ABB (NYSE:ABBNY) Reaches New 1-Year High – Should You Buy?

ABB Ltd (NYSE:ABBNY)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $95.94 and last traded at $95.78, with a volume of 19986 shares traded. The stock had previously closed at $92.47.

Analyst Ratings Changes

ABBNY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of ABB in a report on Thursday, January 15th. Zacks Research downgraded shares of ABB from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Wall Street Zen raised shares of ABB from a “hold” rating to a “buy” rating in a report on Saturday. Barclays raised shares of ABB from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Kepler Capital Markets raised shares of ABB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $58.00.

ABB Price Performance

The business’s 50 day moving average is $87.10 and its two-hundred day moving average is $78.82. The firm has a market capitalization of $177.55 billion, a PE ratio of 45.42, a P/E/G ratio of 2.48 and a beta of 1.28. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 0.99.

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.