ABB (NYSE:ABBNY) Raised to Strong-Buy at Wall Street Zen

ABB (NYSE:ABBNY) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

Other research analysts have also recently issued research reports about the company. Zacks Research cut ABB from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Sanford C. Bernstein raised ABB from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 7th. Evercore ISI began coverage on ABB in a report on Monday, December 15th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of ABB in a report on Thursday, January 15th. Finally, Kepler Capital Markets upgraded shares of ABB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, ABB has an average rating of “Hold” and an average target price of $58.00.

ABB Price Performance

ABBNY stock opened at $86.10 on Friday. The stock’s 50 day moving average price is $74.75 and its 200 day moving average price is $71.32. The firm has a market cap of $158.76 billion, a P/E ratio of 40.61, a PEG ratio of 2.48 and a beta of 1.23. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.37. ABB has a 1 year low of $45.36 and a 1 year high of $88.67.

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.