The stock of ABB Ltd (ADR) (NYSE:ABB) is a huge mover today! About 986,995 shares traded hands. ABB Ltd (ADR) (NYSE:ABB) has risen 22.96% since March 3, 2016 and is uptrending. It has outperformed by 14.62% the S&P500.
The move comes after 6 months positive chart setup for the $50.95 billion company. It was reported on Oct, 6 by Barchart.com. We have $31.59 PT which if reached, will make NYSE:ABB worth $19.36 billion more.
Analysts await ABB Ltd (ADR) (NYSE:ABB) to report earnings on October, 19. They expect $0.28 EPS, up 7.69% or $0.02 from last year’s $0.26 per share. ABB’s profit will be $623.24M for 20.44 P/E if the $0.28 EPS becomes a reality. After $0.30 actual EPS reported by ABB Ltd (ADR) for the previous quarter, Wall Street now forecasts -6.67% negative EPS growth.
ABB Ltd (ADR) (NYSE:ABB) Ratings Coverage
Out of 10 analysts covering ABB Ltd (NYSE:ABB), 2 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 20% are positive. ABB Ltd has been the topic of 15 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Societe Generale given on Thursday, April 21. As per Friday, August 19, the company rating was downgraded by HSBC. On Friday, January 22 the stock rating was upgraded by UBS to “Neutral”. The company was downgraded on Wednesday, April 6 by RBC Capital Markets. As per Wednesday, April 20, the company rating was upgraded by JP Morgan. The stock of ABB Ltd (ADR) (NYSE:ABB) has “Outperform” rating given on Thursday, September 1 by BNP Paribas. The firm has “Underweight” rating by JP Morgan given on Tuesday, September 22. BNP Paribas reinitiated the shares of ABB in a report on Tuesday, February 9 with “Underperform” rating. The rating was upgraded by RBC Capital Markets to “Outperform” on Friday, December 11. As per Friday, October 9, the company rating was upgraded by Jefferies.
According to Zacks Investment Research, “ABB Ltd, headquartered in Zurich, Switzerland, is engaged in providing power and automation technologies for its utility and industrial customers. The Company provides a range of products, systems, solutions and services that are designed to improve power grid reliability, increase industrial productivity and enhance energy efficiency. ABB is focused on power transmission, distribution and power-plant automation and serves electric, gas and water utilities, as well as industrial and commercial customers. Its Power Products division manufactures three categories of products: High-voltage Products, Medium-voltage Products and Transformers. The key technologies include high- and medium-voltage switchgear, circuit breakers for various current and voltage levels, power and distribution transformers, as well as sensors and products to automate and control electrical and other utility networks. ABB Ltd is structured into four regions: Europe, the Americas, Asia and the Middle East and Africa (MEA).”
More important recent ABB Ltd (ADR) (NYSE:ABB) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on July 23, 2009, also Fool.com published article titled: “Is ABB Ltd (ADR) Destined for Greatness?”, Fool.com published: “Forget ABB Ltd. (ADR) and Check Out This German Robot Maker” on May 21, 2014. More interesting news about ABB Ltd (ADR) (NYSE:ABB) was released by: Finance.Yahoo.com and their article: “ABB Ltd. (ABB) Q2 Earnings Improve, Revenues Down Y/Y” with publication date: July 21, 2016.
ABB Company Profile
ABB Ltd (ABB), incorporated on March 5, 1999, is engaged in power and automation technologies. The Firm provides a range of products, systems, solutions and services for utility and industry customers. The Firm manages its business on five divisions: Discrete Automation and Motion, Low Voltage Products, Process Automation, Power Products and Power Systems. The Firm operates in approximately 100 countries across four regions: Europe, the Americas, Asia, and the Middle East and Africa (MEA).
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