The stock of ABM Industries, Inc. (NYSE:ABM) hit a new 52-week high and has $69.39 target or 58.00% above today’s $43.92 share price. The 6 months bullish chart indicates low risk for the $2.50B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $69.39 price target is reached, the company will be worth $1.45B 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 40,387 shares traded hands. ABM Industries, Inc. (NYSE:ABM) has risen 34.93% since April 19, 2016 and is uptrending. It has outperformed by 31.07% the S&P500.
ABM Industries, Inc. (NYSE:ABM) Ratings Coverage
Out of 3 analysts covering ABM Industries (NYSE:ABM), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. ABM Industries has been the topic of 4 analyst reports since August 31, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Sidoti on Wednesday, November 16. The stock of ABM Industries, Inc. (NYSE:ABM) has “Buy” rating given on Monday, August 31 by Zacks. The firm earned “Sector Weight” rating on Thursday, October 29 by KeyBanc Capital Markets. Imperial Capital maintained it with “In-Line” rating and $38 target price in Thursday, June 23 report.
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 increased to 1.1 in 2016 Q2. Its up 0.28, from 0.82 in 2016Q1. The ratio is positive, 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.
Plante Moran Fincl Advsr Limited Co reported 106 shares or 0% of all its holdings. Ahl Partners Ltd Liability Partnership last reported 79,903 shares in the company. Prudential Financial reported 136,802 shares or 0.01% of all its holdings. Wedge Capital Mngmt L L P Nc has 482,804 shares for 0.18% of their US portfolio. The Ontario – Canada-based Omers Administration has invested 0.02% in ABM Industries, Inc. (NYSE:ABM). Aqr Capital Mngmt Ltd Company accumulated 0% or 36,874 shares. Phocas has 0.38% invested in the company for 142,338 shares. Ls Advsr Ltd Liability Corporation last reported 2,097 shares in the company. The New York-based Rothschild Asset has invested 0.17% in ABM Industries, Inc. (NYSE:ABM). American Century holds 0.01% or 121,122 shares in its portfolio. Alpha Windward Limited Liability has 0.32% invested in the company for 12,180 shares. Royal Natl Bank Of Canada has 0% invested in the company for 10,050 shares. Fifth Third Bank & Trust last reported 0% of its portfolio in the stock. Pnc Financial Inc holds 0% of its portfolio in ABM Industries, Inc. (NYSE:ABM) for 5,538 shares. Metropolitan Life Insurance has 41,109 shares for 0.01% of their US portfolio.
Insider Transactions: Since May 27, 2016, the stock had 0 insider buys, and 13 sales for $2.93 million net activity. Another trade for 700 shares valued at $29,750 was made by SCAGLIONE DIEGO ANTHONY on Monday, November 14. $58,644 worth of ABM Industries, Inc. (NYSE:ABM) was sold by CHIN DEAN A. Another trade for 8,322 shares valued at $331,466 was made by McConnell Sarah H on Monday, October 3. Marano Thomas J also sold $949,514 worth of ABM Industries, Inc. (NYSE:ABM) shares. $184,292 worth of ABM Industries, Inc. (NYSE:ABM) was sold by GIACOBBE SCOTT J. 1,854 shares with value of $68,283 were sold by HERRINGER MARYELLEN C on Friday, July 8. 7,000 ABM Industries, Inc. (NYSE:ABM) shares with value of $256,340 were sold by Ferguson Phil.
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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