ABB (NYSE:ABBNY) Rating Lowered to "Hold" at Cfra Research

Cfra Research cut shares of ABB (NYSE:ABBNY - Free Report) from a moderate buy rating to a hold rating in a research report sent to investors on Monday, April 21st,Zacks.com reports.

A number of other brokerages have also commented on ABBNY. Dnb Nor Markets raised ABB from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 1st. Sanford C. Bernstein downgraded ABB from a "market perform" rating to an "underperform" rating in a report on Monday, January 6th. Finally, Kepler Capital Markets upgraded ABB from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy".

ABB Stock Performance

ABBNY traded down $1.17 during midday trading on Monday, reaching $51.54. The company had a trading volume of 213,893 shares, compared to its average volume of 268,907. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average of $53.11 and a two-hundred day moving average of $55.05. The company has a market cap of $95.90 billion, a P/E ratio of 24.31, a P/E/G ratio of 2.48 and a beta of 1.11. ABB has a 1 year low of $45.36 and a 1 year high of $59.67.

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.