For its first fiscal quarter (ending January 31), ABM Industries Inc (NYSE: ABM) has reported E.P.S. of $0.70 compared to $0.58 a year ago. For the latest four quarters through January 31, E.P.S. were $3.93 compared to $2.90 a year ago.
Recent Price Action
ABM Industries Inc (NYSE: ABM) stock enjoyed a very large increase of 6.3% on 3/7/24. The shares closed at $43.35. Moreover, this advance was accompanied by exceptionally high trading volume at 270% of normal. The stock has performed in line with the market over the last nine months and has risen 4.2% during the last week.
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 contradictory signals. ABM Industries has a slightly positive Appreciation Score of 70 but a slightly negative Power Rating of 39, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment