ABB Ltd (NYSE:ABBNY) Receives Average Recommendation of "Reduce" from Brokerages

Key Points

• MarketBeat reports a consensus rating of "Reduce" on ABB from eight covering analysts (one sell, seven hold) with an average 12‑month price target of $58.00.
• ABB opened at $101.00 and is trading near its 52‑week high ($101.99) despite the lower analyst target, with a market cap of $186.23B and a P/E of 47.64 indicating a premium valuation.
• ABB is a Zürich‑headquartered engineering and technology company specializing in electrification, automation, robotics and digitalization for utilities, industry, transportation and infrastructure.

ABB Ltd (NYSE:ABBNY - Get Free Report) has been assigned a consensus rating of "Reduce" from the eight ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $58.00.

Several equities research analysts have issued reports on ABBNY shares. Citigroup restated a "neutral" rating on shares of ABB in a research report on Thursday, April 23rd. Sanford C. Bernstein upgraded ABB from a "strong sell" rating to a "hold" rating in a research report on Wednesday, January 7th. Kepler Capital Markets downgraded ABB from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 27th. Wall Street Zen raised shares of ABB from a "hold" rating to a "buy" rating in a report on Saturday, April 18th. Finally, Deutsche Bank Aktiengesellschaft raised shares of ABB from a "sell" rating to a "hold" rating in a report on Thursday, April 23rd.

ABB Stock Performance

NYSE:ABBNY opened at $101.00 on Monday. The company has a market cap of $186.23 billion, a P/E ratio of 47.64, a P/E/G ratio of 2.48 and a beta of 1.36. The stock's fifty day moving average price is $88.42 and its two-hundred day moving average price is $80.42. ABB has a 1 year low of $53.73 and a 1 year high of $101.99. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 0.99.

About ABB

ABB Ltd. is a global engineering and technology company headquartered in Zürich, Switzerland, with roots dating to the 1988 merger of ASEA and Brown, Boveri & Cie. The company develops and supplies technologies that enable electrification, automation and digitalization across utility, industrial, transportation and infrastructure markets. ABB's offerings span hardware, software and services designed to improve efficiency, reliability and sustainability for its customers.

ABB's principal activities include electrification products and systems for power distribution and management; industrial and factory automation solutions; robotics and discrete automation for manufacturing; and motion technologies including electric motors and drives.

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