ABM Industries Upgraded to Buy by CL King (ABM)
ABM Industries (NYSE:ABM) was upgraded by analysts at CL King from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports.
Shares of ABM Industries (NYSE:ABM) opened at 26.87 on Tuesday. ABM Industries has a one year low of $20.09 and a one year high of $29.20. The stock’s 50-day moving average is $27.66 and its 200-day moving average is $26.9. The company has a market cap of $1.492 billion and a P/E ratio of 20.31.
ABM Industries (NYSE:ABM) last issued its quarterly earnings data on Monday, December 9th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.03. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company posted $0.37 earnings per share. ABM Industries’s revenue was up 13.5% compared to the same quarter last year. On average, analysts predict that ABM Industries will post $1.64 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Imperial Capital raised their price target on shares of ABM Industries from $26.00 to $29.50 in a research note on Wednesday, December 18th. They now have an “in-line” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of ABM Industries in a research note on Monday, December 16th. They now have a $29.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of ABM Industries in a research note on Monday, December 2nd. They now have a $29.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $29.63.
ABM Industries Incorporated (NYSE:ABM) is a provider of integrated facility solutions.
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