ABB (NYSE:ABBNY) Upgraded at Zacks Research

Zacks Research upgraded shares of ABB (NYSE:ABBNY) from a hold rating to a strong-buy rating in a report published on Tuesday morning,Zacks.com reports.

A number of other equities analysts also recently commented on ABBNY. Sanford C. Bernstein upgraded shares of ABB from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 7th. Evercore assumed coverage on ABB in a research report on Monday, December 15th. They set a “hold” rating for the company. Wall Street Zen downgraded ABB from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Kepler Capital Markets raised ABB from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of ABB in a research note on Thursday, January 15th. Four investment analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

ABB Price Performance

NYSE ABBNY opened at $83.46 on Tuesday. The firm’s 50 day moving average is $84.74 and its 200-day moving average is $76.52. 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 company has a market capitalization of $153.89 billion, a PE ratio of 39.37, a price-to-earnings-growth ratio of 2.48 and a beta of 1.24. ABB has a 12-month low of $45.36 and a 12-month high of $93.40.

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.