ABB Ltd (NYSE:ABBNY) Receives $58.00 Average Price Target from Brokerages

Shares of ABB Ltd (NYSE:ABBNY) have been given an average rating of “Hold” by the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $58.00.

ABBNY has been the topic of a number of research reports. Wall Street Zen lowered shares of ABB from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Sanford C. Bernstein upgraded ABB from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of ABB in a research report on Thursday, January 15th. Evercore assumed coverage on ABB in a report on Monday, December 15th. They issued a “hold” rating for the company. Finally, Kepler Capital Markets upgraded shares of ABB from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th.

ABB Price Performance

Shares of ABB stock opened at $84.75 on Friday. The business has a 50 day moving average of $84.40 and a 200 day moving average of $76.42. ABB has a 52 week low of $45.36 and a 52 week high of $93.40. The company has a market cap of $156.27 billion, a PE ratio of 39.98, a P/E/G ratio of 2.48 and a beta of 1.24. The company has a quick ratio of 0.99, a current ratio of 1.37 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.