ABB (NYSE:ABBNY) Lowered to “Hold” Rating by Wall Street Zen

ABB (NYSE:ABBNY) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Other equities research analysts have also issued reports about the company. Zacks Research upgraded shares of ABB from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Kepler Capital Markets raised ABB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of ABB in a research report on Thursday, January 15th. Sanford C. Bernstein upgraded ABB from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 7th. Finally, Evercore began coverage on shares of ABB in a report on Monday, December 15th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $58.00.

ABB Stock Performance

Shares of ABBNY stock opened at $82.21 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.44. ABB has a 52 week low of $45.36 and a 52 week high of $93.40. The stock has a fifty day moving average of $85.95 and a 200 day moving average of $77.45. The firm has a market capitalization of $151.59 billion, a price-to-earnings ratio of 38.78, a PEG ratio of 2.48 and a beta of 1.28.

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.