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

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

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

ABB Stock Performance

ABBNY stock traded down $0.15 during trading hours on Tuesday, hitting $49.43. 144,319 shares of the stock were exchanged, compared to its average volume of 241,943. The company has a 50-day simple moving average of $54.29 and a two-hundred day simple moving average of $55.68. The firm has a market capitalization of $91.97 billion, a P/E ratio of 23.32, a P/E/G ratio of 2.48 and a beta of 1.11. ABB has a 12 month low of $45.13 and a 12 month high of $59.67. 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.