StockNews.com initiated coverage on shares of ABB (NYSE:ABB – Get Rating) in a research note released on Thursday morning. The firm issued a strong-buy rating on the industrial products company’s stock.
Other analysts have also issued reports about the stock. BNP Paribas lowered shares of ABB from a neutral rating to an underperform rating in a research note on Wednesday, November 30th. Exane BNP Paribas lowered shares of ABB from a neutral rating to an underperform rating in a research note on Wednesday, November 30th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, ABB currently has a consensus rating of Hold and an average price target of $29.54.
ABB Stock Down 1.7 %
ABB stock opened at $31.99 on Thursday. The company’s 50 day moving average price is $33.75 and its 200 day moving average price is $30.52. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.82 and a current ratio of 1.18. ABB has a fifty-two week low of $24.27 and a fifty-two week high of $35.54. The firm has a market capitalization of $62.85 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 3.18 and a beta of 1.10.
Hedge Funds Weigh In On ABB
ABB Ltd. is a technology company, which engages in the development and provision of electrification, motion and automation solutions. It operates through the following business segments: Electrification, Motion, Process Automation and Robotics & Discrete Automation. The Electrification segment manufactures and sells electrical products and solutions which are designed to provide safe, smart and sustainable electrical flow from the substation to the socket.
- Get a free copy of the StockNews.com research report on ABB (ABB)
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