ABB Ltd (NYSE:ABBNY - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $60.63 and last traded at $59.93, with a volume of 203257 shares changing hands. The stock had previously closed at $59.50.
Analysts Set New Price Targets
Several equities research analysts recently commented on the company. Cfra Research cut ABB from a "moderate buy" rating to a "hold" rating in a report on Monday, April 21st. Kepler Capital Markets cut ABB from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. Dnb Nor Markets raised ABB from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 1st. Wall Street Zen raised ABB from a "hold" rating to a "strong-buy" rating in a research note on Friday. Finally, Barclays restated an "underweight" rating on shares of ABB in a research report on Tuesday. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, ABB presently has an average rating of "Hold".
Read Our Latest Stock Report on ABB
ABB Price Performance
The company has a market capitalization of $119.95 billion, a PE ratio of 30.68, 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 stock has a fifty day simple moving average of $58.23 and a 200-day simple moving average of $55.50.
About ABB
(
Get Free Report)
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.
See Also
Before you consider ABB, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ABB wasn't on the list.
While ABB currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
