ABB (NYSE:ABBNY) Stock Rating Upgraded by Kepler Capital Markets

ABB (NYSE:ABBNY) was upgraded by Kepler Capital Markets from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts have also weighed in on the company. BNP Paribas Exane started coverage on ABB in a research report on Tuesday, September 30th. They set an “underperform” rating and a $58.00 price target on the stock. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of ABB in a report on Thursday, January 15th. Sanford C. Bernstein upgraded shares of ABB from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 7th. Zacks Research downgraded shares of ABB from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Finally, Evercore ISI started coverage on shares of ABB in a research report on Monday, December 15th. They issued a “hold” rating for the company. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $58.00.

ABB Price Performance

Shares of NYSE:ABBNY opened at $79.21 on Tuesday. The company’s fifty day moving average is $73.98 and its two-hundred day moving average is $71.02. The company has a market cap of $146.06 billion, a P/E ratio of 37.36, a price-to-earnings-growth ratio of 2.48 and a beta of 1.23. ABB has a 12-month low of $45.36 and a 12-month high of $80.67. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.44.

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.