ABB (NYSE:ABBNY) Rating Lowered to “Hold” at Kepler Capital Markets

ABB (NYSE:ABBNY) was downgraded by investment analysts at Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Several other research analysts have also weighed in on the stock. Cfra Research lowered shares of ABB from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 21st. Dnb Nor Markets raised shares of ABB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

ABB Trading Down 0.5%

Shares of ABBNY opened at $57.80 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44. ABB has a 12-month low of $45.36 and a 12-month high of $60.32. The firm has a 50-day moving average price of $55.06 and a 200 day moving average price of $55.08. The firm has a market capitalization of $107.54 billion, a P/E ratio of 27.26, a P/E/G ratio of 2.48 and a beta of 1.16.

ABB Company Profile

ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.