ABM Industries Inc. (ABM) Hits New 12-Month High at $38.66
Shares of ABM Industries Inc. (NYSE:ABM) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $38.66 and last traded at $38.66, with a volume of 148,212 shares changing hands. The stock had previously closed at $38.43.
A number of analysts recently issued reports on the company. Imperial Capital lifted their target price on ABM Industries from $33.00 to $38.00 and gave the company a “hold” rating in a research report on Thursday, June 23rd. Robert W. Baird reiterated an “outperform” rating and set a $40.00 price target on shares of ABM Industries in a report on Wednesday. Finally, Zacks Investment Research cut ABM Industries from a “buy” rating to a “sell” rating in a report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$28.80.
The company has a 50-day moving average price of $37.59 and a 200-day moving average price of $34.36. The firm has a market capitalization of $2.16 billion and a price-to-earnings ratio of 37.75.
ABM Industries (NYSE:ABM) last issued its quarterly earnings results on Wednesday, June 8th. The company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.04. The firm had revenue of $1.26 billion for the quarter. The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.37 earnings per share. On average, equities analysts forecast that ABM Industries Inc. will post $1.60 EPS for the current fiscal year.
In other news, insider Scott J. Giacobbe sold 5,000 shares of the stock in a transaction dated Friday, July 15th. The shares were sold at an average price of C$36.86, for a total transaction of C$184,300.00. Following the transaction, the insider now owns 37,807 shares of the company’s stock, valued at approximately C$1,393,566.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas J. Marano sold 25,725 shares of the stock in a transaction dated Monday, June 13th. The stock was sold at an average price of C$36.91, for a total transaction of C$949,509.75. Following the transaction, the insider now directly owns 15,288 shares in the company, valued at approximately C$564,280.08. The disclosure for this sale can be found here.
ABM Industries Incorporated, formerly American Building Maintenance Industries, Inc, is a provider of end-to-end integrated facility solutions. The Company’s segments are Janitorial, Facility Services, Parking, Building & Energy Solutions, and Other. Its Janitorial segment provides a range of essential cleaning services, which include carpet cleaning and dusting, floor cleaning and finishing, window washing, and other building cleaning services.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.