ABB (NYSE:ABBNY) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of ABB (NYSE:ABBNY) from a hold rating to a buy rating in a research note published on Saturday.

Other research analysts have also issued reports about the stock. Zacks Research lowered shares of ABB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Sanford C. Bernstein raised shares of ABB from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 7th. Citigroup downgraded shares of ABB from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Barclays raised shares of ABB from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of ABB in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, ABB has an average rating of “Hold” and a consensus target price of $58.00.

ABB Stock Performance

NYSE:ABBNY opened at $96.29 on Friday. ABB has a 1 year low of $49.58 and a 1 year high of $97.17. The firm’s fifty day simple moving average is $87.10 and its 200 day simple moving average is $78.82. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $177.55 billion, a PE ratio of 45.42, a PEG ratio of 2.48 and a beta of 1.28.

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.