ABB (NYSE:ABBNY) Raised to Strong-Buy at Kepler Capital Markets

Kepler Capital Markets upgraded shares of ABB (NYSE:ABBNY - Free Report) from a hold rating to a strong-buy rating in a report published on Tuesday, April 8th,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Dnb Nor Markets upgraded ABB from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 1st. Sanford C. Bernstein lowered ABB from a "market perform" rating to an "underperform" rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

ABB Stock Up 0.4 %

ABBNY traded up $0.18 during trading on Tuesday, hitting $50.75. The company had a trading volume of 131,731 shares, compared to its average volume of 249,728. The firm's 50-day moving average price is $54.07 and its 200 day moving average price is $55.50. ABB has a one year low of $45.13 and a one year high of $59.67. The company has a market capitalization of $94.43 billion, a PE ratio of 23.94, a PEG ratio of 2.48 and a beta of 1.11. 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 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.