ABB (NYSE:ABBNY) Rating Increased to Strong-Buy at Kepler Capital Markets

Kepler Capital Markets upgraded shares of ABB (NYSE:ABBNY) from a hold rating to a strong-buy rating in a research note published on Tuesday,Zacks.com reports.

ABBNY has been the subject of several other reports. Sanford C. Bernstein upgraded ABB from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Evercore ISI began coverage on shares of ABB in a report on Monday, December 15th. They issued a “hold” rating for the company. BNP Paribas Exane began coverage on ABB in a research report on Tuesday, September 30th. They issued an “underperform” rating and a $58.00 price target for the company. Zacks Research lowered ABB from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of ABB in a report on Thursday, January 15th. Three equities research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $58.00.

ABB Price Performance

Shares of ABBNY traded down $1.21 during mid-day trading on Tuesday, hitting $79.31. 201,040 shares of the company were exchanged, compared to its average volume of 262,239. The stock has a market cap of $146.24 billion, a price-to-earnings ratio of 37.41, a price-to-earnings-growth ratio of 2.48 and a beta of 1.23. ABB has a 1-year low of $45.36 and a 1-year high of $80.67. The company has a 50 day moving average of $73.75 and a 200-day moving average of $70.96. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.37.

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.