Extremely significant negative changes in ABM Industries Inc (NYSE: ABM) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and its longer term price trend turned down.
Recent small negative changes in fundamentals have affected ABM Industries Inc (NYSE: ABM): significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
ABM is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
ABM Industries has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. ABM Industries has a slightly positive Appreciation Score of 68 and a neutral Power Rating of 43, producing the Neutral Value Trend Rating.
Recent Price Action
On 1/9/24, ABM Industries Inc (NYSE: ABM) stock declined slightly by -1.0%, closing at $42.13. Moreover, exceptionally high trading volume at 229% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -6.0% during the last week.
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