As volatility creeps into ABM Industries Incorporated (NYSE:ABM), investors need to pay close attention to to the factors affecting stock today as its shares are trading 3.37% or 1.34 points down from last closing price of $39.78, reaching $38.44 at last check. The ABM share price has dropped in 4 of the last 5 days and is up 5.44% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -97,330 shares, and in total 78370 shares valued at $3.013 million were seen changing hands compared with 175700 shares valued at $6.989 million recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the ABM stock is near its bottom.
ABM Industries Incorporated (ABM) shares have notched a 3-month gain of about 5.44%, but has still advanced 24.29% year to date. By comparison, the stock added 29.24% over the past 12 months, while it slipped -3.83% over the 1 month. The company’s market cap is around $2.68B, with its short interest ratio standing at 10.64%.
In the current trading session for ABM, the stock witnessed two major price actions, it rose to a high of $39.3 and was down as much as $38.36 at one point. The high recorded is very low when compared to their 52-week high which is $25.64. The 52-week high is now at -9.89 distance from current price. Their recent low of $42.67 represents a 49.96% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for ABM is $45.67, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of ABM Industries Incorporated earned $1.24 per share in the trailing 12 months and has a P/E ratio of 31. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is higher than the ones recorded by the industry which is 20.52 and higher compared to the sector’s average of 23.99. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. ABM also has P/S multiple of 0.4. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 1136.67x.
The company recorded an interesting insider sale transaction by the CAO on Aug 05, 2019. A Securities and Exchanges Commission filings show that Dean A Chin sold a total of 1,329 ABM shares that day for a sum of around $53,094. The filings show that the insider now retains 19,976 shares, currently worth $767,877. ABM Industries Incorporated (ABM) insiders have acquired 1,325 shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to 19,862 shares. In total, individual insiders traded 21,187 shares in the business, which makes up 6.933% of 305,583 shares that were traded over a year. In the past 12 months, insiders have purchased 162,247 shares while the seller parted with 143,336 shares.
ABM‘s last price was up 7.69% as compared to the average trading price of 50 days recorded at $35.7 while enlarging the period to 200 trading days, the average closing price was $40.33. At present, there are 67.21 million in the total number of common shares owned by the public and among those 65.78 million shares have been available to trade. The percentage of shares being held by the company management was 0.7% while institutions stake was 0%. The company has generated positive returns on equity over the last 12 months (5.9%). It managed to keep its gross profit margin at 10.9% over the past 12 months.
When assessing the full upside of the ABM stock, there is another set of technicals that should be looked into and considered. Its -6.33% decline from moving average of $41.04 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 0.61 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of ABM Industries Incorporated — 2 analysts rate the stock as a buy with another 0 rating it strong buy. There are 3 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $41.7075 on shares of ABM Industries Incorporated (NYSE:ABM), which corresponds to 8.64% upside potential than its current market price of $38.44 and implies potential despite the recent drop in the price. However, their current target price has climbed from $40.4575 a month ago and is up handily from the consensus target of $40.4575 a quarter ago.
In the last five years, the EPS of the company has been roughly -0.9%. Though the percentage looks disappointing, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 16%. The revenue of the company has risen at an average annualized rate of about 7.8 over the last five years. The company recently recorded an increase of 0.9%, but this figure is rather unattractive.