ABB (NYSE:ABBNY) Rating Lowered to “Underperform” at Sanford C. Bernstein

ABB (NYSE:ABBNY) was downgraded by Sanford C. Bernstein from a “market perform” rating to an “underperform” rating in a note issued to investors on Monday, Marketbeat.com reports.

Several other research analysts also recently commented on the company. The Goldman Sachs Group downgraded ABB from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Citigroup downgraded ABB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.

ABB Trading Down 0.8 %

Shares of NYSE:ABBNY opened at $54.17 on Monday. ABB has a 1 year low of $40.39 and a 1 year high of $59.66. The stock’s fifty day moving average price is $56.19 and its 200-day moving average price is $55.97. The company has a market cap of $100.79 billion, a P/E ratio of 25.92, a PEG ratio of 2.74 and a beta of 1.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.35 and a quick ratio of 0.92.

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

ABB Company Profile

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.