ABB Ltd (NYSE:ABBNY) Given Average Recommendation of "Hold" by Analysts

Key Points

• ABB Ltd has received a consensus recommendation of "Hold" from seven covering brokerages, with ratings including two sell, three hold, and two strong buy.
• Recent analyst activities include Barclays reiterating a "underweight" rating, while Citigroup upgraded ABB from "hold" to "strong buy".
• As of the latest trading, ABB's stock price opened at $64.55, with a fifty-two week high of $67.32 and a low of $45.36.

ABB Ltd (NYSE:ABBNY - Get Free Report) has received a consensus rating of "Hold" from the seven brokerages that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a strong buy recommendation to the company.

Several brokerages have recently issued reports on ABBNY. Cfra Research lowered shares of ABB from a "moderate buy" rating to a "hold" rating in a research note on Monday, April 21st. Barclays reaffirmed an "underweight" rating on shares of ABB in a report on Tuesday, July 15th. Wall Street Zen lowered ABB from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Citigroup raised ABB from a "hold" rating to a "strong-buy" rating in a report on Monday, July 21st. Finally, Kepler Capital Markets lowered ABB from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th.

ABB Trading Down 1.2%

Shares of ABB stock traded down $0.77 on Friday, hitting $64.97. The stock had a trading volume of 122,622 shares, compared to its average volume of 278,179. The stock has a 50 day moving average of $60.41 and a 200 day moving average of $56.48. ABB has a twelve month low of $45.36 and a twelve month high of $67.32. 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 firm has a market capitalization of $119.79 billion, a P/E ratio of 30.64, a PEG ratio of 2.48 and a beta of 1.14.

About ABB

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.