ABB (NYSE:ABBNY) Upgraded at Kepler Capital Markets

Kepler Capital Markets upgraded shares of ABB (NYSE:ABBNY) from a hold rating to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

ABBNY has been the topic of a number of other research reports. Evercore ISI initiated coverage on ABB in a research report on Monday, December 15th. They issued a “hold” rating for the company. Zacks Research lowered shares of ABB from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of ABB in a report on Thursday, January 15th. BNP Paribas Exane started coverage on shares of ABB in a research note on Tuesday, September 30th. They set an “underperform” rating and a $58.00 price target for the company. Finally, Sanford C. Bernstein raised shares of ABB from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 7th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, ABB currently has a consensus rating of “Hold” and an average target price of $58.00.

ABB Stock Performance

Shares of NYSE:ABBNY opened at $87.49 on Tuesday. The company’s 50 day simple moving average is $74.38 and its 200 day simple moving average is $71.13. The stock has a market capitalization of $161.32 billion, a price-to-earnings ratio of 41.27, a price-to-earnings-growth ratio of 2.48 and a beta of 1.23. ABB has a 1 year low of $45.36 and a 1 year high of $88.67. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 0.99.

About ABB

ABB Ltd. is a global engineering and technology company headquartered in Zürich, Switzerland, with roots dating to the 1988 merger of ASEA and Brown, Boveri & Cie. The company develops and supplies technologies that enable electrification, automation and digitalization across utility, industrial, transportation and infrastructure markets. ABB’s offerings span hardware, software and services designed to improve efficiency, reliability and sustainability for its customers.

ABB’s principal activities include electrification products and systems for power distribution and management; industrial and factory automation solutions; robotics and discrete automation for manufacturing; and motion technologies including electric motors and drives.