ABM Industries Inc. [ABM] stock is trading at $51.83, up 1.75%. An important factor to consider is whether the stock is rising or falling in short-term value. The ABM shares have gain 5.03% over the last week, with a monthly amount drifted -4.46%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
ABM Industries Inc. [NYSE: ABM] stock has seen the most recent analyst activity on November 13, 2023, when Truist initiated its Hold rating and assigned the stock a price target of $43. Previously, Deutsche Bank downgraded its rating to Hold on September 08, 2023, and dropped its price target to $43. On September 07, 2023, downgrade downgraded it’s rating to Mkt Perform. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $48 on June 01, 2023. Robert W. Baird downgraded its rating to a Neutral and reduced its price target to $51 on March 09, 2023. Robert W. Baird upgraded its rating to Outperform for this stock on June 21, 2022, but kept the price target unchanged to $50. In a note dated March 30, 2022, Deutsche Bank initiated an Buy rating and provided a target price of $62 on this stock.
ABM Industries Inc. [ABM] stock has fluctuated between $38.48 and $59.78 over the past year. Currently, Wall Street analysts expect the stock to reach $47 within the next 12 months. ABM Industries Inc. [NYSE: ABM] shares were valued at $51.83 at the most recent close of the market. An investor can expect a potential drop of -9.32% based on the average ABM price forecast.
Analyzing the ABM fundamentals
ABM Industries Inc. [NYSE:ABM] reported sales of 8.27B for the trailing twelve months, which represents a growth of 3.25%. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.74.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 51.02 points at the first support level, and at 50.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.38, and for the 2nd resistance point, it is at 52.92.
Ratios To Look Out For
For context, ABM Industries Inc.’s Current Ratio is 1.38. On the other hand, the Quick Ratio is 1.38, and the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 0.39, the price to book ratio is 1.77 and price to earnings (TTM) ratio is 21.37.
Transactions by insiders
Recent insider trading involved SALMIRS SCOTT B, President and CEO, that happened on Jul 25 ’24 when 13264.0 shares were sold. President and CEO, SALMIRS SCOTT B completed a deal on Jul 24 ’24 to sell 11736.0 shares. Meanwhile, EVP & Chief Operating Officer JACOBSEN RENE sold 40000.0 shares on Jul 15 ’24.
