ABB (OTCMKTS:ABBNY) Upgraded at Dnb Carnegie

Dnb Carnegie upgraded shares of ABB (OTCMKTS:ABBNY) from a hold rating to a strong-buy rating in a research report report published on Thursday,Zacks.com reports.

Several other equities analysts have also issued reports on ABBNY. TD Cowen reaffirmed a “hold” rating on shares of ABB in a research note on Tuesday, June 30th. Barclays upgraded shares of ABB from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Pareto Securities raised shares of ABB from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Research downgraded shares of ABB from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Wall Street Zen lowered shares of ABB from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $58.00.

ABB Price Performance

ABBNY opened at $98.29 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.38 and a quick ratio of 1.05. The stock has a market capitalization of $179.20 billion, a P/E ratio of 35.48, a price-to-earnings-growth ratio of 1.54 and a beta of 1.36. The company’s 50 day simple moving average is $104.97 and its 200-day simple moving average is $92.69. ABB has a one year low of $63.77 and a one year high of $110.20.

ABB (OTCMKTS:ABBNY) last posted its quarterly earnings data on Thursday, July 16th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.13). The firm had revenue of $9.47 billion for the quarter, compared to analyst estimates of $9.34 billion. ABB had a return on equity of 31.52% and a net margin of 13.86%. Sell-side analysts anticipate that ABB will post 3.61 earnings per share for the current fiscal year.

About ABB

ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.