ABB (NYSE:ABBNY) Stock Rating Upgraded by Wall Street Zen

ABB (NYSE:ABBNY) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

Several other analysts also recently issued reports on ABBNY. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of ABB in a report on Thursday, January 15th. Zacks Research cut shares of ABB from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Kepler Capital Markets upgraded ABB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Evercore ISI assumed coverage on ABB in a research note on Monday, December 15th. They set a “hold” rating for the company. Finally, Sanford C. Bernstein raised ABB from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, ABB currently has a consensus rating of “Hold” and an average target price of $58.00.

ABB Stock Down 1.6%

Shares of ABB stock opened at $86.10 on Friday. ABB has a 12-month low of $45.36 and a 12-month high of $88.67. 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 stock has a 50 day moving average price of $74.75 and a two-hundred day moving average price of $71.32. The stock has a market capitalization of $158.76 billion, a P/E ratio of 40.61, a PEG ratio of 2.48 and a beta of 1.23.

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.