ABB (NYSE:ABBNY) Stock Rating Lowered by Kepler Capital Markets

Key Points

• Kepler Capital Markets downgraded ABB (NYSE:ABBNY) from a "strong-buy" to a "hold" rating in a research note issued Monday.
• MarketBeat shows a consensus rating of "Reduce" with a consensus target price of $58.00, while ABB shares are trading near $99 (12‑month high $100.22), highlighting analyst caution versus current market valuation.

ABB (NYSE:ABBNY - Get Free Report) was downgraded by analysts at Kepler Capital Markets from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts also recently commented on the stock. Sanford C. Bernstein raised shares of ABB from a "strong sell" rating to a "hold" rating in a report on Wednesday, January 7th. Wall Street Zen raised shares of ABB from a "hold" rating to a "buy" rating in a research report on Saturday, April 18th. Deutsche Bank Aktiengesellschaft raised ABB from a "sell" rating to a "hold" rating in a report on Thursday. Citigroup reiterated a "neutral" rating on shares of ABB in a research note on Thursday. Finally, Barclays upgraded ABB from a "strong sell" rating to a "hold" rating in a research report on Monday, April 13th. Seven research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $58.00.

ABB Price Performance

Shares of ABBNY stock opened at $99.00 on Monday. The stock has a 50 day moving average of $87.97 and a two-hundred day moving average of $79.88. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $182.55 billion, a P/E ratio of 46.70, a P/E/G ratio of 2.48 and a beta of 1.28. ABB has a 12 month low of $51.50 and a 12 month high of $100.22.

ABB Company Profile

ABB Ltd. is a global engineering and technology company headquartered in Zürich, Switzerland, with roots dating to the 1988 merger of ASEA and Brown, Boveri & Cie. The company develops and supplies technologies that enable electrification, automation and digitalization across utility, industrial, transportation and infrastructure markets. ABB's offerings span hardware, software and services designed to improve efficiency, reliability and sustainability for its customers.

ABB's principal activities include electrification products and systems for power distribution and management; industrial and factory automation solutions; robotics and discrete automation for manufacturing; and motion technologies including electric motors and drives.

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