ABB (NYSE:ABBNY) Downgraded by Wall Street Zen to Buy

Key Points

• ABB was downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, reflecting a shift in analyst sentiment regarding the stock's future performance.
• Various analysts have issued mixed ratings on ABB, with scores ranging from sell to strong buy, leading to an average rating of "Hold".
• The stock opened at $67.04 and has shown significant price movement over the past year, with a low of $45.36 and a high of $67.32.

ABB (NYSE:ABBNY - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating in a note issued to investors on Saturday.

A number of other research analysts also recently commented on the stock. Barclays reissued an "underweight" rating on shares of ABB in a research report on Tuesday, July 15th. Cfra Research lowered shares of ABB from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 21st. Kepler Capital Markets downgraded shares of ABB from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. Citigroup upgraded shares of ABB from a "hold" rating to a "strong-buy" rating in a report on Monday, July 21st. Finally, Dnb Nor Markets upgraded ABB from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold".

ABB Trading Down 0.2%

Shares of ABBNY traded down $0.13 during trading hours on Friday, hitting $65.84. The stock had a trading volume of 343,247 shares, compared to its average volume of 279,767. The company's fifty day simple moving average is $59.59 and its 200 day simple moving average is $56.09. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.37. ABB has a 12-month low of $45.36 and a 12-month high of $67.32. The firm has a market cap of $121.40 billion, a P/E ratio of 31.06, a P/E/G ratio of 2.48 and a beta of 1.15.

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.