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 most optimistic analyst gave a price target of 55, implying a possible profit of 24.07 percent. The minimum price target given 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.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. The average change in earnings estimates over the last 90 days 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.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, 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. 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. 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. The PEG ratio of ABM is 0.26.
In the trailing 52-weeks, ABM hit 45.03 at the highest peak, while it's lowest trading point was 36.63. Today's price is 21.02 percent above the 52-week low, and 1.55 percent lower than its 52-week high. ABM has a P/E 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 market cap of ABM is $2.49 billion. ABM will post this quarters earnings in days, on 0000-00-00.