ABM Industries Inc (NYSE: ABM) stock closed at $46.96 on 12/14/23 after a major decline of -10.2%. Moreover, this decline was accompanied by exceptionally high trading volume at 316% of normal. The stock has risen 9.5% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
ABM’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
ABM Industries has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ABM Industries has a slightly positive Appreciation Score of 67 and a neutral Power Rating of 42, and the Neutral Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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