ABB Ltd (NYSE:ABBNY) Receives Consensus Recommendation of "Hold" from Analysts

ABB Ltd (NYSE:ABBNY - Get Free Report) has received an average recommendation of "Hold" from the six analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a strong buy recommendation on the company.

A number of brokerages have commented on ABBNY. Dnb Nor Markets raised ABB from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 1st. Kepler Capital Markets lowered ABB from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Finally, Cfra Research lowered ABB from a "moderate buy" rating to a "hold" rating in a report on Monday, April 21st.

ABB Trading Down 1.1%

NYSE ABBNY traded down $0.67 during trading hours on Tuesday, hitting $59.45. 192,838 shares of the company's stock were exchanged, compared to its average volume of 280,511. The stock has a 50-day simple moving average of $57.40 and a 200 day simple moving average of $55.22. ABB has a 1-year low of $45.36 and a 1-year high of $60.61. The firm has a market cap of $110.61 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 2.48 and a beta of 1.15. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44.

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.