In a report released yesterday, Tate Sullivan from Maxim Group maintained a Buy rating on ABM Industries Incorporated (ABM), with a price target of $50. The company’s shares closed yesterday at $41.93, close to its 52-week high of $41.98.
Sullivan wrote:
“We increase our $2.62 (from $2.56) as we believe recent results and guidance from Cintas (CTAS – Not Rated) suggest demand for ABM’s facility services, including energy efficiency projects, will continue to increase.”
According to TipRanks.com, Sullivan is a 4-star analyst with an average return of 6.9% and a 63.4% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as Envision Solar International Inc, Capstone Turbine Corp, and BioHiTech Global Inc.
ABM Industries Incorporated has an analyst consensus of Moderate Buy, with a price target consensus of $45.
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ABM Industries Incorporated’s market cap is currently $2.78B and has a P/E ratio of 32.37. The company has a Price to Book ratio of 1.88.
Based on the recent corporate insider activity of 135 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Linda Chavez, a Director at ABM sold 6,000 shares for a total of $239,940.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
