Analysts Set ABB Ltd (OTCMKTS:ABBNY) PT at $58.00

Shares of ABB Ltd (OTCMKTS:ABBNY) have been given a consensus rating of “Hold” by the nine analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $58.00.

ABBNY has been the subject of several research reports. Barclays upgraded shares of ABB from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft upgraded shares of ABB from a “sell” rating to a “hold” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of ABB in a research report on Wednesday, May 6th. Citigroup reiterated a “neutral” rating on shares of ABB in a research report on Thursday, April 23rd. Finally, Zacks Research upgraded shares of ABB from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th.

ABB Stock Up 2.0%

Shares of OTCMKTS:ABBNY opened at $108.95 on Friday. ABB has a 52-week low of $56.19 and a 52-week high of $110.20. The firm has a fifty day moving average of $95.67 and a 200 day moving average of $84.97. The firm has a market capitalization of $198.63 billion, a PE ratio of 40.06, a price-to-earnings-growth ratio of 1.74 and a beta of 1.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.05 and a current ratio of 1.38.

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.