Dnb Carnegie Upgrades ABB (OTCMKTS:ABBNY) to Strong-Buy

ABB (OTCMKTS:ABBNY) was upgraded by investment analysts at Dnb Carnegie from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Zacks Research lowered shares of ABB from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Pareto Securities upgraded shares of ABB from a “hold” rating to a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft upgraded shares of ABB from a “sell” rating to a “hold” rating in a report on Thursday, April 23rd. Barclays raised shares of ABB from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Wall Street Zen cut shares of ABB from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $58.00.

ABB Trading Up 1.7%

OTCMKTS:ABBNY opened at $98.29 on Thursday. ABB has a 1 year low of $63.77 and a 1 year high of $110.20. The stock has a market cap of $179.20 billion, a P/E ratio of 35.48, a P/E/G ratio of 1.51 and a beta of 1.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.05 and a current ratio of 1.38. The stock has a 50-day simple moving average of $104.97 and a 200-day simple moving average of $92.69.

ABB (OTCMKTS:ABBNY) last issued its earnings results on Thursday, July 16th. The industrial products company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.13). The business had revenue of $9.47 billion for the quarter, compared to analyst estimates of $9.34 billion. ABB had a return on equity of 31.52% and a net margin of 13.86%. As a group, analysts anticipate that ABB will post 3.62 earnings per share for the current fiscal year.

ABB Company Profile

ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.