In a report released today, Andrew Wittmann from Robert W. Baird downgraded ABM Industries Incorporated (NYSE: ABM) to Hold. The company’s shares closed yesterday at $32.98.
According to TipRanks.com, Wittmann is a 4-star analyst with an average return of 6.4% and a 61.0% success rate. Wittmann covers the Basic Materials sector, focusing on stocks such as Jacobs Engineering, Tetra Tech, and MYR Group.
The the analyst consensus on ABM Industries Incorporated is currently a Hold rating.
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Based on ABM Industries Incorporated’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $26.6 million. In comparison, last year the company had a net profit of $32.9 million.
Based on the recent corporate insider activity of 117 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 and Industry, Aviation, Emerging Industries Group, Technical Solutions, and Government Services.
