ABB (NYSE:ABBNY) Earns Strong Sell Rating from Analysts at BNP Paribas

Key Points

• Analysts at BNP Paribas have initiated coverage on ABB with a "strong sell" rating, indicating negative sentiment towards the stock.
• Other research firms have provided mixed ratings on ABB, leading to an average rating of "Hold" with a target price of $58.00.
• As of now, ABB's stock is priced at $73.19 after a 1.1% increase, with a market capitalization of $134.95 billion.

Stock analysts at BNP Paribas initiated coverage on shares of ABB (NYSE:ABBNY - Get Free Report) in a research report issued on Tuesday, Marketbeat.com reports. The firm set a "strong sell" rating on the industrial products company's stock.

A number of other research firms also recently commented on ABBNY. Wall Street Zen downgraded shares of ABB from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Barclays reiterated an "underweight" rating on shares of ABB in a report on Tuesday, July 15th. Citigroup raised shares of ABB from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 21st. Finally, Kepler Capital Markets cut shares of ABB from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, ABB has an average rating of "Hold" and an average target price of $58.00.

ABB Stock Up 1.1%

Shares of NYSE:ABBNY opened at $73.19 on Tuesday. 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 stock's 50-day moving average price is $68.33 and its 200-day moving average price is $60.26. The stock has a market capitalization of $134.95 billion, a P/E ratio of 34.52, a price-to-earnings-growth ratio of 2.48 and a beta of 1.20. ABB has a 12-month low of $45.36 and a 12-month high of $73.43.

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.