ABB Ltd (NYSE:ABBNY) Given Average Recommendation of “Hold” by Brokerages

ABB Ltd (NYSE:ABBNY) has been assigned an average recommendation of “Hold” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $58.00.

Several brokerages have recently issued reports on ABBNY. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of ABB in a research report on Thursday, January 15th. Sanford C. Bernstein upgraded ABB from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 7th. Kepler Capital Markets raised ABB from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Wall Street Zen lowered ABB from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 21st. Finally, Evercore initiated coverage on ABB in a research report on Monday, December 15th. They issued a “hold” rating on the stock.

ABB Price Performance

Shares of ABB stock opened at $83.40 on Friday. 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 fifty day simple moving average of $84.09 and a 200-day simple moving average of $76.11. The stock has a market capitalization of $153.78 billion, a price-to-earnings ratio of 39.34, a PEG ratio of 2.48 and a beta of 1.24. ABB has a 1-year low of $45.36 and a 1-year high of $93.40.

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.