As per the research groups listed in Thomson Reuters survey, ABM Industries Incorporated (NYSE:ABM), the stock can touch mean price target of $38.500 in coming period. This price target highlights the recommendations of leading experts in the market.
Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $0.520 per share in looming quarter and $1.600 during current fiscal.
While evaluating ABM Industries Incorporated Com on the technical side, it is seen that the firm’s shares price is trading $0.971 points away or +2.600% from its 50-day moving average of $37.334. Further it is trading $4.276 or +12.567% away its 200-day moving average of $34.029. MA here stands for moving average.
ABM Industries Incorporated (NYSE:ABM) stock made a high of $38.590 in last 12-months while the lowest level in same period was $26.500. It entails if stock price makes a movement of over $-0.285, it will make a new 52-week high. In the case of +44.547% decline, it will touch a new 52-week low.
The valuation of ABM Industries Incorporated Com is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, ABM Industries Incorporated (NYSE:ABM) P/E ratio is 37.407. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for ABM Industries Incorporated Com it stands at 4.680.
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