ABB (NYSE:ABBNY) Cut to Hold at Kepler Capital Markets

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

Several other research firms have also recently issued reports on ABBNY. Cfra Research cut ABB from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 21st. Dnb Nor Markets upgraded ABB from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, ABB presently has a consensus rating of "Hold".

ABB Price Performance

Shares of NYSE:ABBNY traded down $0.58 during trading on Tuesday, hitting $57.22. 1,500,361 shares of the company's stock were exchanged, compared to its average volume of 275,866. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 0.99. ABB has a 52-week low of $45.36 and a 52-week high of $60.32. The business's 50-day simple moving average is $55.35 and its 200 day simple moving average is $55.05. The company has a market cap of $106.46 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 2.48 and a beta of 1.16.

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.