ABB Ltd (NYSE:ABBNY) Given Average Rating of “Hold” by Analysts

ABB Ltd (NYSE:ABBNY) has received an average rating of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a strong buy rating on the company.

Several research analysts have recently commented on the company. Wall Street Zen downgraded ABB from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 26th. Barclays reaffirmed an “underweight” rating on shares of ABB in a research note on Tuesday, July 15th. Citigroup raised ABB from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 21st. Kepler Capital Markets downgraded ABB from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 17th. Finally, Cfra Research downgraded ABB from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 21st.

ABB Stock Up 1.8%

ABBNY stock opened at $65.69 on Friday. ABB has a fifty-two week low of $45.36 and a fifty-two week high of $67.32. The business’s 50-day moving average is $60.25 and its two-hundred day moving average is $56.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.37. The company has a market cap of $121.13 billion, a price-to-earnings ratio of 30.99, a P/E/G ratio of 2.48 and a beta of 1.14.

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.