ABB (NYSE:ABBNY) Raised to Strong-Buy at Zacks Research

ABB (NYSE:ABBNY) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

Several other analysts also recently commented on the stock. Wall Street Zen downgraded shares of ABB from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Kepler Capital Markets downgraded shares of ABB from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft raised shares of ABB from a “sell” rating to a “hold” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada reissued a “sector perform” rating on shares of ABB in a research report on Wednesday, May 6th. Finally, Barclays raised shares of ABB from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $58.00.

ABB Stock Down 2.9%

NYSE:ABBNY opened at $103.91 on Thursday. The firm’s 50-day moving average price is $91.15 and its 200-day moving average price is $82.36. The company has a market capitalization of $189.44 billion, a PE ratio of 49.01, a P/E/G ratio of 2.48 and a beta of 1.36. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 0.99. ABB has a 1-year low of $56.18 and a 1-year high of $107.84.

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.