ABB Ltd (NYSE:ABBNY) Receives Consensus Recommendation of “Hold” from Brokerages

ABB Ltd (NYSE:ABBNY) has been given a consensus rating of “Hold” by the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $58.00.

A number of equities research analysts recently issued reports on the stock. Sanford C. Bernstein raised shares of ABB from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of ABB in a report on Thursday, January 15th. Evercore ISI began coverage on ABB in a research note on Monday, December 15th. They set a “hold” rating on the stock. BNP Paribas Exane began coverage on ABB in a research report on Tuesday, September 30th. They set an “underperform” rating and a $58.00 price objective on the stock. Finally, Zacks Research cut ABB from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th.

ABB Trading Up 1.5%

Shares of ABB stock opened at $76.44 on Friday. ABB has a twelve month low of $45.36 and a twelve month high of $77.50. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $73.35 and a 200-day moving average price of $70.53. The firm has a market cap of $140.95 billion, a price-to-earnings ratio of 36.06, a PEG ratio of 2.48 and a beta of 1.23.

About ABB

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.