Kepler Capital Markets Upgrades ABB (NYSE:ABBNY) to Strong-Buy

ABB (NYSE:ABBNY) was upgraded by research analysts at Kepler Capital Markets from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Sanford C. Bernstein lowered shares of ABB from a “market perform” rating to an “underperform” rating in a report on Monday, January 6th. Dnb Nor Markets raised ABB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

ABB Trading Down 0.3 %

Shares of NYSE:ABBNY traded down $0.15 during trading on Tuesday, hitting $49.43. 144,319 shares of the company’s stock were exchanged, compared to its average volume of 241,943. The firm has a 50-day moving average price of $54.29 and a two-hundred day moving average price of $55.68. ABB has a 1-year low of $45.13 and a 1-year high of $59.67. The firm has a market cap of $91.97 billion, a P/E ratio of 23.32, a PEG ratio of 2.48 and a beta of 1.11. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44.

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.