ABB Ltd (NYSE:ABBNY) Given Consensus Recommendation of “Hold” by Analysts

ABB Ltd (NYSE:ABBNY) has earned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a strong buy rating to the company.

Several research firms have commented on ABBNY. Barclays reissued an “underweight” rating on shares of ABB in a research note on Tuesday, July 15th. Citigroup raised shares of ABB from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 21st. Kepler Capital Markets downgraded shares of ABB from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 17th. Finally, Wall Street Zen downgraded shares of ABB from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 26th.

ABB Trading Down 0.5%

Shares of ABBNY opened at $70.53 on Friday. The company has a market capitalization of $130.05 billion, a P/E ratio of 33.27, a P/E/G ratio of 2.48 and a beta of 1.18. ABB has a 1-year low of $45.36 and a 1-year high of $72.31. The firm’s 50 day simple moving average is $67.73 and its 200 day simple moving average is $59.69. 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 Company Profile

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.