ABB (NYSE:ABBNY) Upgraded at Kepler Capital Markets

ABB (NYSE:ABBNY) was upgraded by investment analysts at Kepler Capital Markets from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Sanford C. Bernstein raised shares of ABB from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Evercore ISI initiated coverage on ABB in a research report on Monday, December 15th. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of ABB in a research note on Thursday, January 15th. BNP Paribas Exane assumed coverage on shares of ABB in a research report on Tuesday, September 30th. They set an “underperform” rating and a $58.00 price target on the stock. Finally, Zacks Research lowered ABB from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $58.00.

ABB Trading Down 1.0%

Shares of ABB stock traded down $0.82 during trading hours on Tuesday, hitting $79.70. The company’s stock had a trading volume of 10,446 shares, compared to its average volume of 257,180. 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 $146.96 billion, a PE ratio of 37.59, a P/E/G ratio of 2.48 and a beta of 1.23. The business has a fifty day moving average of $73.75 and a 200 day moving average of $70.96. ABB has a 1-year low of $45.36 and a 1-year high of $80.67.

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.