ABB (ABB) Earning Somewhat Favorable News Coverage, Report Finds

Media headlines about ABB (NYSE:ABB) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ABB earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 46.9805722988041 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Shares of ABB (NYSE:ABB) traded up $0.03 during trading on Friday, hitting $28.01. The company had a trading volume of 1,122,175 shares, compared to its average volume of 1,790,000. The company has a current ratio of 1.37, a quick ratio of 1.03 and a debt-to-equity ratio of 0.48. ABB has a twelve month low of $22.04 and a twelve month high of $28.26. The firm has a market capitalization of $60,300.00, a PE ratio of 26.68, a PEG ratio of 2.91 and a beta of 1.06.

ABB (NYSE:ABB) last posted its earnings results on Thursday, October 26th. The industrial products company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.04. The firm had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.55 billion. ABB had a return on equity of 18.65% and a net margin of 6.79%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 earnings per share. research analysts predict that ABB will post 1.22 earnings per share for the current fiscal year.

Several equities analysts have issued reports on ABB shares. Deutsche Bank upgraded ABB from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Goldman Sachs Group reissued a “buy” rating on shares of ABB in a research note on Monday, November 6th. Zacks Investment Research raised ABB from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Wednesday, December 13th. Robert W. Baird reissued a “buy” rating and issued a $29.00 target price on shares of ABB in a research note on Friday, December 15th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of ABB in a research note on Friday, November 24th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $26.67.

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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.

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