ABB (NYSE:ABBNY) Stock Rating Lowered by Wall Street Zen

ABB (NYSE:ABBNY) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other brokerages have also recently weighed in on ABBNY. Sanford C. Bernstein raised shares of ABB from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of ABB in a research report on Thursday, January 15th. Evercore began coverage on ABB in a research report on Monday, December 15th. They issued a “hold” rating for the company. Zacks Research cut ABB from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Finally, Kepler Capital Markets upgraded ABB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, ABB has a consensus rating of “Hold” and a consensus price target of $58.00.

ABB Stock Performance

Shares of ABB stock opened at $90.56 on Friday. ABB has a 12 month low of $45.36 and a 12 month high of $91.67. The stock’s fifty day moving average price is $79.93 and its 200-day moving average price is $73.94. The firm has a market cap of $166.98 billion, a P/E ratio of 42.72, a P/E/G ratio of 2.48 and a beta of 1.25. 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. 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.