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

Key Points

• ABB Ltd (NYSE:ABBNY) has received an average recommendation of "Hold" from seven research firms, with ratings varying from sell to strong buy.
• The stock opened at $67.57 and has a market cap of $124.59 billion, with a price-to-earnings ratio of 31.87.
• Recent rating changes include a downgrade from strong-buy to hold by Kepler Capital, while Citigroup upgraded it from hold to strong-buy.

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

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

ABB Trading Down 0.9%

NYSE:ABBNY traded down $0.63 during trading hours on Wednesday, hitting $67.11. 127,273 shares of the stock were exchanged, compared to its average volume of 265,357. The company's 50 day moving average is $63.68 and its two-hundred day moving average is $57.85. ABB has a twelve month low of $45.36 and a twelve month high of $67.82. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $123.74 billion, a P/E ratio of 31.66, a price-to-earnings-growth ratio of 2.48 and a beta of 1.14.

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.