ABB Ltd (NYSE:ABBNY) Receives Consensus Rating of "Hold" from 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.

Shares of ABB Ltd (NYSE:ABBNY - Get Free Report) have been assigned a consensus rating of "Hold" from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a strong buy rating to the company.

ABBNY has been the topic of a number of recent analyst reports. Wall Street Zen cut ABB from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Kepler Capital Markets lowered ABB from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Citigroup raised ABB from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 21st. Cfra Research lowered ABB from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 21st. Finally, Barclays reissued an "underweight" rating on shares of ABB in a research report on Tuesday, July 15th.

ABB Price Performance

Shares of ABB stock traded up $1.14 on Friday, hitting $65.69. 204,809 shares of the company were exchanged, compared to its average volume of 279,692. The stock has a market capitalization of $121.13 billion, a price-to-earnings ratio of 30.99, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The company has a 50-day moving average price of $60.08 and a 200 day moving average price of $56.34. ABB has a 1-year low of $45.36 and a 1-year high of $67.32. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.44.

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.