Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate ABM Industries Inc before investing.

In this article, we go over a few key elements for understanding ABM Industries Inc’s stock price such as:

• ABM Industries Inc’s current stock price and volume
• Why ABM Industries Inc’s stock price changed recently
• Upgrades and downgrades for ABM from analysts
• ABM’s stock price momentum as measured by its relative strength

About ABM Industries Inc (ABM)

Before we jump into ABM Industries Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

ABM Industries Incorporated, which operates through its subsidiaries, is a provider of integrated facility, infrastructure, and mobility solutions. Its segments include Business & Industry (B&I;), Manufacturing & Distribution (M&D;), Education, Aviation, and Technical Solutions. The B&I; segment encompasses janitorial, facilities engineering, and parking services for commercial real estate properties, sports and entertainment venues, and other facilities. The M&D; segment provides integrated facility services, engineering, janitorial, and other specialized services. The Education segment delivers janitorial, custodial, landscaping and grounds, facilities engineering, and parking services. The Aviation segment supports airlines and airports with services ranging from parking and janitorial to passenger assistance, catering logistics, air cabin maintenance, and transportation. The Technical Solutions segment specializes in facility infrastructure, mechanical and electrical services.

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ABM Industries Inc’s Stock Price as of Market Close

As of March 07, 2024, 4:00 PM, CST, ABM Industries Inc’s stock price was $43.35.

ABM Industries Inc is up 6.28% from its previous closing price of $40.79.

During the last market session, ABM Industries Inc’s stock traded between $40.70 and $41.34. Currently, there are 65.10 million shares of ABM Industries Inc stock available for purchase.

ABM Industries Inc’s price-earnings (P/E) ratio is currently at 10.8, which is low compared to the Business Support Services industry median of 27.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

ABM Industries Inc Stock Price History

ABM Industries Inc’s (ABM) price is currently up 4.94% so far this month.

During the month of March, ABM Industries Inc’s stock price has reached a high of $43.99 and a low of $40.50.

Over the last year, ABM Industries Inc has hit prices as high as $53.05 and as low as $37.61. Year to date, ABM Industries Inc’s stock is down 2.41%.

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What Caused ABM Industries Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 06, 2024, there were 4 analysts who downgraded ABM Industries Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate ABM Industries Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on ABM Industries Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

ABM Industries Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about ABM Industries Inc (ABM) by visiting AAII Stock Evaluator.

Relative Price Strength of ABM Industries Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 06, 2024, ABM Industries Inc has a weighted four-quarter relative price strength of -10.49%, which translates to a Momentum Score of 35 and is considered to be Weak.

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ABM Industries Inc Stock Price: Bottom Line

As of March 7, 2024, ABM Industries Inc’s stock price is $43.35, which is up 6.28% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like ABM Industries Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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