ABB (NYSE:ABBNY) Upgraded by Sanford C. Bernstein to “Hold” Rating

Sanford C. Bernstein upgraded shares of ABB (NYSE:ABBNY) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

A number of other equities research analysts have also commented on ABBNY. Zacks Research lowered ABB from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. BNP Paribas initiated coverage on shares of ABB in a report on Tuesday, September 30th. They issued an “underperform” rating and a $58.00 price objective on the stock. Finally, Evercore ISI began coverage on shares of ABB in a research report on Monday, December 15th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $58.00.

ABB Trading Down 0.4%

ABB stock opened at $76.46 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.37. The stock has a market cap of $140.98 billion, a PE ratio of 36.07, a price-to-earnings-growth ratio of 2.48 and a beta of 1.23. The stock has a 50-day moving average of $72.38 and a two-hundred day moving average of $69.18. ABB has a one year low of $45.36 and a one year high of $77.50.

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.