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, implying a possible profit of 24.07 percent. The most pessimistic analyst gave a price target of 47, implying potential capital losses of 6.02 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes 0.94 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.77 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.58 percent.
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, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
The growth rate of ABM's earnings is estimated by analysts to be 733.42 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. ABM has a PEG ratio of 0.26.
ABM has a 52-week high of 45.03 and a 52-week low of 36.63. The current market price is above the trailing year's low by 21.02 percent, and 1.55 percent lower than its 52-week high. 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 will post this quarters earnings in days, on 0000-00-00.