ABB Ltd (OTCMKTS:ABBNY) Given Average Rating of “Hold” by Brokerages

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

A number of brokerages have weighed in on ABBNY. Berenberg Bank raised ABB to a “hold” rating in a report on Monday, June 1st. Citigroup reaffirmed a “neutral” rating on shares of ABB in a report on Thursday. Zacks Research raised ABB from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Wall Street Zen cut shares of ABB from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Barclays raised shares of ABB from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th.

ABB Price Performance

ABBNY stock opened at $109.73 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.38 and a debt-to-equity ratio of 0.43. ABB has a 12 month low of $56.25 and a 12 month high of $110.20. The firm has a market cap of $200.05 billion, a P/E ratio of 40.34, a P/E/G ratio of 1.77 and a beta of 1.36. The company’s 50-day moving average price is $102.41 and its two-hundred day moving average price is $88.71.

ABB Company Profile

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.