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Market Update: ABB Ltd (NYSE:ABB) – ABB Group’s 10 Top-Valued Projects Include Heavy-Hitter Ichthys LNG, Offshore Wind and Drilling, an Industrial Info News Alert

[Marketwired] – Researched by Industrial Info Resources — With low commodity prices and slowing growth in China, ABB Group is facing the same challenges in the global marketplace as other equipment and technology providers. … Read more on this. ABB Ltd. (ABB) , valued at $46.06B, opened this morning at $21.36. A quick look at the market, the company’s stock traded between $21.27 and $21.42 with a trailing 52-week range being $15.74 to $21.96. ABB shares are currently priced at 19.72x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 19.08x earnings multiple. And for income investors, the company pays shareholders $0.76 per share annually in dividends, yielding 3.71%. According to a consensus of 3 analysts, the earnings estimate of $0.27 per share would be $0.01 better than the year-ago quarter and a $0.01 sequential increase. Investors should also note that the full-year EPS estimate of $1.03 is a $0.16 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $8.92 Billion. If realized, that would be a 2.62% decrease over the year-ago quarter. In terms of ratings, Societe Generale upgraded ABB from Sell to Hold (Apr 21, 2016). Previously, JP Morgan upgraded ABB from Underweight to Neutral. The average price target for ABB shares is $20.61, which is 3.51% below where the stock opened this morning. See more in (NYSE:ABB) Similar Articles: Stock Update: Dominion Resources Inc (NYSE:D) – Dominion Virginia Power Considers Options for Offshore Wind Demonstration Project after Federal Grant Withdrawal Company Update (NYSE:GE): Diamond Offshore and GE Oil & Gas Enter into Industry’s First Performance-Based Subsea Blowout Preventer Service Agreement Stock Update (NYSE:DD): Dyadic International, Inc. Announces Closing of Sale of Industrial Technology Business to Dupont Industrial Biosciences
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