ABB Ltd (NYSE:ABBNY) Receives Average Rating of “Hold” from Brokerages

ABB Ltd (NYSE:ABBNY) has earned an average rating of “Hold” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $58.00.

A number of research analysts recently issued reports on the stock. Wall Street Zen raised shares of ABB from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Kepler Capital Markets upgraded shares of ABB from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Evercore ISI started coverage on ABB in a research report on Monday, December 15th. They issued a “hold” rating on the stock. Sanford C. Bernstein raised ABB from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of ABB in a research note on Thursday, January 15th.

ABB Price Performance

Shares of ABBNY stock opened at $86.10 on Friday. The business’s fifty day moving average is $74.75 and its 200 day moving average is $71.32. 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 has a market cap of $158.76 billion, a price-to-earnings ratio of 40.61, a PEG ratio of 2.48 and a beta of 1.23. ABB has a twelve month low of $45.36 and a twelve month high of $88.67.

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.