November 23, 2016 - By Winifred Garcia · 0 Comments
The stock of Abb Limited Zuerich (NYSE:ABB) registered a decrease of 5.83% in short interest. ABB’s total short interest was 3.61 million shares in November as published by FINRA. Its down 5.83% from 3.83M shares, reported previously. With 2.20 million shares average volume, it will take short sellers 2 days to cover their ABB’s short positions. The short interest to Abb Limited Zuerich’s float is 0.21%. The stock increased 0.34% or $0.07 on November 22, hitting $20.75. ABB Ltd (ADR) (NYSE:ABB) has risen 0.29% since April 21, 2016 and is uptrending. It has underperformed by 5.04% the S&P500.
ABB Ltd is engaged in power and automation technologies. The company has a market cap of $45.88 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 27 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.
Out of 10 analysts covering ABB Ltd (NYSE:ABB), 2 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 20% are positive. $24 is the highest target while $21 is the lowest. The $24 average target is 15.66% above today’s ($20.75) stock price. ABB Ltd has been the topic of 15 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The rating was upgraded by Societe Generale to “Hold” on Thursday, April 21. The rating was maintained by Robert W. Baird on Wednesday, October 5 with “Neutral”. The firm has “Sector Perform” rating given on Wednesday, April 6 by RBC Capital Markets. The firm has “Neutral” rating by Robert W. Baird given on Thursday, April 21. The stock of ABB Ltd (ADR) (NYSE:ABB) has “Neutral” rating given on Friday, January 22 by UBS. The rating was initiated by Berenberg on Friday, September 4 with “Sell”. On Tuesday, February 9 the stock rating was reinitiated by BNP Paribas with “Underperform”. The stock of ABB Ltd (ADR) (NYSE:ABB) earned “Buy” rating by HSBC on Friday, August 21. The firm earned “Hold” rating on Friday, August 19 by HSBC. The firm has “Neutral” rating by JP Morgan given on Wednesday, April 20.
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: Fool.com and their article: “Better Internet-of-Things Buy: ABB Ltd. or Eaton Corp.?” with publication date: November 15, 2015.
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By Winifred Garcia