ABB Ltd (NYSE:ABBNY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of ABB Ltd (NYSE:ABBNY) have earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $58.00.

Several research analysts have weighed in on the stock. Zacks Research downgraded shares of ABB from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. BNP Paribas assumed coverage on shares of ABB in a research report on Tuesday, September 30th. They set an “underperform” rating and a $58.00 target price for the company.

ABB Price Performance

Shares of NYSE:ABBNY opened at $72.46 on Friday. ABB has a twelve month low of $45.36 and a twelve month high of $75.16. The stock’s 50 day moving average is $71.95 and its 200-day moving average is $66.31. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $133.61 billion, a price-to-earnings ratio of 34.18, a PEG ratio of 2.48 and a beta of 1.24.

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.