ABB Ltd (OTCMKTS:ABBNY) Receives Consensus Rating of “Hold” from Brokerages

Shares of ABB Ltd (OTCMKTS:ABBNY) have received a consensus rating of “Hold” from the nine analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $58.00.

Several equities research analysts have recently issued reports on the stock. Kepler Capital Markets cut shares of ABB from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of ABB in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft upgraded shares of ABB from a “sell” rating to a “hold” rating in a research report on Thursday, April 23rd. Citigroup reiterated a “neutral” rating on shares of ABB in a research report on Thursday, April 23rd. Finally, Barclays upgraded shares of ABB from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th.

ABB Trading Up 0.2%

ABB stock opened at $106.37 on Friday. The stock has a market cap of $193.93 billion, a P/E ratio of 39.11, a PEG ratio of 1.73 and a beta of 1.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.38 and a quick ratio of 1.05. ABB has a 1 year low of $56.18 and a 1 year high of $108.64. The firm’s 50 day moving average price is $94.75 and its 200-day moving average price is $84.47.

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.