A share price of ABM Industries Inc [ABM] is currently trading at $53.06, down -1.15%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ABM shares have lost -0.19% over the last week, with a monthly amount glided 2.93%, and 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 experienced fluctuations in its stock price throughout the past year between $38.48 and $59.78. Currently, Wall Street analysts expect the stock to reach $47 within the next 12 months. ABM Industries Inc [NYSE: ABM] shares were valued at $53.06 at the most recent close of the market. An investor can expect a potential drop of -11.42% based on the average ABM price forecast.
Analyzing the ABM fundamentals
Trailing Twelve Months sales for ABM Industries Inc [NYSE:ABM] were 8.27B which represents 3.25% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.74.
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 52.74 points at the first support level, and at 52.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.61, and for the 2nd resistance point, it is at 54.16.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ABM Industries Inc [NYSE:ABM] is 1.38. In addition, the Quick Ratio stands at 1.38 and the Cash Ratio stands at 0.07. Considering the valuation of this stock, the price to sales ratio is 0.40, the price to book ratio is 1.82 and price to earnings (TTM) ratio is 21.88.
Transactions by insiders
Recent insider trading involved ELLIS EARL RAY, EVP & Chief Financial Officer, that happened on Oct 14 ’24 when 40000.0 shares were sold. Officer, ELLIS EARL RAY completed a deal on Oct 14 ’24 to buy 40000.0 shares. Meanwhile, President and CEO SALMIRS SCOTT B sold 13264.0 shares on Jul 25 ’24.
