ABB (NYSE:ABBNY) Upgraded at Zacks Research

Zacks Research upgraded shares of ABB (NYSE:ABBNY) from a hold rating to a strong-buy rating in a report published on Thursday,Zacks.com reports.

Several other research firms also recently issued reports on ABBNY. Citigroup upgraded ABB from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 21st. BNP Paribas started coverage on ABB in a research report on Tuesday, September 30th. They set an “underperform” rating and a $58.00 target price for the company. Barclays reiterated an “underweight” rating on shares of ABB in a research report on Tuesday, July 15th. Finally, Wall Street Zen downgraded ABB from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 26th. Three analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $58.00.

ABB Stock Performance

ABBNY opened at $73.91 on Thursday. The business has a fifty day simple moving average of $70.01 and a 200 day simple moving average of $61.70. The company has a market capitalization of $136.27 billion, a PE ratio of 34.86, a price-to-earnings-growth ratio of 2.48 and a beta of 1.20. ABB has a 1 year low of $45.36 and a 1 year high of $74.72. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 0.99.

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.