Could ABB Ltd (ADR) See a Reversal After Today’s Strong Options Activity?

 Could ABB Ltd (ADR) See a Reversal After Today's Strong Options Activity?

In today’s session ABB Ltd (ADR) (ABB) recorded an unusually high (112) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious ABB decrease. With 112 contracts traded and 304 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: ABB170120P00020000 closed last at: $0.45 or 0% . About 216,885 shares traded hands. ABB Ltd (ADR) (NYSE:ABB) has declined 2.44% since April 26, 2016 and is downtrending. It has underperformed by 7.70% the S&P500.

Analysts await ABB Ltd (ADR) (NYSE:ABB) to report earnings on February, 1. They expect $0.30 earnings per share, down 14.29% or $0.05 from last year’s $0.35 per share. ABB’s profit will be $656.55M for 16.98 P/E if the $0.30 EPS becomes a reality. After $0.32 actual earnings per share reported by ABB Ltd (ADR) for the previous quarter, Wall Street now forecasts -6.25% negative EPS growth.

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 stock of ABB Ltd (ADR) (NYSE:ABB) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, April 6. BNP Paribas reinitiated ABB Ltd (ADR) (NYSE:ABB) on Tuesday, February 9 with “Underperform” rating. HSBC upgraded the stock to “Buy” rating in Friday, August 21 report. The firm has “Hold” rating given on Friday, August 19 by HSBC. The company was upgraded on Thursday, September 1 by BNP Paribas. The firm earned “Outperform” rating on Friday, December 11 by RBC Capital Markets. The stock of ABB Ltd (ADR) (NYSE:ABB) earned “Neutral” rating by Robert W. Baird on Wednesday, October 5. JP Morgan downgraded ABB Ltd (ADR) (NYSE:ABB) on Tuesday, September 22 to “Underweight” rating. The company was upgraded on Friday, January 22 by UBS. The stock of ABB Ltd (ADR) (NYSE:ABB) earned “Neutral” rating by Robert W. Baird 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).”

ABB Ltd is engaged in power and automation technologies. The company has a market cap of $44.58 billion. The Firm manages its business based on five divisions: Discrete Automation and Motion, Low Voltage Products, Process Automation, Power Products and Power Systems. It has a 26.5 P/E ratio. The Discrete Automation and Motion division provides low-voltage and medium-voltage drive products and systems for industrial, commercial and residential applications.

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).

More important recent ABB Ltd (ADR) (NYSE:ABB) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on July 23, 2009, also Fool.com published article titled: “Is ABB Ltd (ADR) Destined for Greatness?”, Fool.com published: “Forget ABB Ltd. (ADR) and Check Out This German Robot Maker” on May 21, 2014. More interesting news about ABB Ltd (ADR) (NYSE:ABB) was released by: Zacks.com and their article: “Why ABB Ltd. (ABB) Might Surprise This Earnings Season” with publication date: October 25, 2016.

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