Streetbeat News

ABM

ABM Industries Incorporated

https://www.abm.com

Industry

Specialty Business Services

ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. The company operates through Business & Industry, Technology & Manufacturing, Education, Aviation, and Technical Solutions segments. It provides janitorial, facilities engineering, parking, custodial, landscaping and ground, and mechanical and electrical services; and vehicle maintenance and other services to rental car providers. The company was incorporated in 1985 and is based in New York, New York.

Open

46.99

Mkt cap

2.9B

Volume

638K

High

47.88

P/E Ratio

36.83

52-wk high

59.78

Low

46.53

Div yield

0.02

52-wk low

42.28

Inflation concerns are causing volatility in the index futures, with a weaker-than-expected inflation print potentially leading to a strong gain. The Nasdaq Composite and the S&P 500 indices retreated on Tuesday, influenced by a negative reaction to Apple's iPhone launch event. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF fell in premarket trading on Wednesday. Ford Motor Co. and General Motors Corp. saw a rise in premarket trading on hopes of a resolution to the standoff with the UAW.

Portfolio Pulse from Shanthi Rexaline

September 13, 2023 | 10:41 am

Several analyst forecasts were released on Monday, with changes in price targets and ratings for multiple companies. Notably, Jefferies upgraded DoorDash and increased its price target, while JP Morgan raised the price target for Tenable Holdings and upgraded its rating. Piper Sandler increased the price target for Intuit, and Morgan Stanley did the same for Tesla. However, Raymond James, Keybanc, Telsey Advisory Group, and JP Morgan lowered price targets for Phreesia, ABM Industries, Rent the Runway, and Brunswick Corporation respectively. Needham boosted the price target for TriNet Group.

Portfolio Pulse from Lisa Levin

September 11, 2023 | 1:02 pm

Analysts have provided ratings for ABM Indus (NYSE:ABM) in the last quarter, with one somewhat bullish and three indifferent. The company has an average 12-month price target of $43.25, a decrease of 20.64% from the previous average price target of $54.50.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 1:01 pm

Keybanc analyst Sean Eastman has maintained an Overweight rating on ABM Industries (NYSE:ABM) but lowered the price target from $51 to $48.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 8:20 am

Baird analyst Andrew Wittmann maintains a Neutral rating on ABM Industries (NYSE:ABM) and has lowered the price target from $52 to $40.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 4:50 pm

UBS analyst Joshua Chan has maintained a Neutral rating on ABM Industries (NYSE:ABM) and lowered the price target from $50 to $42.

Portfolio Pulse from richadhand@benzinga.com

September 08, 2023 | 2:27 pm

Several analyst forecasts were released on Friday, with price target changes for multiple companies. DigitalOcean Holdings, ABM Industries, and Clarivate Plc saw price target cuts and downgrades, while Gilead Sciences, Adobe Inc., Delek Logistics Partners, Spruce Biosciences, Braze, Designer Brands, and G-III Apparel Group had their price targets increased. C3.ai had its price target slightly reduced.

Portfolio Pulse from Lisa Levin

September 08, 2023 | 12:24 pm

Deutsche Bank analyst Faiza Alwy has downgraded ABM Industries (NYSE:ABM) from Buy to Hold and lowered the price target from $65 to $43.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 11:52 am

The article lists the stocks that gained and lost the most during Thursday's mid-day trading session. Some of the biggest gainers include American Rebel Holdings, Wheeler Real Estate Investment Trust, and Sigma Additive Solutions. On the other hand, some of the biggest losers include Palisade Bio, Edible Garden AG, and Sportsman's Warehouse Holdings. The Toro Company's shares declined by 13.7% due to worse-than-expected third-quarter results and a cut in its FY23 guidance.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 5:19 pm

U.S. stocks traded mostly lower with the Nasdaq Composite falling around 200 points. ABM Industries reported weaker-than-expected earnings for its third quarter, with adjusted EPS of $0.79 missing the consensus of $0.89. Sigma Additive Solutions, Wheeler Real Estate Investment Trust, and American Rebel Holdings saw their shares rise significantly. Palisade Bio, Sportsman's Warehouse Holdings, and Edible Garden AG saw their shares drop significantly.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 4:00 pm

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