ABM Industries Incorporated (ABM) Receives $48.25 Consensus Target Price from Analysts

ABM Industries Incorporated (NYSE:ABM) has been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $48.25.

Several research firms recently issued reports on ABM. BidaskClub upgraded ABM Industries from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. KeyCorp upgraded ABM Industries from a “sector weight” rating to an “overweight” rating and set a $48.00 price objective on the stock in a report on Monday, September 11th. Zacks Investment Research cut ABM Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Robert W. Baird reiterated an “outperform” rating and issued a $47.00 price objective (down from $49.00) on shares of ABM Industries in a report on Thursday, July 13th. Finally, Sidoti upgraded ABM Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $49.00 to $55.00 in a report on Thursday, July 13th.

TRADEMARK VIOLATION NOTICE: “ABM Industries Incorporated (ABM) Receives $48.25 Consensus Target Price from Analysts” was originally posted by BBNS and is the property of of BBNS. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://baseballnewssource.com/markets/abm-industries-incorporated-abm-receives-48-25-consensus-target-price-from-analysts/1702481.html.

In other news, SVP Dean A. Chin sold 632 shares of ABM Industries stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $44.95, for a total transaction of $28,408.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Scott J. Giacobbe sold 11,094 shares of ABM Industries stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $39.92, for a total transaction of $442,872.48. Following the sale, the insider now directly owns 59,152 shares in the company, valued at approximately $2,361,347.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,069 shares of company stock worth $618,769. Insiders own 1.30% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of ABM Industries by 65.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,400 shares of the business services provider’s stock valued at $105,000 after buying an additional 946 shares during the period. Riverhead Capital Management LLC raised its position in shares of ABM Industries by 60.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,528 shares of the business services provider’s stock valued at $146,000 after buying an additional 1,328 shares during the period. Hillsdale Investment Management Inc. raised its position in shares of ABM Industries by 12,666.7% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 3,830 shares of the business services provider’s stock valued at $159,000 after buying an additional 3,800 shares during the period. Independent Portfolio Consultants Inc. purchased a new stake in shares of ABM Industries during the 2nd quarter valued at approximately $162,000. Finally, Bruderman Asset Management LLC purchased a new stake in shares of ABM Industries during the 2nd quarter valued at approximately $164,000. 78.23% of the stock is currently owned by hedge funds and other institutional investors.

ABM Industries (NYSE ABM) traded up 0.12% during midday trading on Friday, hitting $42.67. The company had a trading volume of 64,104 shares. ABM Industries has a 1-year low of $37.12 and a 1-year high of $45.12. The firm has a market capitalization of $2.78 billion, a P/E ratio of 166.68 and a beta of 0.80. The company has a 50 day moving average price of $41.87 and a 200 day moving average price of $42.58.

ABM Industries (NYSE:ABM) last posted its quarterly earnings data on Wednesday, September 6th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). ABM Industries had a return on equity of 11.37% and a net margin of 0.29%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Equities research analysts forecast that ABM Industries will post $1.88 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Thursday, October 5th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Wednesday, October 4th. ABM Industries’s dividend payout ratio is currently 251.86%.

ABM Industries Company Profile

ABM Industries Incorporated is a provider of integrated facility solutions. The Company operates through five segments: Janitorial, Facility Services, Parking, Building & Energy Solutions, and other. Its Janitorial segment provides a range of cleaning services for commercial office buildings, data centers, educational institutions, government buildings, health facilities, industrial buildings, retail stores, sport event facilities and transportation hubs.

Receive News & Ratings for ABM Industries Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABM Industries Incorporated and related companies with our FREE daily email newsletter.

 


Latest News

Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation


Leave a Reply

 
© 2006-2017 BBNS.