ABB Ltd (NYSE:ABBNY) Given Consensus Rating of “Hold” by Brokerages

Shares of ABB Ltd (NYSE:ABBNY) have received a consensus recommendation of “Hold” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $58.00.

A number of analysts recently issued reports on ABBNY shares. Zacks Research upgraded shares of ABB from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Wall Street Zen lowered shares of ABB from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of ABB in a research report on Thursday, January 15th. Kepler Capital Markets upgraded shares of ABB from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Finally, Sanford C. Bernstein upgraded shares of ABB from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th.

ABB Trading Up 8.1%

Shares of ABBNY opened at $89.20 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $86.30 and a 200-day simple moving average of $77.80. ABB has a 1-year low of $46.18 and a 1-year high of $93.40. The stock has a market cap of $164.48 billion, a price-to-earnings ratio of 42.08, a price-to-earnings-growth 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.