BNP Paribas Cuts ABB Ltd to Neutral (ABB)

By admin | 6 years ago

ABB Ltd (NYSE: ABB) was downgraded by BNP Paribas (EPA: BNP) from an “outperform” rating to a “neutral” rating in a research note issued on Thursday.

Other equities research analysts have also recently issued reports about the stock. 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. 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 traded down 1.46% on Thursday, hitting $15.5799. ABB Ltd has a 52-week low of $15.51 and a 52-week high of $26.71. The company has a market cap of $35.730 billion and a price-to-earnings ratio of 11.34.

ABB Ltd last announced its earnings results on Wednesday, April 25th. The company reported $0.30 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.35 by $0.05. ABB Ltd’s revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that ABB Ltd will post $0.39 earnings per share 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.

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