ABB (NYSE:ABBNY) Stock Rating Upgraded by Zacks Research

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

A number of other brokerages also recently commented on ABBNY. Royal Bank Of Canada restated a “sector perform” rating on shares of ABB in a research note on Wednesday, May 6th. Barclays upgraded ABB from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Kepler Capital Markets lowered ABB from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Citigroup reiterated a “neutral” rating on shares of ABB in a research report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded ABB from a “sell” rating to a “hold” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, ABB has a consensus rating of “Hold” and a consensus target price of $58.00.

ABB Price Performance

Shares of ABBNY opened at $103.91 on Thursday. The company has a market cap of $189.44 billion, a P/E ratio of 49.01, a PEG ratio of 2.48 and a beta of 1.36. The stock has a fifty day moving average price of $91.15 and a 200 day moving average price of $82.36. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 0.99. ABB has a 12 month low of $56.18 and a 12 month high of $107.84.

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.