Stock of the Day: What Next for ABM Industries, Inc. Stock After Reaching All-Time High?

Stock of the Day: What Next for ABM Industries, Inc. Stock After Reaching All Time High?

The stock of ABM Industries, Inc. (NYSE:ABM) reached all time high today, Nov, 30 and still has $45.85 target or 3.00% above today’s $44.51 share price. This indicates more upside for the $2.51B company. This technical setup was reported by Barchart.com. If the $45.85 PT is reached, the company will be worth $75.30 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 55,642 shares traded hands. ABM Industries, Inc. (NYSE:ABM) has risen 37.11% since April 27, 2016 and is uptrending. It has outperformed by 31.88% the S&P500.

Analysts await ABM Industries, Inc. (NYSE:ABM) to report earnings on December, 13. They expect $0.51 earnings per share, down 7.27% or $0.04 from last year’s $0.55 per share. ABM’s profit will be $28.76 million for 21.82 P/E if the $0.51 EPS becomes a reality. After $0.54 actual earnings per share reported by ABM Industries, Inc. for the previous quarter, Wall Street now forecasts -5.56% negative EPS growth.

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. As per Monday, August 31, the company rating was downgraded by Zacks. Sidoti downgraded the stock to “Neutral” rating in Wednesday, November 16 report. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Thursday, October 29. Imperial Capital maintained ABM Industries, Inc. (NYSE:ABM) rating on Thursday, June 23. Imperial Capital has “In-Line” rating and $38 price target.

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 Q2 2016. Its up 0.28, from 0.82 in 2016Q1. The ratio increased, 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.
Usca Ria Limited Liability Company has 0.27% invested in the company for 43,546 shares. Tudor Et Al accumulated 0.01% or 16,257 shares. Moreover, Aberdeen Asset Mngmt Public Ltd Com Uk has 0.06% invested in ABM Industries, Inc. (NYSE:ABM) for 467,016 shares. Richard C Young & Ltd accumulated 0.45% or 56,011 shares. Rothschild Asset accumulated 0.17% or 253,058 shares. Baker Ellis Asset Limited Liability holds 14,250 shares or 0.16% of its portfolio. Tctc Lc reported 8,800 shares or 0.02% of all its holdings. Tfs Cap Limited Liability Corp last reported 0.24% of its portfolio in the stock. California Pub Employees Retirement has invested 0.01% of its portfolio in ABM Industries, Inc. (NYSE:ABM). Invesco Limited has 0.01% invested in the company for 432,969 shares. Boston Private Wealth Ltd Limited Liability Company holds 0.01% or 9,594 shares in its portfolio. Wealthcare Mngmt Ltd accumulated 0% or 170 shares. Ahl Partners Llp has 79,903 shares for 0.16% of their US portfolio. Blackrock Mngmt Ltd Liability Corporation has 0.01% invested in the company for 252,533 shares. Wells Fargo And Communications Mn reported 145,879 shares or 0% of all its holdings.

Insider Transactions: Since June 2, 2016, the stock had 0 insider purchases, and 11 insider sales for $2.87 million net activity. McConnell Sarah H also sold $385,122 worth of ABM Industries, Inc. (NYSE:ABM) on Monday, June 13. Marano Thomas J sold $949,514 worth of stock or 25,725 shares. Another trade for 5,000 shares valued at $184,292 was made by GIACOBBE SCOTT J on Friday, July 15. 7,000 shares were sold by Ferguson Phil, worth $256,340 on Wednesday, June 15. $29,750 worth of ABM Industries, Inc. (NYSE:ABM) was sold by SCAGLIONE DIEGO ANTHONY. HERRINGER MARYELLEN C had sold 1,854 shares worth $68,283. Another trade for 1,642 shares valued at $58,644 was sold by CHIN DEAN A.

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. ABM’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 Company’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 Company’s new segment, Other, is comprised of Air Serv.

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