ABB (NYSE:ABBNY) Sets New 1-Year High - What's Next?

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

Analysts Set New Price Targets

Several research firms recently weighed in on ABBNY. Dnb Nor Markets raised shares of ABB from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 1st. Cfra Research downgraded ABB from a "moderate buy" rating to a "hold" rating in a report on Monday, April 21st. Finally, Kepler Capital Markets raised ABB from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

ABB Price Performance

The company has a market capitalization of $110.69 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 2.48 and a beta of 1.16. The business has a 50-day moving average price of $54.48 and a two-hundred day moving average price of $55.02. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.44.

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.