ABM Industries, Inc. (NYSE:ABM) Receives $41.96 Average PT from Brokerages

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Shares of ABM Industries, Inc. (NYSE:ABM) have been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $41.96.

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird set a $38.00 price target on shares of ABM Industries and gave the stock a “hold” rating in a report on Friday, September 6th. ValuEngine cut shares of ABM Industries from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. William Blair began coverage on shares of ABM Industries in a research report on Thursday, August 15th. They set a “market perform” rating on the stock. Finally, Maxim Group set a $50.00 price target on shares of ABM Industries and gave the company a “buy” rating in a research report on Tuesday, September 3rd.

In other news, EVP Rene Jacobsen sold 1,600 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $38.00, for a total value of $60,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 4,700 shares of company stock worth $178,930 in the last 90 days. Company insiders own 0.94% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue grew its holdings in shares of ABM Industries by 1.3% in the second quarter. State of Alaska Department of Revenue now owns 22,596 shares of the business services provider’s stock worth $903,000 after purchasing an additional 281 shares during the last quarter. Van ECK Associates Corp lifted its stake in ABM Industries by 1.1% in the second quarter. Van ECK Associates Corp now owns 31,900 shares of the business services provider’s stock worth $1,276,000 after acquiring an additional 333 shares during the period. Investors Research Corp lifted its stake in ABM Industries by 11.3% in the second quarter. Investors Research Corp now owns 3,450 shares of the business services provider’s stock worth $138,000 after acquiring an additional 350 shares during the period. Nisa Investment Advisors LLC lifted its stake in ABM Industries by 3.1% in the third quarter. Nisa Investment Advisors LLC now owns 12,960 shares of the business services provider’s stock worth $471,000 after acquiring an additional 390 shares during the period. Finally, Mason Street Advisors LLC lifted its stake in ABM Industries by 1.8% in the third quarter. Mason Street Advisors LLC now owns 22,552 shares of the business services provider’s stock worth $819,000 after acquiring an additional 402 shares during the period. Hedge funds and other institutional investors own 99.47% of the company’s stock.

Shares of NYSE ABM traded up $0.39 during midday trading on Thursday, reaching $37.81. The stock had a trading volume of 222,464 shares, compared to its average volume of 411,887. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 20.01 and a beta of 0.61. ABM Industries has a twelve month low of $25.64 and a twelve month high of $42.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.50 and a current ratio of 1.50. The company’s 50 day moving average price is $36.39 and its 200 day moving average price is $38.18.

ABM Industries (NYSE:ABM) last issued its quarterly earnings results on Thursday, September 5th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. ABM Industries had a net margin of 1.37% and a return on equity of 8.90%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 EPS. Equities analysts forecast that ABM Industries will post 2 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Thursday, October 3rd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Wednesday, October 2nd. ABM Industries’s dividend payout ratio is 38.10%.

ABM Industries Company Profile

ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. It operates through Business & Industry, Aviation, Technology & Manufacturing, Education, Technical Solutions, and Healthcare segments. The company offers janitorial, electrical and lighting, energy, facilities engineering, HVAC and mechanical, landscape and turf, mission critical, and parking solutions.

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Analyst Recommendations for ABM Industries (NYSE:ABM)

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