ABB Ltd (ADR) (ABB) was Upgraded by BofA/Merrill to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Jan 10, 2017.
Many Wall Street Analysts have commented on ABB Ltd (ADR). ABB Ltd (ADR) was Downgraded by Jefferies to ” Underperform” on Dec 13, 2016. ABB Ltd (ADR) was Upgraded by Morgan Stanley to ” Overweight” on Dec 12, 2016. Company shares were Upgraded by Robert W. Baird on Dec 12, 2016 to ” Outperform”, Firm has raised the Price Target to $ 25 from a previous price target of $22 .
On the company’s financial health, ABB Ltd (ADR) reported $0.32 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus of $0.34. The company had revenue of $8255.00 million for the quarter, compared to analysts expectations of $8357.72 million. The company’s revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.26 EPS.
ABB Ltd (ADR) opened for trading at $21.62 and hit $21.675 on the upside on Friday, eventually ending the session at $21.6, with a gain of 0.19% or 0.04 points. The heightened volatility saw the trading volume jump to 11,18,277 shares. Company has a market cap of $46,136 M.
ABB Ltd (ABB) is engaged in power and automation technologies. The Company manages its business -based on five divisions: Discrete Automation and Motion Low Voltage Products Process Automation Power Products and Power Systems. The Discrete Automation and Motion division provides low-voltage and medium-voltage drive products and systems for industrial commercial and residential applications. The Process Automation division provides engineered solutions products and services for process control safety instrumentation plant electrification and energy management. The Power Products division offers a portfolio of products and services to facilitate power generation transmission and distribution. The Power Systems division offers solutions for power and water plants grid integration and automation as well as a range of systems and services for the generation transmission and distribution of electricity. The Company operates in approximately 100 countries.