ABB Ltd (ADR) (NYSE:ABB) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 25, 2016
Having a price of $22.19, ABB Ltd (ADR) (NYSE:ABB) traded -0.70% lower on the day. With the last close up 9.78% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. ABB Ltd (ADR) has recorded a 50-day average of $22.09 and a two hundred day average of $20.63. Volume of trade was up over the average, with 1,936,831 shares of ABB changing hands over the typical 1,725,100
Zacks Investment Research has downgraded ABB Ltd (ADR) (NYSE:ABB) to Hold in a statement released on 9/21/2016.
On 09/20/2016, Zacks Investment Research released a statement on ABB Ltd (ADR) (NYSE:ABB) upped the target price from $0.00 to $25.00 that suggested an upside of 0.13%.
With a total market value of $0, ABB Ltd (ADR) has price-earnings ratio of 29.38 with a one year low of $15.74 and a one year high of $22.88 .
A total of 5 equity analysts have released a ratings update on ABB. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, four equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $19.40.
Brief Synopsis About ABB Ltd (ADR) (NYSE:ABB)
ABB Ltd (ABB) is engaged in power and automation technologies. The Company manages its business based on five divisions: Discrete Automation and Motion, Low Voltage Products, Process Automation, Power Products and Power Systems. The Discrete Automation and Motion division provides low-voltage and medium-voltage drive products and systems for industrial, commercial and residential applications. The Process Automation division provides engineered solutions, products and services for process control, safety, instrumentation, plant electrification and energy management. The Power Products division offers a portfolio of products and services to facilitate power generation, transmission and distribution. The Power Systems division offers solutions for power and water plants, grid integration and automation, as well as a range of systems and services for the generation, transmission and distribution of electricity. The Company operates in approximately 100 countries.
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