ABB Ltd (NYSE:ABBNY) Receives $58.00 Average PT from Analysts

ABB Ltd (NYSE:ABBNY) has earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a strong buy rating 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.

Several analysts recently issued reports on the stock. Zacks Research cut shares of ABB from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. BNP Paribas began coverage on shares of ABB in a research note on Tuesday, September 30th. They issued an “underperform” rating and a $58.00 target price on the stock.

ABB Price Performance

ABBNY stock opened at $72.87 on Friday. The company has a market capitalization of $134.36 billion, a PE ratio of 34.37, 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. The stock’s 50 day moving average is $71.99 and its two-hundred day moving average is $66.55. ABB has a 52-week low of $45.36 and a 52-week high of $75.16.

ABB Company Profile

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.