ABM Industries (ABM) Gets a Hold Rating from Maxim Group

In a report released yesterday, Tate Sullivan from Maxim Group assigned a Hold rating to ABM Industries (ABM). The company’s shares closed last Thursday at $35.14.

According to TipRanks.com, Sullivan is a 1-star analyst with an average return of -2.3% and a 37.1% success rate. Sullivan covers the Services sector, focusing on stocks such as Natural Gas Services Group, Recon Technology, and Mistras Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ABM Industries with a $43.25 average price target.

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The company has a one-year high of $42.67 and a one-year low of $19.79. Currently, ABM Industries has an average volume of 502.2K.

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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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