News stories about ABB (NYSE:ABB) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ABB earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.2692525712948 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- ETFs with exposure to ABB Ltd. : August 14, 2017 (finance.yahoo.com)
- How These Machinery Stocks are Performing? — General Electric, Honeywell Intl., ABB Ltd, and Danaher – Markets Insider (markets.businessinsider.com)
- ABB Ltd (ABB) Expected to Announce Quarterly Sales of $8.43 Billion (americanbankingnews.com)
- North America Variable Frequency Drive Market to Reach US$ 7.70 Bn by 2027 (reports.pr-inside.com)
- Smart Grid Market Expected to Reach 50.65 Billion USD by 2022 (sbwire.com)
Shares of ABB (NYSE:ABB) traded up 0.53% on Monday, reaching $22.95. 1,240,693 shares of the company’s stock were exchanged. ABB has a 1-year low of $20.26 and a 1-year high of $25.83. The stock’s 50-day moving average price is $24.19 and its 200-day moving average price is $23.94. The company has a market capitalization of $48.98 billion, a P/E ratio of 22.11 and a beta of 1.06.
ABB (NYSE:ABB) last posted its earnings results on Thursday, July 20th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.03. The firm had revenue of $8.45 billion for the quarter, compared to analyst estimates of $8.55 billion. ABB had a net margin of 6.87% and a return on equity of 18.62%. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 earnings per share. Analysts anticipate that ABB will post $1.25 EPS for the current fiscal year.
ABB has been the subject of a number of recent analyst reports. Morgan Stanley restated a “buy” rating on shares of ABB in a research report on Thursday, April 27th. BidaskClub downgraded shares of ABB from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded shares of ABB from a “sell” rating to a “hold” rating and set a $28.00 price objective for the company in a research report on Monday, June 12th. BNP Paribas downgraded shares of ABB from an “outperform” rating to a “neutral” rating in a research report on Tuesday, May 23rd. Finally, Robert W. Baird restated an “outperform” rating and issued a $28.00 price objective (up previously from $27.00) on shares of ABB in a research report on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. ABB currently has a consensus rating of “Hold” and an average price target of $24.25.
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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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