Analysts Set ABM Industries Incorporated (NYSE:ABM) Price Target at $46.25

Shares of ABM Industries Incorporated (NYSE:ABM) have earned a consensus recommendation of “Hold” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $46.25.

Several equities analysts recently issued reports on ABM shares. UBS Group lowered their price target on ABM Industries from $51.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 11th. Maxim Group upgraded ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Wednesday, March 11th. Robert W. Baird lowered their price target on ABM Industries from $52.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 11th. Weiss Ratings lowered ABM Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Finally, Truist Financial lowered their price target on ABM Industries from $47.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th.

ABM Industries Trading Up 0.2%

ABM Industries stock opened at $39.12 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.50 and a current ratio of 1.50. The business’s 50-day simple moving average is $39.40 and its 200-day simple moving average is $42.26. The firm has a market capitalization of $2.29 billion, a PE ratio of 15.40 and a beta of 0.71. ABM Industries has a 52 week low of $36.96 and a 52 week high of $52.94.

ABM Industries (NYSE:ABM) last posted its quarterly earnings data on Tuesday, March 10th. The business services provider reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). ABM Industries had a return on equity of 11.77% and a net margin of 1.78%.The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Equities research analysts forecast that ABM Industries will post 3.94 earnings per share for the current year.

ABM Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 4th. Investors of record on Thursday, April 2nd were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.0%. The ex-dividend date was Thursday, April 2nd. ABM Industries’s payout ratio is currently 45.67%.

Hedge Funds Weigh In On ABM Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in ABM. Caitong International Asset Management Co. Ltd increased its stake in ABM Industries by 590.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 520 shares during the period. First Horizon Corp boosted its holdings in ABM Industries by 141.4% during the fourth quarter. First Horizon Corp now owns 886 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 519 shares in the last quarter. Western Wealth Management LLC acquired a new stake in ABM Industries during the first quarter valued at approximately $39,000. Quarry LP boosted its holdings in ABM Industries by 667.0% during the third quarter. Quarry LP now owns 882 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 767 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in ABM Industries by 89.1% during the fourth quarter. Covestor Ltd now owns 1,055 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 497 shares in the last quarter. 91.62% of the stock is currently owned by institutional investors.

About ABM Industries

ABM Industries Incorporated is a leading provider of integrated facility services, offering a comprehensive suite of solutions designed to support the operation, maintenance and enhancement of commercial properties. The company’s core services include janitorial and custodial maintenance, HVAC and mechanical systems support, electrical and lighting solutions, and energy optimization. Additional offerings span parking management, security services, landscaping, and specialized support such as technical solutions and sustainability consulting.

Serving a diverse range of markets, ABM caters to clients in commercial real estate, aviation, healthcare, manufacturing, education, government entities, and technology campuses.