Maxim Group analyst Tate Sullivan maintained a Hold rating on ABM Industries (ABM – Research Report) yesterday. The company’s shares closed yesterday at $46.14.
Sullivan covers the Industrial Goods sector, focusing on stocks such as Top Ships, Badger Meter, and Euroseas. According to TipRanks, Sullivan has an average return of 19.8% and a 42.80% success rate on recommended stocks.
Currently, the analyst consensus on ABM Industries is a Hold with an average price target of $51.00, implying a 10.53% upside from current levels. In a report released yesterday, Robert W. Baird also downgraded the stock to a Hold with a $51.00 price target.
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Based on ABM Industries’ latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $2.01 billion and a net profit of $48.8 million. In comparison, last year the company earned a revenue of $1.94 billion and had a net profit of $76 million
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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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