ABM Industries Inc. (NYSE: ABM) has a higher price-to-earnings ratio of 11.60x compared to its average ratio. ABM has 36-month beta value of 1.15. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for ABM is 62.25M, and currently, short sellers hold a 4.26% ratio of that float. The average trading volume of ABM on May 10, 2024 was 617.80K shares.
ABM) stock’s latest price update
ABM Industries Inc. (NYSE: ABM)’s stock price has plunge by 0.98relation to previous closing price of 44.93. Nevertheless, the company has seen a 1.18% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-08 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
ABM’s Market Performance
ABM Industries Inc. (ABM) has experienced a 1.18% rise in stock performance for the past week, with a 5.27% rise in the past month, and a 12.36% rise in the past quarter. The volatility ratio for the week is 1.88%, and the volatility levels for the past 30 days are at 1.76% for ABM. The simple moving average for the last 20 days is 2.42% for ABM stock, with a simple moving average of 6.22% for the last 200 days.
Analysts’ Opinion of ABM
Many brokerage firms have already submitted their reports for ABM stocks, with Truist repeating the rating for ABM by listing it as a “Hold.” The predicted price for ABM in the upcoming period, according to Truist is $43 based on the research report published on November 13, 2023 of the previous year 2023.
Deutsche Bank, on the other hand, stated in their research note that they expect to see ABM reach a price target of $43, previously predicting the price at $65. The rating they have provided for ABM stocks is “Hold” according to the report published on September 08th, 2023.
ABM Trading at 4.23% from the 50-Day Moving Average
After a stumble in the market that brought ABM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.48% of loss for the given period.
Volatility was left at 1.76%, however, over the last 30 days, the volatility rate increased by 1.88%, as shares surge +3.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.06% upper at present.
During the last 5 trading sessions, ABM rose by +1.18%, which changed the moving average for the period of 200-days by +1.25% in comparison to the 20-day moving average, which settled at $44.38. In addition, ABM Industries Inc. saw 1.20% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ABM starting from NEWBORN ANDREA R, who sale 12,615 shares at the price of $45.00 back on May 01 ’24. After this action, NEWBORN ANDREA R now owns 45,847 shares of ABM Industries Inc., valued at $567,675 using the latest closing price.
JACOBSEN RENE, the EVP & Chief Operating Officer of ABM Industries Inc., sale 5,563 shares at $43.59 during a trade that took place back on Mar 25 ’24, which means that JACOBSEN RENE is holding 111,677 shares at $242,464 based on the most recent closing price.
Stock Fundamentals for ABM
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.12 for the gross margin
The net margin for ABM Industries Inc. stands at 0.03. The total capital return value is set at 0.11. Equity return is now at value 14.47, with 5.22 for asset returns.
Based on ABM Industries Inc. (ABM), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 0.75. The interest coverage ratio of the stock is 4.92.
Currently, EBITDA for the company is 534.1 million with net debt to EBITDA at 2.74. When we switch over and look at the enterprise to sales, we see a ratio of 0.52. The receivables turnover for the company is 5.44for trailing twelve months and the total asset turnover is 1.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.48.
Conclusion
To put it simply, ABM Industries Inc. (ABM) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
