ABB Ltd (NYSE:ABBNY) Given Average Rating of “Reduce” by Analysts

ABB Ltd (NYSE:ABBNY) has been assigned an average recommendation of “Reduce” from the nine research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $58.00.

ABBNY has been the subject of several recent research reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of ABB in a research report on Wednesday. Zacks Research lowered ABB from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft raised ABB from a “sell” rating to a “hold” rating in a research report on Thursday, April 23rd. Barclays raised ABB from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Citigroup reissued a “neutral” rating on shares of ABB in a research report on Thursday, April 23rd.

ABB Trading Up 3.3%

ABBNY opened at $106.50 on Monday. The firm has a market cap of $194.17 billion, a price-to-earnings ratio of 50.24, a PEG ratio of 2.48 and a beta of 1.36. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44. ABB has a 12 month low of $54.06 and a 12 month high of $106.63. The stock has a fifty day moving average price of $89.22 and a 200-day moving average price of $81.05.

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.