ABB (NYSE:ABBNY) Stock Rating Lowered by Sanford C. Bernstein

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

Other equities research analysts have also issued reports about the stock. Citigroup lowered shares of ABB from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group lowered shares of ABB from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 29th.

ABB Price Performance

ABB stock opened at $54.81 on Monday. ABB has a 52-week low of $40.39 and a 52-week high of $59.66. The firm has a fifty day moving average of $56.17 and a 200-day moving average of $55.96. The firm has a market capitalization of $101.98 billion, a P/E ratio of 26.23, a PEG ratio of 2.74 and a beta of 1.15. The company has a quick ratio of 0.92, a current ratio of 1.35 and a debt-to-equity ratio of 0.45.

ABB (NYSE:ABBNY) last released 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 firm had revenue of $8.15 billion for the quarter. ABB had a net margin of 11.90% and a return on equity of 27.58%. As a group, analysts predict that ABB will post 2.16 EPS for the current year.

ABB Company Profile

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.