ABM Stock Summary and Trading Ideas (Abm Industries | NYSE:ABM)

ABM Industries Inc is a provider of integrated facility solutions. It offers its solutions through five segments: Business and Industry, Manufacturing and Distribution, Education, Aviation and Technical solutions. The company derives the majority of its revenue from the business and industry segment, which encompasses janitorial, facilities engineering, and parking services for commercial real estate properties and sports and entertainment venues, as well as vehicle maintenance and other services to rental car providers. The company mainly operates in the United States of America.

Abm Industries trades on the NYSE stock market under the symbol ABM.

As of October 17, 2024, ABM stock price climbed to $54.33 with 289,181 million shares trading.

ABM has a beta of 0.83, meaning it tends to be less sensitive to market movements. ABM has a correlation of 0.18 to the broad based SPY ETF.

ABM has a market cap of $3.41 billion. This is considered a Mid Cap stock.

Last quarter Abm Industries reported $2 billion in Revenue and $.94 earnings per share. This beat revenue expectation by $54 million and exceeded earnings estimates by $.08.

In the last 3 years, ABM traded as high as $59.78 and as low as $37.61.

The top ETF exchange traded funds that ABM belongs to (by Net Assets): IJR, VTI, IWM, VB, VBR.

ABM has underperformed the market in the last year with a return of +26.2%, while the SPY ETF gained +35.2%. In the last 3 month period, ABM fell short of the market, returning +3.1%, while SPY returned +3.4%. However, in the most recent 2 weeks ABM has outperformed the stock market by returning +6.3%, while SPY returned +2.4%.

ABM support price is $52.94 and resistance is $54.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ABM shares will trade within this expected range on the day.