Analyst Ratings for ABM Industries Inc. (ABM)Updated: 2017-07-27
An average rating of Overweight has been given to ABM Industries Inc. (NYSE:ABM) by analysts covering the stock. A consensus rating of Overweight was previously issued for ABM last month.
4 analysts issued ratings on the stock, where 1 gave ABM a buy rating, 2 gave an overweight rating, 1 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 1. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Many analysts weighed in on price targets for ABM. The most optimistic price target was 55, which equates to a potential upside of 24.07 percent. The minimum price target given was 47, implying potential capital losses of 6.02 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0.94 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -0.77 percent. If we look at the last 90 days instead, we find a net average change of 1.58 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.
Analysts estimate earnings of ABM to grow at a rate of 733.42 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. ABM has a PEG ratio of 0.26.
In the trailing 52-weeks, ABM hit 45.03 at the highest peak, while it's lowest trading point was 36.63. Currently the stock is 21.02 percent higher than its low, and below the high by 1.55 percent. ABM has a price/earnings ratio of 193.52. Investors typically compare the P/E ratio to a company's peers in the industry. The ABM value stock report compares ABM to some of its peers using value stock charts. The stock has a market capitalization of $2.49 billion. ABM is estimated to release their earnings results for the quarter on 0000-00-00, days from today.