ABM Industries Inc [ABM] stock prices are up 2.74% to $49.20 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ABM shares have gain 3.30% over the last week, with a monthly amount drifted -6.23%, and not seem to be holding up well over a long-time horizon.
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.
The stock price of ABM Industries Inc [ABM] has been fluctuating between $42.63 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 $49.20 at the most recent close of the market. An investor can expect a potential drop of -4.47% based on the average ABM price forecast.
Analyzing the ABM fundamentals
The ABM Industries Inc [NYSE:ABM] reported sales of 8.40B for trailing twelve months, representing a surge of 2.19%. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.08.
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 47.87 points at the first support level, and at 46.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.97, and for the 2nd resistance point, it is at 50.75.
Ratios To Look Out For
It’s worth pointing out that ABM Industries Inc [NYSE:ABM]’s Current Ratio is 1.52. Further, the Quick Ratio stands at 1.52, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.36, the price to book ratio is 1.72 and price to earnings (TTM) ratio is 38.80.
Transactions by insiders
Recent insider trading involved JACOBSEN RENE, EVP & Chief Operating Officer, that happened on Feb 03 ’25 when 10000.0 shares were sold. Officer, JACOBSEN RENE completed a deal on Feb 03 ’25 to buy 10000.0 shares. Meanwhile, SVP – Chief Accounting Officer CHIN DEAN A sold 4281.0 shares on Jan 14 ’25.
