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.
A number of analysts gave price targets for ABM. The maximum price target given was 55, implying a possible profit of 24.07 percent. The most pessimistic price target was 47, implying potential capital losses of 6.02 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0.94 percent. Meanwhile, fiscal year estimates have been revised downwards by -0.77 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.58 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
ABM has an estimated earnings growth rate of 733.42 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of ABM is 0.26.
ABM has a 52-week high of 45.03 and a 52-week low of 36.63. Today's price is 21.02 percent above the 52-week low, and 1.55 percent below the 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's next earnings release will be on 0000-00-00, which is days away.