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Shares of ABB (NYSE:ABB) have been given an average rating of “Hold” by the sixteen analysts that are presently covering the company, AnalystRatings.NET reports. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $24.45.

Shares of ABB (NYSE:ABB) opened at 24.76 on Thursday. ABB has a 52-week low of $20.65 and a 52-week high of $27.25. The stock’s 50-day moving average is $25.81 and its 200-day moving average is $24.22. The company has a market cap of $56.868 billion and a P/E ratio of 19.82.

Several analysts have recently commented on the stock. Analysts at Natixis upgraded shares of ABB from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, January 23rd. Analysts at Morgan Stanley upgraded shares of ABB to an “overweight” rating in a research note to investors on Thursday, January 16th.

ABB Ltd (NYSE:ABB) provides power and automation technologies for its utility and industrial customers.

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