ABB (NYSE:ABBNY) Hits New 12-Month High - What's Next?

ABB Ltd (NYSE:ABBNY - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $65.99 and last traded at $65.49, with a volume of 297379 shares trading hands. The stock had previously closed at $65.05.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ABBNY. Wall Street Zen upgraded shares of ABB from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 18th. Kepler Capital Markets cut shares of ABB from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Barclays restated an "underweight" rating on shares of ABB in a report on Tuesday, July 15th. Dnb Nor Markets upgraded shares of ABB from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Citigroup upgraded shares of ABB from a "hold" rating to a "strong-buy" rating in a report on Monday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

ABB Stock Down 0.4%

The stock has a market cap of $123.66 billion, a P/E ratio of 31.63, a P/E/G ratio of 2.48 and a beta of 1.15. 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's fifty day moving average is $58.84 and its 200 day moving average is $55.75.

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.