Kepler Capital Markets Upgrades ABB (NYSE:ABBNY) to Strong-Buy

ABB (NYSE:ABBNY) was upgraded by stock analysts at Kepler Capital Markets from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

ABBNY has been the topic of a number of other reports. Sanford C. Bernstein downgraded ABB from a “market perform” rating to an “underperform” rating in a report on Monday, January 6th. Dnb Nor Markets upgraded ABB from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

ABB Trading Up 5.9 %

Shares of NYSE ABBNY opened at $49.58 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.37. The business’s 50 day moving average price is $54.29 and its 200-day moving average price is $55.68. ABB has a fifty-two week low of $45.13 and a fifty-two week high of $59.67. The company has a market cap of $92.25 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 2.48 and a beta of 1.11.

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.