analysis Finds

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News coverage about ABB (NYSE:ABB) has trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. ABB earned a news sentiment score of 1.80 on their scale. InfoTrie also gave media headlines about the industrial products company an news buzz score of 0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news headlines that may have impacted ABB’s ranking:

ABB has been the topic of several recent research reports. Deutsche Bank reaffirmed a “hold” rating on shares of ABB in a report on Wednesday, April 29th. ValuEngine raised shares of ABB from a “sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Barclays reaffirmed a “buy” rating on shares of ABB in a report on Monday, March 9th. Vertical Research lowered shares of ABB from a “hold” rating to a “sell” rating and set a $14.00 target price on the stock. in a report on Tuesday, March 31st. Finally, Liberum Capital lowered shares of ABB from a “buy” rating to a “hold” rating in a report on Wednesday, April 29th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $19.66.

Shares of ABB stock opened at $18.77 on Friday. The firm has a market cap of $40.20 billion, a PE ratio of 31.28, a price-to-earnings-growth ratio of 2.19 and a beta of 1.08. ABB has a 12-month low of $14.71 and a 12-month high of $25.30. The company has a quick ratio of 1.00, a current ratio of 1.18 and a debt-to-equity ratio of 0.62. The company’s fifty day simple moving average is $17.80 and its two-hundred day simple moving average is $21.13.

ABB (NYSE:ABB) last announced its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.15. ABB had a net margin of 4.68% and a return on equity of 19.64%. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $5.93 billion. During the same quarter last year, the firm earned $0.31 EPS. The company’s revenue was down 9.2% on a year-over-year basis. As a group, sell-side analysts expect that ABB will post 1.37 earnings per share for the current fiscal year.

About ABB

ABB Ltd manufactures and sells electrification, industrial automation, and robotics and motion products for customers in utilities, industry and transport, and infrastructure worldwide. Its Electrification Products segment provides electric vehicle charging infrastructure, solar power solutions, modular substation packages, distribution automation products, switchboard and panel boards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.

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