ABB (NYSE:ABBNY) Downgraded to “Underperform” Rating by Sanford C. Bernstein

Sanford C. Bernstein downgraded shares of ABB (NYSE:ABBNY) from a market perform rating to an underperform rating in a research note released on Monday, MarketBeat reports.

A number of other equities analysts also recently weighed in on ABBNY. The Goldman Sachs Group downgraded shares of ABB from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 29th. Citigroup cut shares of ABB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.

ABB Trading Up 1.2 %

NYSE:ABBNY opened at $54.62 on Monday. ABB has a 52 week low of $40.39 and a 52 week high of $59.66. The firm has a 50-day moving average price of $56.28 and a two-hundred day moving average price of $56.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.92 and a current ratio of 1.35. The firm has a market cap of $101.63 billion, a price-to-earnings ratio of 26.13, a price-to-earnings-growth ratio of 2.74 and a beta of 1.15.

ABB (NYSE:ABBNY) last issued its quarterly earnings results on Thursday, October 17th. The industrial products company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). ABB had a net margin of 11.90% and a return on equity of 27.58%. The business had revenue of $8.15 billion for the quarter. On average, equities analysts expect that ABB will post 2.16 earnings per share for the current fiscal year.

ABB Company Profile

ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.