ABB Ltd. (ABB): Today's Featured Industrial Winner

ABB (ABB) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day up 1.5%. By the end of trading, ABB rose $1.12 (7.1%) to $16.97 on heavy volume. Throughout the day, 5.6 million shares of ABB exchanged hands as compared to its average daily volume of 3.4 million shares. The stock ranged in a price between $16.84-$17.11 after having opened the day at $16.90 as compared to the previous trading day's close of $15.85. Other companies within the Industrial industry that increased today were: Terex (TEX), up 29.2%, Electro Scientific Industries (ESIO), up 19.9%, GrafTech International (GTI), up 17.8%, and Manitowoc (MTW), up 12.1%.

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ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $36.17 billion and is part of the industrial goods sector. The company has a P/E ratio of 11.4, above the average industrial industry P/E ratio of 11.3 and below the S&P 500 P/E ratio of 17.7. Shares are down 15.8% year to date as of the close of trading on Wednesday. Currently there are six analysts that rate ABB a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates ABB as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins.

• You can view the full ABB Ratings Report.

On the negative front, China Development Group Corporation (CTDC), down 9.2%, A123 Systems (AONE), down 8.9%, Taylor Devices (TAYD), down 3.3%, and China Ming Yang Wind Power Group (MY), down 3.3%, were all laggards within the industrial industry with Timken Company (TKR) being today's industrial industry laggard.

• Use our industrial section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average (DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials (SIJ).

• Find other investment ideas from our top rated ETFs lists.

 

For more information on ABB Ltd. click any of the following:

• ABB Ltd. Stock Price

• ABB Ltd. Analyst Ratings

• ABB Ltd. Key Stats & Profile

• ABB Ltd. Earnings

• ABB Ltd. Ratio Comparison

• ABB Ltd. Growth Rates

• ABB Ltd. Balance Sheet

• ABB Ltd. Cash Flow

• ABB Ltd. Income Statement