ABB (NYSE:ABBNY) Reaches New 12-Month High - Time to Buy?

ABB Ltd (NYSE:ABBNY - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $59.91 and last traded at $59.88, with a volume of 22411 shares traded. The stock had previously closed at $58.36.

Analysts Set New Price Targets

ABBNY has been the topic of several research reports. Kepler Capital Markets downgraded shares of ABB from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Cfra Research lowered ABB from a "moderate buy" rating to a "hold" rating in a research note on Monday, April 21st. Finally, Dnb Nor Markets upgraded ABB from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

ABB Trading Down 0.5%

The business's 50 day moving average price is $55.06 and its 200-day moving average price is $55.08. The company has a market cap of $107.54 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 2.48 and a beta of 1.16. 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 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.