Wall Street Zen Upgrades ABB (NYSE:ABBNY) to Strong-Buy

ABB (NYSE:ABBNY) was upgraded by Wall Street Zen from a “hold” rating to a “strong-buy” rating in a research note issued on Friday.

Several other analysts have also commented on ABBNY. Barclays restated an “underweight” rating on shares of ABB in a report on Tuesday. Kepler Capital Markets cut ABB from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 17th. Dnb Nor Markets upgraded ABB from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 1st. Finally, Cfra Research lowered ABB from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 21st. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, ABB has an average rating of “Hold”.

ABB Price Performance

Shares of ABB stock opened at $65.05 on Friday. The stock has a market capitalization of $119.95 billion, a P/E ratio of 30.68, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. ABB has a one year low of $45.36 and a one year high of $65.57. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 0.99. The business’s 50 day simple moving average is $58.23 and its two-hundred day simple moving average is $55.51.

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.