ABB (NYSE:ABBNY) Stock Rating Upgraded by Barclays

ABB (NYSE:ABBNY) was upgraded by research analysts at Barclays from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of ABB in a research note on Thursday, January 15th. Kepler Capital Markets raised shares of ABB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Evercore started coverage on shares of ABB in a research note on Monday, December 15th. They issued a “hold” rating for the company. Sanford C. Bernstein raised shares of ABB from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 7th. Finally, Wall Street Zen downgraded shares of ABB from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, ABB currently has a consensus rating of “Hold” and a consensus price target of $58.00.

ABB Price Performance

ABBNY stock opened at $92.52 on Monday. The firm has a market cap of $170.60 billion, a price-to-earnings ratio of 43.64, a PEG ratio of 2.48 and a beta of 1.28. 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 12-month low of $49.58 and a 12-month high of $93.40. The company’s fifty day simple moving average is $86.63 and its 200 day simple moving average is $78.40.

ABB Company Profile

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.