The stock of ABM Industries, Inc. (NYSE:ABM) hit a new 52-week high and has $66.43 target or 60.00% above today’s $41.52 share price. The 5 months bullish chart indicates low risk for the $2.38 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $66.43 price target is reached, the company will be worth $1.43B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 296,051 shares traded hands or 29.94% up from the average. ABM Industries, Inc. (NYSE:ABM) has risen 30.48% since April 11, 2016 and is uptrending. It has outperformed by 24.33% the S&P500.
ABM Industries, Inc. (NYSE:ABM) Ratings Coverage
Out of 2 analysts covering ABM Industries (NYSE:ABM), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. ABM Industries has been the topic of 3 analyst reports since August 31, 2015 according to StockzIntelligence Inc. On Monday, August 31 the stock rating was downgraded by Zacks to “Buy”. As per Thursday, June 23, the company rating was maintained by Imperial Capital. The company was downgraded on Thursday, October 29 by KeyBanc Capital Markets.
According to Zacks Investment Research, “ABM Industries, Inc. provides air conditioning, elevator, engineering, janitorial, lighting, parking and security services to thousands of commercial, industrial and institutional customers who outsource these services in hundreds of cities across North America.”
Insitutional Activity: The institutional sentiment decreased to 0.82 in 2016 Q2. Its down 0.43, from 1.25 in 2016Q1. The ratio worsened, as 28 funds sold all ABM Industries, Inc. shares owned while 66 reduced positions. 17 funds bought stakes while 60 increased positions. They now own 48.24 million shares or 4.50% less from 50.51 million shares in 2016Q1.
Keybank National Association Oh has invested 0.01% of its portfolio in ABM Industries, Inc. (NYSE:ABM). California Employees Retirement System last reported 95,200 shares in the company. State Street Corporation accumulated 0% or 1.14M shares. Moreover, Alliancebernstein Lp has 0.08% invested in ABM Industries, Inc. (NYSE:ABM) for 2.68M shares. Lowe Brockenbrough & holds 22,182 shares or 0.14% of its portfolio. The California-based Fdx Advisors has invested 0.02% in ABM Industries, Inc. (NYSE:ABM). Credit Suisse Ag holds 52,386 shares or 0% of its portfolio. Bnp Paribas Arbitrage Sa holds 0% or 19,031 shares in its portfolio. Kcg Inc, a New Jersey-based fund reported 5,625 shares. Channing Capital Mngmt Ltd Co last reported 1.86% of its portfolio in the stock. Creative Planning has 0% invested in the company for 14,310 shares. The Manitoba – Canada-based Great West Life Assurance Com Can has invested 0% in ABM Industries, Inc. (NYSE:ABM). Anchor Capital Advisors Ltd Llc owns 37,704 shares or 0.03% of their US portfolio. Profund Advisors Ltd holds 0.03% or 17,962 shares in its portfolio. Ridgeworth Ltd Liability holds 1.12M shares or 0.36% of its portfolio.
Insider Transactions: Since May 27, 2016, the stock had 0 insider buys, and 12 selling transactions for $2.90 million net activity. CHIN DEAN A sold 937 shares worth $32,327. SCAGLIONE DIEGO ANTHONY also sold $20,250 worth of ABM Industries, Inc. (NYSE:ABM) on Thursday, November 10. 13,700 shares with value of $538,822 were sold by GIACOBBE SCOTT J on Tuesday, September 6. Shares for $385,122 were sold by McConnell Sarah H. On Monday, June 13 Marano Thomas J sold $949,514 worth of the stock or 25,725 shares. On Friday, July 8 the insider HERRINGER MARYELLEN C sold $68,283. Ferguson Phil also sold $256,340 worth of ABM Industries, Inc. (NYSE:ABM) on Wednesday, June 15.
More news for ABM Industries, Inc. (NYSE:ABM) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on August 04, 2009. Quotes.Wsj.com‘s article titled: “News ABM Industries Inc.ABM” and published on February 12, 2011 is yet another important article.
ABM Company Profile
ABM Industries Incorporated (ABM), incorporated on March 19, 1985, is a well-known provider of integrated facility solutions. The Firm provides end-to-end integrated facilities management services to commercial, governmental, industrial, institutional, residential, and retail client facilities in cities, primarily throughout the United States. ABMâ€™s capabilities include facility services, energy solutions, commercial cleaning, maintenance and repair, heating, ventilation, and air conditioning (HVAC), electrical, landscaping, parking and security, through stand-alone or integrated solutions. The Companyâ€™s onsite businesses consist of Janitorial, Facility Services, Parking and Security divisions. The Company’s mobile and on-demand businesses consist of the Building & Energy Solutions reportable segment, and certain unconsolidated affiliates that provide facility solutions, primarily to the U.S. Government, which complement the other activities of the Building & Energy Solutions segment. The Companyâ€™s new segment, Other, is comprised of Air Serv.
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