Sanford C. Bernstein Downgrades ABB (NYSE:ABBNY) to Underperform

ABB (NYSE:ABBNY) was downgraded by equities research analysts at Sanford C. Bernstein from a “market perform” rating to an “underperform” rating in a research report issued on Monday,Briefing.com Automated Import reports.

ABBNY has been the topic of a number of other research reports. Citigroup lowered ABB from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group downgraded ABB from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 29th.

ABB Price Performance

Shares of ABB stock opened at $53.96 on Monday. The company has a current ratio of 1.35, a quick ratio of 0.92 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $100.40 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 2.74 and a beta of 1.15. ABB has a 1-year low of $40.39 and a 1-year high of $59.66. The firm’s 50-day moving average price is $56.28 and its two-hundred day moving average price is $56.00.

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

About ABB

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.