|Bid||0.00 x 4000|
|Ask||0.00 x 4000|
|Day's range||19.24 - 19.53|
|52-week range||18.05 - 28.67|
|Beta (3Y monthly)||1.16|
|PE ratio (TTM)||18.51|
|Forward dividend & yield||0.83 (4.31%)|
|1y target est||22.58|
“We bought six companies in the last two years in robotics and will acquire more,” the newspaper cited the 54-year-old CEO as saying. The executive, who in December told Bloomberg he had the “financial horsepower” for more deals, reiterated plans to bolster the company’s electrification arm in Latin America, southeast Asia and sub-Saharan Africa.
ABB stock might look attractive after its 29% drop in 2018 and the company's latest multibillion-dollar announcement, but invest only after reading this.
ABB intends to grow on the back of stellar sales, acquisitions and the Power Grids divestiture. However, material cost inflation remains a major drag.
The divestment of ABB's Power Grids business will enable it to focus more on its core businesses and technologies such as artificial intelligence.
TOKYO, Dec 18, 2018 - (JCN Newswire) - Hitachi, Ltd. (TSE:6501) has decided to acquire the world-leading power grids business from ABB Ltd (NYSE:ABB - News) and has signed an agreement with ABB. Hitachi plans to initially acquire an 80.1% stake in the power grids business and expects to close the acquisition in the first half of 2020, making power grids a consolidated subsidiary.
Stocks that moved substantially or traded heavily Monday: Molina Healthcare Inc., down $11.72 to $120 Insurers, hospitals and other health care companies fell after a Texas judge ruled that the 2010 Affordable ...
The $6.4 billion Hitachi-ABB deal makes Hitachi the world's No. 2 player in heavy electrical equipment by revenue behind General Electric.
CEO Ulrich Spiesshofer had previously resisted demands from the activist investor Cevian Capital to separate its power grids unit, which contributes a quarter of ABB’s sales but comparatively little profit. On Monday he capitulated, with the company saying it will sell a majority stake in the unit to Japan’s Hitachi Ltd and return roughly $7.7 billion of net proceeds to shareholders. The sale price for the power grids assets is roughly in line with what analysts had assumed.
Hitachi is nearing an agreement to buy 80.1 percent of Swiss engineering giant ABB Ltd.’s power-grid unit, in a deal that values the entire business at $11 billion. ABB has an option to sell its 19.9 percent stake three years after the current deal – Hitachi's largest-ever purchase – is completed. In its statement, ABB noted that Hitachi would help provide access to new markets as well as financing.
International giant ABB turned in a great quarter, and there's more good news to come. Here's why investors should like this high-yield stock.
NEW YORK, Oct. 31, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
This new factory will set out to “shape the next generation of manufacturing, the next generation of capacity,” Chief Executive Officer Ulrich Spiesshofer said in an interview in Shanghai on Saturday. Production is expected to begin by the end of 2020 and annual capacity will be around 100,000 robots, or one quarter of its global demand last year, Spiesshofer said. The Shanghai plant, located in the Kangqiao area, will be the company’s single largest robotics facility around the world, producing the full range of ABB’s products from small payload robots to large ones that can lift an entire car, according to Spiesshofer.
ABB's revenues rise year over year in Q3 on the back of impressive growth in Robotics and Motion segment in addition to strong momentum in Electrification Products segment.
On a per-share basis, the Zurich-based company said it had profit of 28 cents. Earnings, adjusted for non-recurring costs, came to 34 cents per share. The industrial automation company posted revenue of ...