ABB (ABB) Earning Somewhat Positive News Coverage, Analysis Shows
Media headlines about ABB (NYSE:ABB) have trended somewhat positive on Tuesday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. ABB earned a news impact score of 0.24 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.0597508263554 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Global Harmonic Filter Market 2017 – Emerson Electric Co., ABB Ltd., Schneider Electric SE, Crompton Greaves Ltd., MTE Corp (sbwire.com)
- Process Safety System Market Trend to 2022 Profiling ABB Ltd., Siemens AG, Rockwell Automation, General Electric Company, Emerson Electric (menafn.com)
- Industrial Automation Market – Global Study & Companies Like ABB … – NB Herard (nbherard.com)
- ETFs with exposure to ABB Ltd. : November 17, 2017 (finance.yahoo.com)
- Analysts Expect ABB Ltd (ABB) Will Post Quarterly Sales of $9.24 Billion (americanbankingnews.com)
Several research firms have recently weighed in on ABB. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of ABB in a research report on Monday, November 6th. Zacks Investment Research cut ABB from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. UBS AG reissued a “sell” rating on shares of ABB in a research report on Monday, July 24th. BidaskClub cut ABB from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Robert W. Baird reissued a “buy” rating and issued a $29.00 price objective on shares of ABB in a research report on Wednesday, October 4th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $23.50.
Shares of ABB (NYSE:ABB) traded up $0.15 during mid-day trading on Tuesday, reaching $25.38. The company had a trading volume of 1,140,100 shares, compared to its average volume of 1,913,198. The company has a market capitalization of $54,300.00, a PE ratio of 20.18, a P/E/G ratio of 3.32 and a beta of 1.07. ABB has a 52-week low of $20.26 and a 52-week high of $26.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.03 and a current ratio of 1.37.
ABB (NYSE:ABB) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. The firm had revenue of $8.72 billion during 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%. ABB’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $0.32 earnings per share. research analysts anticipate that ABB will post 1.23 EPS 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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