Is there a Bearish outlook for ABB Ltd (NYSE:ABB) this week? – Thorold News



ABB Ltd (NYSE:ABB) Logo

ABB Ltd (NYSE:ABB) Ratings Coverage

Among 3 analysts covering ABB (NYSE:ABB), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. ABB had 3 analyst reports since July 11, 2018 according to SRatingsIntel. The stock of ABB Ltd (NYSE:ABB) has “Hold” rating given on Wednesday, July 11 by Jefferies. JP Morgan downgraded the stock to “Underweight” rating in Monday, December 3 report. Citigroup upgraded the stock to “Buy” rating in Tuesday, September 4 report. Below is a list of ABB Ltd (NYSE:ABB) latest ratings and price target changes.

03/12/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Underweight Downgrade
04/09/2018 Broker: Citigroup Old Rating: Neutral New Rating: Buy Upgrade
11/07/2018 Broker: Jefferies Old Rating: Underperform New Rating: Hold Upgrade

The stock increased 3.60% or $0.67 during the last trading session, reaching $19.29. About 1.63M shares traded. ABB Ltd (NYSE:ABB) has declined 26.62% since January 6, 2018 and is downtrending. It has underperformed by 26.62% the S&P500.

ABB Ltd manufactures and sells electrification, robotics and motion, power grid, and industrial automation products for utilities, transportation, infrastructure, and industrial clients worldwide. The company has market cap of $41.14 billion. The firm provides modular substation packages, distribution automation products, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, low- and medium-voltage switchgears, switches, DIN rail components, and installation materials for building, data center, rail, wind and solar, food and beverage, marine, and gas and oil industries. It has a 18.35 P/E ratio. It also offers motors, generators, variable speed drives, robots and robotics, solar inverters, wind converters, rectifiers, and excitation systems, as well as power quality and protection solutions, electric vehicle fast charging infrastructure solutions, and components and subsystems for railways, and related services for discrete automation, process industries, transportation, and utilities.

More notable recent ABB Ltd (NYSE:ABB) news were published by: Seekingalpha.com which released: “Hitachi powers up with ABB acquisition – Seeking Alpha” on December 17, 2018, also Streetinsider.com with their article: “Hitachi to Acquire ABB Ltd’s (ABB) Power Grids Business at $11B Valuation – StreetInsider.com” published on December 18, 2018, Nasdaq.com published: “Mid-Morning Market Update: Markets Open Lower; Hitachi To Acquire ABB’s Power-Grid Unit – Nasdaq” on December 17, 2018. More interesting news about ABB Ltd (NYSE:ABB) were released by: Fool.com and their article: “Does ABB’s 4% Dividend Yield Make It a Stock to Buy Now? – The Motley Fool” published on December 11, 2018 as well as Fool.com‘s news article titled: “Is ABB Stock a Buy for 2019? – The Motley Fool” with publication date: January 03, 2019.

ABB Ltd (NYSE:ABB) Ratings Chart

Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with our FREE daily email newsletter.



Source: https://whatsonthorold.com/2019/01/06/is-there-a-bearish-outlook-for-abb-ltd-nyseabb-this-week-2/

« »
WordPress Security