ABB Ltd (NYSE:ABBNY) Receives $58.00 Average Price Target from Analysts

ABB Ltd (NYSE:ABBNY) has been assigned a consensus rating of “Hold” from the ten research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $58.00.

A number of equities analysts recently commented on ABBNY shares. BNP Paribas Exane assumed coverage on ABB in a research note on Tuesday, September 30th. They issued an “underperform” rating and a $58.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of ABB in a research note on Thursday, January 15th. Sanford C. Bernstein raised shares of ABB from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 7th. Zacks Research lowered shares of ABB from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Finally, Evercore ISI began coverage on ABB in a report on Monday, December 15th. They set a “hold” rating for the company.

ABB Stock Performance

NYSE ABBNY opened at $77.75 on Friday. The company has a market capitalization of $143.36 billion, a price-to-earnings ratio of 36.67, a PEG ratio of 2.48 and a beta of 1.23. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.44. ABB has a twelve month low of $45.36 and a twelve month high of $77.93. The stock has a fifty day simple moving average of $73.49 and a 200 day simple moving average of $70.81.

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.