ABB Ltd (NYSE:ABB) has been given an “A” credit rating by analysts at Morningstar. The research firm’s “A” rating indicates that the company is a low default risk. They also gave their stock a four star rating.

Several other analysts also recently weighed in on the company. Zacks Investment Research downgraded ABB from a “hold” rating to a “sell” rating in a research report on Thursday. Goldman Sachs reiterated a “sell” rating on shares of ABB in a research report on Wednesday, January 20th. JPMorgan Chase & Co. reiterated a “sell” rating on shares of ABB in a research report on Monday, December 14th. RBC Capital downgraded ABB from an “outperform” rating to a “sector perform” rating in a research report on Friday, December 11th. Finally, Barclays increased their target price on ABB from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, December 9th. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $22.00.

ABB (NYSE:ABB) traded down 0.92% during midday trading on Monday, reaching $17.14. The company had a trading volume of 1,493,003 shares. The stock has a market capitalization of $37.98 billion and a price-to-earnings ratio of 16.05. ABB has a one year low of $15.74 and a one year high of $23.66. The company has a 50-day moving average price of $17.16 and a 200-day moving average price of $18.54.

ABB Ltd (NYSE:ABB) is engaged in power and automation technologies. The Company manages its business -based on five divisions: Discrete Automation and Motion, Low Voltage Products, Process Automation, Power Products and Power Systems. The Discrete Automation and Motion division provides low-voltage and medium-voltage drive products and systems for industrial, commercial and residential applications. The Process Automation division provides engineered solutions, products and services for process control, safety, instrumentation, plant electrification and energy management. The Power Products division offers a portfolio of products and services to facilitate power generation, transmission and distribution. The Power Systems division offers solutions for power and water plants, grid integration and automation, as well as a range of systems and services for the generation, transmission and distribution of electricity. The Company operates in approximately 100 countries.

12 Month Chart for NYSE:ABB

To view more credit ratings from Morningstar, visit www.jdoqocy.comclick-7674909-10651170.

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