ABB Ltd (NYSE:ABBNY - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock 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 research firms have weighed in on ABBNY. Dnb Nor Markets raised ABB from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 1st. Barclays reissued an "underweight" rating on shares of ABB in a research report on Tuesday. Kepler Capital Markets downgraded ABB from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Finally, Cfra Research downgraded ABB from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold".
View Our Latest Analysis on ABBNY
ABB Price Performance
The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 0.99. The company has a 50 day moving average price of $58.02 and a 200 day moving average price of $55.42. The firm has a market cap of $120.41 billion, a PE ratio of 30.80, a PEG ratio of 2.48 and a beta of 1.15.
ABB Company Profile
(
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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.
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