The stock of ABB Ltd (ADR) (NYSE:ABB) is a huge mover today! About 1.39M shares traded hands. ABB Ltd (ADR) (NYSE:ABB) has risen 10.16% since April 11, 2016 and is uptrending. It has outperformed by 4.01% the S&P500.
The move comes after 6 months positive chart setup for the $47.37B company. It was reported on Nov, 11 by Barchart.com. We have $26.41 PT which if reached, will make NYSE:ABB worth $11.37 billion more.
ABB Ltd (ADR) (NYSE:ABB) Ratings Coverage
Out of 10 analysts covering ABB Ltd (NYSE:ABB), 2 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 20% are positive. ABB Ltd has been the topic of 15 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating by Berenberg given on Friday, September 4. The rating was upgraded by Jefferies on Friday, October 9 to “Hold”. The company was maintained on Thursday, April 21 by Robert W. Baird. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, April 6. The rating was upgraded by UBS to “Neutral” on Friday, January 22. The stock of ABB Ltd (ADR) (NYSE:ABB) earned “Hold” rating by HSBC on Friday, August 19. The stock has “Underperform” rating given by BNP Paribas on Tuesday, February 9. As per Wednesday, October 5, the company rating was maintained by Robert W. Baird. The firm has “Buy” rating given on Friday, August 21 by HSBC. The rating was upgraded by Societe Generale to “Hold” on Thursday, April 21.
According to Zacks Investment Research, “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).”
More recent ABB Ltd (ADR) (NYSE:ABB) news were published by: Marketwatch.com which released: “Virtual Stock Exchange” on July 23, 2009. Also Fool.com published the news titled: “Is ABB Ltd (ADR) Destined for Greatness?” on June 10, 2014. Fool.com‘s news article titled: “Forget ABB Ltd. (ADR) and Check Out This German Robot Maker” with publication date: May 21, 2014 was also an interesting one.
ABB Company Profile
ABB Ltd (ABB), incorporated on March 5, 1999, is engaged in power and automation technologies. The Firm provides a range of products, systems, solutions and services for utility and industry customers. The Firm manages its business on five divisions: Discrete Automation and Motion, Low Voltage Products, Process Automation, Power Products and Power Systems. The Firm operates in approximately 100 countries across four regions: Europe, the Americas, Asia, and the Middle East and Africa (MEA).
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