Maxim Group analyst Tate Sullivan has maintained their neutral stance on ABM stock, giving a Hold rating yesterday.
Tate Sullivan’s rating is based on ABM Industries’ recent financial performance, which showed a mixed picture. While the company exceeded expectations in terms of revenue and operating earnings per share for the first quarter of fiscal year 2025, there were concerns regarding its profit margins and free cash flow, which fell short of projections.
Given these mixed results, Sullivan decided to maintain the existing earnings per share estimates and issued a Hold rating. This suggests that while the company has strengths, there are also challenges that need to be addressed before considering a more favorable rating. The Hold rating reflects a cautious approach, indicating that investors may want to wait for further improvements in financial metrics before making any significant investment decisions in ABM Industries.
ABM’s price has also changed slightly for the past six months – from $51.610 to $47.060, which is a -8.82% drop .
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