ABB (NYSE:ABBNY) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of ABB (NYSE:ABBNY) from a hold rating to a strong-buy rating in a report released on Thursday morning,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Barclays upgraded shares of ABB from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Citigroup reiterated a “neutral” rating on shares of ABB in a research report on Thursday, April 23rd. Wall Street Zen cut shares of ABB from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft upgraded shares of ABB from a “sell” rating to a “hold” rating in a report on Thursday, April 23rd. Finally, Kepler Capital Markets cut shares of ABB from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, ABB currently has an average rating of “Hold” and a consensus target price of $58.00.

ABB Trading Down 2.9%

ABBNY stock opened at $103.91 on Thursday. 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 $56.18 and a twelve month high of $107.84. The stock has a market capitalization of $189.44 billion, a price-to-earnings ratio of 49.01, a price-to-earnings-growth ratio of 2.48 and a beta of 1.36. The firm’s fifty day simple moving average is $91.15 and its two-hundred day simple moving average is $82.36.

About ABB

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.