Maxim Group analyst Tate Sullivan initiated coverage with a Buy rating on ABM Industries Incorporated (ABM) today and set a price target of $45. The company’s shares closed yesterday at $36.02.
Sullivan noted:
“ABM can make the U.S. more efficient by continuing to integrate energy efficiency projects into existing facility management contracts with large clients.”
According to TipRanks.com, Sullivan is a 3-star analyst with an average return of 7.2% and a 69.0% 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 $2.38B and has a P/E ratio of 24.41. The company has a Price to Book ratio of 1.63.
Based on the recent corporate insider activity of 124 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.
