ABB (OTCMKTS:ABBNY) Upgraded by Dnb Carnegie to Strong-Buy Rating

Dnb Carnegie upgraded shares of ABB (OTCMKTS:ABBNY) from a hold rating to a strong-buy rating in a report published on Thursday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Zacks Research cut ABB from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Barclays upgraded shares of ABB from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Kepler Capital Markets downgraded shares of ABB from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft upgraded ABB from a “sell” rating to a “hold” rating in a research note on Thursday, April 23rd. Finally, Wall Street Zen cut ABB from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $58.00.

ABB Trading Up 1.7%

Shares of ABB stock opened at $98.29 on Thursday. 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 company has a market capitalization of $179.20 billion, a P/E ratio of 35.48, a PEG ratio of 1.51 and a beta of 1.36. ABB has a 1 year low of $63.77 and a 1 year high of $110.20. The company’s fifty day moving average is $104.97 and its two-hundred day moving average is $92.69.

ABB (OTCMKTS:ABBNY) last posted its quarterly earnings data on Thursday, July 16th. The industrial products company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.13). ABB had a net margin of 13.86% and a return on equity of 31.52%. The company had revenue of $9.47 billion for the quarter, compared to analysts’ expectations of $9.34 billion. Analysts forecast that ABB will post 3.62 earnings per share for the current 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.