Economy

ABB Ltd (ABB) Hits 52-Week High

The firm has "Equal-Weight" rating given on Wednesday, September 28 by Morgan Stanley.

ABBN has been the topic of a number of other research reports.

ABB (ABBN) opened at 26.08 on Monday. Deutsche Bank AG upgraded shares of ABB from a "sell" rating to a "hold" rating in a research report on Friday, July 22nd. The company now has an average rating of Hold and an average target price of CHF 23.96.

Shares of ABB (ABB) traded up 0.65% on Monday, reaching $26.30. Hamlin Capital Management Llc sold 894,204 shares as the company's stock rose 9.90% with the market.

The company's P/E ratio is 25.17 and market cap is 55.76B. It is now trading at $26.13 just above $24.95, the 50 day moving average and which is just a bit higher than the 200 day moving average of $24.45.

ABB (NYSE:ABB) last announced its earnings results on Thursday, October 26th. The industrial products company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. Covering sell-side analysts are estimating company growth for next year to be 12.52%. Next quarter's EPS is forecasted to be $0.16 with next year's EPS anticipated to be $1.38. ABB's revenue was down 5.3% on a year-over-year basis. On average, equities analysts expect that ABB will post $1.08 EPS for the current fiscal year. The firm has "Buy" rating given on Tuesday, October 31 by Goldman Sachs. "(The)" was first posted by TrueBlueTribune and is owned by of TrueBlueTribune. The legal version of this news story can be viewed at https://baseballnewssource.com/markets/abb-ltd-abbn-given-a-chf-25-50-price-target-at-societe-generale/1739261.html.

Other hedge funds also recently bought and sold shares of the company. As of the end of the quarter Van Cleef Asset Management, inc had acquired 575 shares growing its holdings by 1.6%. Raymond James Financial Services Advisors, Inc. added to its holdings by buying 10,488 shares an increase of 9.9% from 06/30/2017 to 09/30/2017. The value of the total investment in ABB Ltd went from $2,646,000 to $2,890,000 increasing 9.2% since the last quarter. Ledyard National Bank now owns 4,350 shares of the industrial products company's stock valued at $108,000 after purchasing an additional 150 shares in the last quarter. Sei Investments Co. now owns 6,597 shares of the company's stock worth $131,000 after buying an additional 3,618 shares in the last quarter. As of quarter end Aperio Group, LLC had acquired 23,062 shares growing its stake by 2.8%. The institutional investor owned 8,658,635 shares of the industrial products company's stock after purchasing an additional 376,777 shares during the quarter.

ABB Ltd (ABB) is a holding company. The Company manages its business based on five divisions: Discrete Automation and Motion, Low Voltage Products, Process Automation, Power Products and Power Systems. The Company operates through four divisions: Electrification Products, Robotics and Motion, Industrial Automation and Power Grids. The Company is involved in serving customers in utilities, industry and transport and infrastructure globally.



Like this

Latest


02 November 2017
Harry Styles pauses live show for fan
HARRY STYLES found out the hazards of naming a pop song after a fruit when one fan gave him the slip at his latest gig in London. At the concert, Eldred said she was crushed and pushed by fans behind her and fell to the floor.

02 November 2017
Georgia, Alabama top 2 in playoff rankings, Penn State 7th
The three other undefeated playoff-eligible teams are No. 9 Wisconsin (8-0), No. 10 Miami (7-0) and No. 18 Central Florida (7-0). Notre Dame is coming off a dismal 4-8 season past year that made many suspect coach Brian Kelly was not long for South Bend.

02 November 2017
Illinois' new "Silver Search" helps find missing people suffering from Alzheimer's
The "Silver Search" campaign launched on Wednesday, November 1st, which is the start of Alzheimer's Disease Awareness Month. IL law enforcement will now get new training on how they can help people find loved ones with dementia who go missing.

02 November 2017
The Cheesecake Factory Incorporated Earnings & Price Target Update
Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 1.33, and a price to sales ratio of 1.15. Checking in on some valuation rankings, The Cheesecake Factory Incorporated (NasdaqGS:CAKE) has a Value Composite score of 22.

02 November 2017
Dick's Sporting Goods, Inc. (NYSE:DKS) Shares Dip Under Moving Averages
The sporting goods retailer reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.04). Art Advsr Limited has invested 0.14% in Dicks Sporting Goods Inc (NYSE: DKS ). 6,517 were reported by Taurus Asset Mngmt Ltd Llc.

02 November 2017
Trump says he'll announce new Fed head Thursday
Trump's announcement will be scrutinized for what it might mean for the direction of interest rates, and perhaps for the economy. It jumped over 1 percent to $0.6931 after the country's jobless rate sank more than expected to a nine-year low of 4.6 percent.

02 November 2017
Vikings are 'prepared' to activate QB Teddy Bridgewater
They have until November 8 to activate quarterback Teddy Bridgewater, who is on the PUP list and has been out since August, 2016. But that doesn't mean Bridgewater would start over Case Keenum , who is 4-2 as a starter.

02 November 2017
San Francisco police officer, suspect injured in shooting
At around noon on Wednesday, eight or so police officers milled around crime scene among evidence markers and forensic equipment. Anyone with information about the shooting is asked to the call the San Francisco Police Department tip line at 415-575-4444.

02 November 2017
Blueprint Medicines Corporation (NASDAQ:BPMC) Moving Today - Down by 3.08%
The Company focuses on crafting drug candidates that provide clinical responses to patients without adequate treatment options. Cowen and Company restated a "buy" rating on shares of Blueprint Medicines Corp.in a research report on Tuesday, August 9th.

02 November 2017
Stocks To Watch This Week: Consolidated Edison, Inc. (ED), Exelon Corporation (EXC)
Here we will take a look at several key ratios for Exelon Corporation (NYSE: EXC ), starting with the Book to Market (BTM) ratio. Also, it has an estimated price-earnings (P/E) multiple of 14.02 and a trailing 12-month price-earnings (P/E) multiple of 21.15.