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.
Several price targets were given for ABM by the analysts covering the stock. The most optimistic analyst gave a price target of 55, implying a possible profit of 24.07 percent. The most pessimistic price target was 47, which equates to a potential downside 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.
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. 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 have revised their quarterly estimates upwards in the past 30 days, 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, while 0 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of ABM to grow at a rate of 733.42 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.