ABB Ltd Rating Lowered to Neutral at Exane BNP Paribas (ABB)

By admin | 6 years ago

ABB Ltd (NYSE: ABB) was downgraded by analysts at Exane BNP Paribas to a “neutral” rating in a research report issued to clients and investors on Thursday.

A number of other firms have also recently commented on ABB. Analysts at BNP Paribas (EPA: BNP) downgraded shares of ABB Ltd from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. Separately, analysts at Goldman Sachs (NYSE: GS) downgraded shares of ABB Ltd to a “buy” rating in a research note to investors on Thursday, April 26th. Finally, analysts at JPMorgan Chase (NYSE: JPM) downgraded shares of ABB Ltd from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday, April 26th.

ABB Ltd opened at 15.81 on Thursday. ABB Ltd has a 1-year low of $15.51 and a 1-year high of $26.71. The company has a market cap of $36.257 billion and a price-to-earnings ratio of 11.34.

ABB Ltd last released its earnings data on Wednesday, April 25th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.05. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts expect that ABB Ltd will post $0.39 EPS next quarter.

ABB Ltd (ABB) provides power and automation technologies for its utility and industrial customers. It focuses on power transmission, distribution and power-plant automation serves electric, gas and water utilities, as well as industrial and commercial customers.

About the author