In a report released today, Tate Sullivan from Maxim Group maintained a Buy rating on ABM Industries Incorporated (ABM), with a price target of $45. The company’s shares closed yesterday at $35.66.
Sullivan wrote:
“We maintain our F1Q19 operating EPS forecast of $0.30, above the $0.26 consensus estimate, ahead of ABM’s F1Q19 earnings report on Wednesday after the close.”
According to TipRanks.com, Sullivan is a 4-star analyst with an average return of 9.0% and a 73.5% success rate. Sullivan covers the Basic Materials sector, focusing on stocks such as Natural Gas Services Group, Emcor Group, and Tetra Tech.
Currently, the analyst consensus on ABM Industries Incorporated is a Moderate Buy with an average price target of $40.33.
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ABM Industries Incorporated’s market cap is currently $2.35B and has a P/E ratio of 24.17. The company has a Price to Book ratio of 1.62.
Based on the recent corporate insider activity of 136 insiders, corporate insider sentiment is negative on the stock.
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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, Technical Solutions, and Healthcare.
