ABB (NYSE:ABBNY) Downgraded to “Buy” Rating by Wall Street Zen

ABB (NYSE:ABBNY) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

A number of other equities research analysts have also recently issued reports on ABBNY. Kepler Capital Markets upgraded shares of ABB from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of ABB in a research note on Thursday, January 15th. Zacks Research downgraded ABB from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Evercore started coverage on ABB in a research report on Monday, December 15th. They set a “hold” rating for the company. Finally, Sanford C. Bernstein raised shares of ABB from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $58.00.

ABB Price Performance

NYSE ABBNY opened at $90.56 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $166.98 billion, a PE ratio of 42.72, a price-to-earnings-growth ratio of 2.48 and a beta of 1.25. ABB has a 12-month low of $45.36 and a 12-month high of $91.67. The company has a 50 day moving average price of $79.93 and a two-hundred day moving average price of $73.82.

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.