ABB (OTCMKTS:ABBNY) Upgraded at Dnb Carnegie

ABB (OTCMKTS:ABBNY) was upgraded by analysts at Dnb Carnegie from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

A number of other research firms also recently commented on ABBNY. Wall Street Zen downgraded ABB from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research cut shares of ABB from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Citigroup restated a “neutral” rating on shares of ABB in a research report on Thursday, June 18th. Barclays raised shares of ABB from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of ABB from a “sell” rating to a “hold” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $58.00.

ABB Price Performance

ABB stock opened at $98.29 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.05 and a debt-to-equity ratio of 0.43. The company has a fifty day simple moving average of $104.97 and a 200-day simple moving average of $92.69. The stock has a market cap of $179.20 billion, a P/E ratio of 35.48, a price-to-earnings-growth ratio of 1.51 and a beta of 1.36. ABB has a 12-month low of $63.77 and a 12-month high of $110.20.

ABB (OTCMKTS:ABBNY) last posted its earnings results on Thursday, July 16th. The industrial products company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.13). The business had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $9.34 billion. ABB had a net margin of 13.86% and a return on equity of 31.52%. Equities analysts expect that ABB will post 3.62 EPS for the current fiscal year.

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.