ABB Ltd (NYSE:ABB) Stock Upgrade
ABB Ltd (NYSE:ABB)’s stock was increased to a solid Outperform by equity analysts at RBC Capital Markets. ABB’s past Sector Perform rating is has been discontinued by the brokerage firm.
From a total of 5 analysts covering ABB Ltd (NYSE:ABB) stock, 0 rate it a ”Buy”, 1 a “Sell”, and 4 a ”Hold”. This means that 0% of the ratings are positive. ABB Ltd was the topic of 5 analyst reports since August 21, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on December 9 with “Overweight” rating. JP Morgan downgraded ABB stock in a recent report from September 22 to “Underweight” rating. Finally, HSBC upgraded the stock to “Buy” rating in a report issued on an August 21.
Approximately 2.87 million shares of stock traded hands or 46.43% up from the average. ABB Ltd (ADR) (NYSE:ABB) has declined 17.59% since May 8, 2015 and is downtrending. It has underperformed by 14.57% the S&P500.
ABB Ltd is engaged in power and automation technologies. The company has a market cap of $42.13 billion. The Firm manages its business on five divisions: Discrete Automation and Motion, Low Voltage Products, Process Automation, Power Products and Power Systems. It has 16.73 P/E ratio. The Discrete Automation and Motion division provides low-voltage and medium-voltage drive products and systems for industrial, commercial and residential applications.
According to Zacks Investment Research, “ABB Ltd, headquartered in Zurich, Switzerland, is engaged in providing power and automation technologies for its utility and industrial customers. The Company provides a range of products, systems, solutions and services that are designed to improve power grid reliability, increase industrial productivity and enhance energy efficiency. ABB is focused on power transmission, distribution and power-plant automation and serves electric, gas and water utilities, as well as industrial and commercial customers. Its Power Products division manufactures three categories of products: High-voltage Products, Medium-voltage Products and Transformers. The key technologies include high- and medium-voltage switchgear, circuit breakers for various current and voltage levels, power and distribution transformers, as well as sensors and products to automate and control electrical and other utility networks. ABB Ltd is structured into four regions: Europe, the Americas, Asia and the Middle East and Africa (MEA).” Get a free copy of the Zacks research report on ABB Ltd (ADR) (ABB).