ABB (NYSE:ABBNY) Upgraded at Zacks Research

Key Points

• ABB has been upgraded from a "hold" rating to a "strong-buy" by Zacks Research, indicating positive analyst sentiment.
• Other brokerages, including Citigroup, also upgraded ABB, while Barclays maintained an "underweight" rating, reflecting varied views on the stock.
• ABB's stock price as of Thursday opened at $73.91 with a twelve-month range of $45.36 to $74.72, highlighting significant price movement in the past year.

ABB (NYSE:ABBNY - Get Free Report) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other brokerages also recently issued reports on ABBNY. Citigroup upgraded ABB from a "hold" rating to a "strong-buy" rating in a report on Monday, July 21st. Barclays restated an "underweight" rating on shares of ABB in a research note on Tuesday, July 15th. BNP Paribas initiated coverage on ABB in a research note on Tuesday, September 30th. They issued an "underperform" rating and a $58.00 price objective for the company. Finally, Wall Street Zen downgraded ABB from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. Three equities research analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $58.00.

ABB Price Performance

Shares of NYSE:ABBNY opened at $73.91 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.44. ABB has a twelve month low of $45.36 and a twelve month high of $74.72. The stock's 50 day moving average is $70.01 and its 200-day moving average is $61.63. The firm has a market capitalization of $136.27 billion, a price-to-earnings ratio of 34.86, a PEG ratio of 2.48 and a beta of 1.20.

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.

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