ABB Ltd (NYSE:ABBNY) Receives Average Rating of "Hold" from Brokerages

Shares of ABB Ltd (NYSE:ABBNY - Get Free Report) have been assigned an average rating of "Hold" from the eight ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $58.00.

Several equities research analysts recently commented on the company. Citigroup upgraded ABB from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 21st. Barclays restated an "underweight" rating on shares of ABB in a research 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. Finally, BNP Paribas initiated coverage on ABB in a report on Tuesday, September 30th. They issued an "underperform" rating and a $58.00 price target on the stock.

ABB Stock Up 1.5%

Shares of ABB stock opened at $74.19 on Thursday. ABB has a one year low of $45.36 and a one year high of $74.71. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 0.99. The stock's 50-day moving average is $69.70 and its 200 day moving average is $61.33. The firm has a market cap of $136.80 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 2.48 and a beta of 1.20.

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.

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