Impact of Brokerage Rating on ABB Ltd(ABB)

Many ABB Ltd(ABB) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. ABB Ltd (ADR) was Upgraded by Natixis Bleichroeder to Buy on Feb 8, 2017. ABB Ltd (ADR) was Upgraded by Nordea to Buy on Jan 26, 2017. ABB Ltd (ADR) was Upgraded by RBC Capital Mkts to Outperform on Jan 25, 2017. ABB Ltd (ADR) was Upgraded by BofA/Merrill to Buy on Jan 10, 2017. ABB Ltd (ADR) was Downgraded by Jefferies to Underperform on Dec 13, 2016.

ABB Ltd (ADR) Last issued its quarterly earnings results on Feb 8, 2017. The company reported $0.33 EPS for the quarter, missing the analyst consensus estimate by $ -0.02. Analyst had a consensus of $0.35. The company had revenue of $8993.00 million for the quarter, compared to analysts expectations of $9026.23 million. The companys revenue was down -2.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.35 EPS.

ABB Ltd (NYSE:ABB) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.43 by 7 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 3 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.

ABB Ltd (NYSE:ABB): The mean estimate for the short term price target for ABB Ltd (NYSE:ABB) stands at $22.67 according to 4 Analysts. The higher price target estimate for the stock has been calculated at $27 while the lower price target estimate is at $18.

ABB Ltd (NYSE:ABB) witnessed a decline in the market cap on Tuesday as its shares dropped 0.52% or 0.12 points. After the session commenced at $22.92, the stock reached the higher end at $22.92 while it hit a low of $22.71. With the volume soaring to 1,233,030 shares, the last trade was called at $22.82. The company has a 52-week high of $23.9. The company has a market cap of $48,742 million and there are 2,135,925,299 shares in outstanding. The 52-week low of the share price is $17.03.

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).

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