In a report released on September 9, Tim Mulrooney from William Blair reiterated a Buy rating on ABM Industries (ABM – Research Report). The company’s shares opened today at $43.07.
According to TipRanks, Mulrooney is ranked #1335 out of 7951 analysts.
ABM Industries has an analyst consensus of Strong Buy, with a price target consensus of $58.50, which is a 35.83% upside from current levels. In a report released yesterday, Deutsche Bank also reiterated a Buy rating on the stock with a $65.00 price target.
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Based on ABM Industries’ latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $1.9 billion and a net profit of $48.8 million. In comparison, last year the company earned a revenue of $1.5 billion and had a net profit of $31.1 million
Based on the recent corporate insider activity of 122 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ABM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
ABM Industries, Inc. engages in the provision of facility services for commercial, industrial, and institutional buildings. It operates through the following segments: Business & Industry, Aviation, Technology & Manufacturing, Education, and Technical Solutions. The Business & Industry segment encompasses janitorial, facilities engineering, and parking services for commercial real estate properties and sports and entertainment venues. It also provides vehicle maintenance services to rental car providers. The Aviation segment supports airlines and airports with parking and janitorial to passenger assistance, catering logistics, air cabin maintenance, and transportation. The Technology & Manufacturing segment provides janitorial, facilities engineering, and parking services. The Education segment delivers janitorial, custodial, landscaping & grounds, facilities engineering and parking services for public school districts, private schools, colleges and universities. The Technical Solutions segment engages in mechanical and electrical services. The company was founded by Morris Rosenberg in 1909 and is headquartered in New York, NY.
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