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

ABB Ltd (NYSE:ABBNY) has been assigned an average rating of “Hold” from the nine research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $58.00.

ABBNY has been the subject of a number of recent analyst reports. Zacks Research lowered shares of ABB from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. BNP Paribas assumed coverage on shares of ABB in a report on Tuesday, September 30th. They set an “underperform” rating and a $58.00 price objective for the company. Finally, Evercore ISI assumed coverage on shares of ABB in a research note on Monday, December 15th. They issued a “hold” rating on the stock.

ABB Price Performance

Shares of ABBNY stock opened at $74.75 on Tuesday. The stock has a 50 day moving average price of $72.19 and a 200 day moving average price of $68.41. ABB has a 52-week low of $45.36 and a 52-week high of $77.00. 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 firm has a market capitalization of $137.83 billion, a P/E ratio of 35.26, a P/E/G ratio of 2.48 and a beta of 1.24.

ABB Company Profile

ABB Ltd. is a global engineering and technology company headquartered in Zürich, Switzerland, with roots dating to the 1988 merger of ASEA and Brown, Boveri & Cie. The company develops and supplies technologies that enable electrification, automation and digitalization across utility, industrial, transportation and infrastructure markets. ABB’s offerings span hardware, software and services designed to improve efficiency, reliability and sustainability for its customers.

ABB’s principal activities include electrification products and systems for power distribution and management; industrial and factory automation solutions; robotics and discrete automation for manufacturing; and motion technologies including electric motors and drives.