ABB (ABB) Earning Somewhat Positive Media Coverage, Study Finds

News stories about ABB (NYSE:ABB) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. ABB earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.5430156313909 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:

Several equities research analysts recently commented on ABB shares. Robert W. Baird set a $28.00 price objective on shares of ABB and gave the stock a “buy” rating in a research note on Thursday, August 24th. Morgan Stanley reissued a “buy” rating on shares of ABB in a research note on Thursday, June 22nd. BidaskClub lowered shares of ABB from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research raised shares of ABB from a “sell” rating to a “hold” rating and set a $28.00 price objective on the stock in a research note on Monday, June 12th. Finally, BNP Paribas lowered shares of ABB from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 23rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. ABB currently has a consensus rating of “Hold” and an average target price of $24.25.

Shares of ABB (NYSE:ABB) traded up 0.62% on Thursday, hitting $24.43. 1,026,411 shares of the stock traded hands. The stock has a market cap of $52.13 billion, a P/E ratio of 23.54 and a beta of 1.07. ABB has a 52-week low of $20.26 and a 52-week high of $25.83. The stock’s 50 day moving average price is $23.37 and its 200 day moving average price is $23.97.

ABB (NYSE:ABB) last released its quarterly earnings results on Thursday, July 20th. The industrial products company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). ABB had a net margin of 6.87% and a return on equity of 18.62%. The firm had revenue of $8.45 billion during the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter in the prior year, the business posted $0.35 earnings per share. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. On average, equities analysts expect that ABB will post $1.25 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This news story was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The legal version of this news story can be accessed at https://stocknewstimes.com/2017/09/14/abb-abb-earning-somewhat-positive-media-coverage-study-finds.html.

About ABB

ABB Ltd (ABB) is a holding company. The Company’s segments include Electrification Products, Robotics and Motion, Industrial Automation, Power Grids, and Corporate and Other. It operates through four divisions: Electrification Products, Robotics and Motion, Industrial Automation and Power Grids. It is engaged in serving customers in utilities, industry and transport and infrastructure.

Insider Buying and Selling by Quarter for ABB (NYSE:ABB)

Receive News & Ratings for ABB Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABB Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply