ABB Ltd (NYSE:ABBNY) Given Consensus Recommendation of “Hold” by Brokerages

ABB Ltd (NYSE:ABBNY) has been given an average recommendation of “Hold” by the seven brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a strong buy rating to the company.

A number of brokerages have recently weighed in on ABBNY. Kepler Capital Markets lowered ABB from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 17th. Wall Street Zen lowered ABB from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 26th. Barclays reiterated an “underweight” rating on shares of ABB in a research note on Tuesday, July 15th. Finally, Citigroup upgraded ABB from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 21st.

ABB Price Performance

NYSE:ABBNY opened at $71.82 on Friday. The firm has a market capitalization of $132.43 billion, a price-to-earnings ratio of 33.88, a P/E/G ratio of 2.48 and a beta of 1.18. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.44. ABB has a 12-month low of $45.36 and a 12-month high of $72.31. The stock’s 50 day moving average price is $67.39 and its two-hundred day moving average price is $59.50.

About ABB

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.