ABB Ltd (NYSE:ABBNY – Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $108.0480 and last traded at $107.97, with a volume of 9882 shares. The stock had previously closed at $106.40.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of ABB in a research report on Wednesday, May 6th. Kepler Capital Markets cut shares of ABB from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Citigroup reiterated a “neutral” rating on shares of ABB in a research note on Thursday, April 23rd. Wall Street Zen lowered shares of ABB from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research upgraded shares of ABB from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $58.00.
Read Our Latest Analysis on ABB
ABB Trading Up 1.9%
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.
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