ABB Ltd (NYSE:ABBNY - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $59.64, but opened at $63.78. ABB shares last traded at $64.19, with a volume of 83,660 shares trading hands.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Cfra Research cut shares of ABB from a "moderate buy" rating to a "hold" rating in a research note on Monday, April 21st. Wall Street Zen upgraded shares of ABB from a "hold" rating to a "strong-buy" rating in a research report on Friday. Kepler Capital Markets lowered shares of ABB from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Dnb Nor Markets raised shares of ABB from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Barclays restated an "underweight" rating on shares of ABB in a research report on Tuesday, July 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, ABB has an average rating of "Hold".
Check Out Our Latest Report on ABB
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 firm has a market cap of $119.95 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The firm has a 50-day simple moving average of $58.23 and a 200 day simple moving average of $55.52.
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.
Read More
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
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
