Investor Insights on ABM Industries Inc (NYSE:ABM)

[Globe Newswire] ABM Industries Inc (NYSE:ABM)(TREND ANALYSIS) a leading provider of facility solutions, today announced the appointment of Tom Gallo as the company’s new vice president and treasurer. In this capacity, Gallo will be responsible for the company’s cash and liquidity management, capital structure, and will lead all banking relationships associated with the company’s syndicated credit facility.

“Along with his financial acumen, Tom brings nearly a decade of operational experience at ABM to this role,” said Anthony Scaglione, ABM Executive Vice President and Chief Financial Officer. “I am pleased to have someone with his financial skill and vast operational acumen stepping into this critical role as we seek to grow and reach our strategic goals.”

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ABM Industries Inc (NYSE:ABM) stock is currently trading 2.43% below its 52-week-high, 35.71% above its 52-week-low. The 1-year stock price history is in the range of $24.22 – $33.69. ABM Industries Inc (ABM) has a price to earnings ratio of 22.68 versus Services sector average of 19.84. ABM stock price has outperformed the S&P 500 by 15.4%. The Maintenance & Service company is currently valued at $1.85 billion and its share price closed the last trading session at $32.87. The stock has a 50-day moving average of $32.77 and a 200-day moving average of $31.03.

ABM Industries Inc (ABM) current short interest stands at 1.09 million shares. It has decreased by 88% from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.26 million shares, the number of days required to cover the short positions stand at 4.2 days.

ABM reported last quarter earnings on June 02. The Maintenance & Service company announced earnings per share of $0.37 against a consensus Street estimate of $0.35, beating the average estimate by $0.02. This corresponds to an increase of $0.1 compared to the same quarter of the previous fiscal year.

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There are currently eight analysts that cover ABM Industries Inc stock. Of those eight, five have a Buy rating, three have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $36.14.

A recent analyst activity consisted of KeyBanc reiterating their Overweight stance on June 30. KeyBanc increased their price target on ABM from $35 to $37. This corresponds to a 12.56% upside from the last closing price. On the date of report, the stock closed at $32.87.

Baird upgraded their Neutral rating to Outperform on March 17, and increased their price target on ABM stock from $33 to $38. This corresponds to a 15.61% upside from the last closing price. On the date of report, the stock closed at $30.77.

From an income perspective, ABM Industries Inc (ABM) has a dividend yield of 1.27%. The dividend growth rate has evolved at the pace of 4.5% over the last 5 years and the payout ratio stands at 43%.

Company profile

ABM Industries Incorporated is a facility services contractor. The Company provides air conditioning, engineering, janitorial, lighting, parking, security, and other outsourced facility services to commercial, industrial, and institutional customers in cities across North America.

Investor Insights on ABM Industries Inc (NYSE:ABM) was last modified: July 1st, 2015 by Steven Finley