ABM Industries Given New $31.00 Price Target at Jefferies Group (ABM)
Investment analysts at Jefferies Group boosted their price target on shares of ABM Industries (NYSE:ABM) from $29.00 to $31.00 in a note issued to investors on Thursday, Analyst Ratings Network.com reports. Jefferies Group’s price objective points to a potential upside of 14.77% from the stock’s previous close.
ABM Industries (NYSE:ABM) opened at 27.01 on Thursday. ABM Industries has a 52-week low of $17.98 and a 52-week high of $27.57. The stock’s 50-day moving average is $26.03 and its 200-day moving average is $24.46. The company has a market cap of $1.489 billion and a price-to-earnings ratio of 19.77.
The company also recently announced a quarterly dividend, which is scheduled for Monday, November 4th. Stockholders of record on Thursday, October 3rd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Tuesday, October 1st.
In other ABM Industries news, CEO Henrik Slipsager sold 22,347 shares of the company’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $26.37, for a total transaction of $589,290.39. Following the sale, the chief executive officer now directly owns 225,631 shares of the company’s stock, valued at approximately $5,949,889. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
ABM has been the subject of a number of other recent research reports. Analysts at Imperial Capital raised their price target on shares of ABM Industries from $24.50 to $26.00 in a research note to investors on Friday, September 6th. They now have an “in-line” rating on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of ABM Industries in a research note to investors on Wednesday, September 4th. They now have a $26.00 price target on the stock.
ABM Industries Incorporated (NYSE:ABM) is a provider of integrated facility solutions.
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