ABB (NYSE:ABBNY) Upgraded by Zacks Research to “Strong-Buy” Rating

ABB (NYSE:ABBNY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

ABBNY has been the topic of several other research reports. Wall Street Zen downgraded shares of ABB from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Evercore initiated coverage on ABB in a report on Monday, December 15th. They issued a “hold” rating for the company. Kepler Capital Markets raised ABB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of ABB in a report on Thursday, January 15th. Finally, Sanford C. Bernstein raised ABB from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Four analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, ABB currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

ABB Price Performance

NYSE:ABBNY opened at $84.07 on Tuesday. ABB has a 12-month low of $45.36 and a 12-month high of $93.40. The firm has a market cap of $155.02 billion, a price-to-earnings ratio of 39.66, a price-to-earnings-growth ratio of 2.48 and a beta of 1.24. The company’s 50-day moving average is $84.55 and its two-hundred day moving average is $76.47. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44.

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.