|Bid||21.50 x 3200|
|Ask||23.61 x 1200|
|Day's range||23.50 - 23.90|
|52-week range||17.71 - 23.90|
|Beta (5Y Monthly)||1.18|
|PE ratio (TTM)||35.09|
|Forward dividend & yield||0.79 (3.33%)|
|1y target est||N/A|
ABB offers Vattenfall fast-charging stations and all the essential grid connection hardware for developing a charging network for electric vehicles in Sweden.
Strength in end markets, acquired assets and stronger productivity and diligent cost-cutting initiatives are likely to drive ABB's growth. However, costs witness a rise.
Rising cost of sales along with high debt levels impede ABB's (ABB) growth. Also, the GEIS integration is likely to dilute its margins in the upcoming quarters.
For Ulrich Spiesshofer, who left ABB Ltd. on Wednesday after more than five years in charge, the verdict wasn’t kind. ABB stock jumped more than 5 percent on Wednesday after the Swiss engineering conglomerate announced a parting of ways. The company doesn’t have a replacement lined up, so chairman Peter Voser – a former boss of Royal Dutch Shell Plc – will run things until one is found.