ABB Ltd (NYSE:ABBNY) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• ABB Ltd (NYSE:ABBNY) has received a consensus recommendation of "Hold" from seven research firms, with varied ratings including two sells and two strong buys.
• Recent analyst activity includes downgrades from Kepler Capital Markets and Wall Street Zen, while Citigroup upgraded ABB from a hold to a strong buy.
• The stock is currently trading at $67.57, showing a 1.4% increase, with a market cap of $124.59 billion and a price-to-earnings ratio of 31.87.

ABB Ltd (NYSE:ABBNY - Get Free Report) has earned an average recommendation of "Hold" from the seven research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a strong buy rating on the company.

A number of research firms have weighed in on ABBNY. Citigroup raised ABB from a "hold" rating to a "strong-buy" rating in a report on Monday, July 21st. Kepler Capital Markets downgraded ABB from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Wall Street Zen downgraded ABB from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Barclays reaffirmed an "underweight" rating on shares of ABB in a report on Tuesday, July 15th.

ABB Stock Performance

ABBNY traded down $0.63 on Wednesday, hitting $67.11. 127,273 shares of the stock traded hands, compared to its average volume of 265,357. ABB has a 52 week low of $45.36 and a 52 week high of $67.82. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $123.74 billion, a PE ratio of 31.66, a P/E/G ratio of 2.48 and a beta of 1.14. The business has a fifty day moving average price of $63.68 and a two-hundred day moving average price of $57.85.

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.