Alert: Major Price Advance (4/6/20)-ABM Industries Inc (NYSE: ABM).

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On 4/6/20, ABM Industries Inc (NYSE: ABM) stock enjoyed a major increase of 14.0%, closing at $25.97. Moreover, trading volume in this advance was above average at 121% of normal. Relative to the market the stock has been weak over the last nine months but has risen 18.1% during the last week.

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Current PriceTarget Research Rating

ABM is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

ABM Industries has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. ABM Industries has a neutral Appreciation Score of 53 and a neutral Power Rating of 42, leading to the Low Neutral Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

About John Lafferty 77056 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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