ABB Ltd (NYSE:ABBNY) Receives Average Rating of “Hold” from Brokerages

ABB Ltd (NYSE:ABBNY) has received an average rating of “Hold” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $58.00.

A number of equities research analysts have weighed in on ABBNY shares. Zacks Research downgraded ABB from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of ABB in a research note on Thursday, January 15th. Wall Street Zen raised ABB from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. 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 raised shares of ABB from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 7th.

ABB Stock Down 0.5%

ABB stock opened at $90.51 on Wednesday. ABB has a 52 week low of $45.36 and a 52 week high of $91.67. The stock has a market cap of $166.89 billion, a price-to-earnings ratio of 42.69, a PEG ratio of 2.48 and a beta of 1.25. The company’s 50-day moving average price is $78.92 and its two-hundred day moving average price is $73.41. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44.

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.