ABB Ltd (NYSE:ABBNY) Given Consensus Rating of “Moderate Buy” by Analysts

ABB Ltd (NYSE:ABBNY) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $58.00.

ABBNY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of ABB in a research note on Thursday, January 15th. Sanford C. Bernstein upgraded ABB from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 7th. Zacks Research raised ABB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Wall Street Zen cut ABB from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 21st. Finally, Evercore initiated coverage on ABB in a research report on Monday, December 15th. They set a “hold” rating on the stock.

ABB Trading Down 0.7%

Shares of ABBNY opened at $83.46 on Friday. ABB has a fifty-two week low of $45.36 and a fifty-two week high of $93.40. The firm has a market cap of $153.89 billion, a price-to-earnings ratio of 39.37, a PEG ratio of 2.48 and a beta of 1.24. The firm has a 50 day moving average price of $84.74 and a 200-day moving average price of $76.52. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.37.

ABB Company Profile

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.