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

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

ABBNY has been the subject of several other reports. Dnb Nor Markets raised shares of ABB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 1st. Sanford C. Bernstein lowered shares of ABB from a “market perform” rating to an “underperform” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, ABB currently has a consensus rating of “Moderate Buy”.

ABB Trading Up 5.9 %

ABB stock opened at $49.58 on Tuesday. The firm has a 50 day simple moving average of $54.29 and a 200-day simple moving average of $55.68. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 0.99. The stock has a market capitalization of $92.25 billion, a PE ratio of 23.39, a price-to-earnings-growth 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.

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.