BNP Paribas Begins Coverage on ABB (NYSE:ABBNY)

Investment analysts at BNP Paribas started coverage on shares of ABB (NYSE:ABBNY) in a note issued to investors on Tuesday, Marketbeat.com reports. The firm set a “strong sell” rating on the industrial products company’s stock.

ABBNY has been the topic of several other reports. Barclays reissued an “underweight” rating on shares of ABB in a report on Tuesday, July 15th. Wall Street Zen downgraded shares of ABB from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 26th. Citigroup upgraded ABB from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 21st. Finally, Kepler Capital Markets downgraded ABB from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $58.00.

ABB Trading Up 1.1%

Shares of ABB stock opened at $73.19 on Tuesday. ABB has a 1 year low of $45.36 and a 1 year high of $73.43. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44. The company’s fifty day simple moving average is $68.33 and its 200-day simple moving average is $60.26. The company has a market cap of $134.95 billion, a price-to-earnings ratio of 34.52, a PEG ratio of 2.48 and a beta of 1.20.

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.