ABB (NYSE:ABBNY) Cut to Underperform at Sanford C. Bernstein

Sanford C. Bernstein cut shares of ABB (NYSE:ABBNY) from a market perform rating to an underperform rating in a report issued on Monday, Marketbeat Ratings reports.

ABBNY has been the topic of several other reports. Citigroup lowered shares of ABB from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group lowered shares of ABB from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 29th.

ABB Price Performance

Shares of ABBNY opened at $54.81 on Monday. ABB has a 1-year low of $40.39 and a 1-year high of $59.66. The stock has a market cap of $101.98 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 2.74 and a beta of 1.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.35 and a quick ratio of 0.92. The firm has a fifty day moving average price of $56.17 and a 200 day moving average price of $55.96.

ABB (NYSE:ABBNY) last announced its quarterly earnings results on Thursday, October 17th. The industrial products company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). The company had revenue of $8.15 billion during the quarter. ABB had a net margin of 11.90% and a return on equity of 27.58%. As a group, sell-side analysts anticipate that ABB will post 2.16 EPS for the current year.

About ABB

ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.