ABM Industries (NYSE:ABM) Raised to “Buy” at Wall Street Zen

ABM Industries (NYSE:ABM) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.

Other equities analysts have also issued research reports about the stock. Robert W. Baird boosted their price target on shares of ABM Industries from $48.00 to $53.00 and gave the company a “neutral” rating in a report on Wednesday, September 9th. UBS Group raised their price objective on ABM Industries from $45.00 to $51.50 and gave the stock a “neutral” rating in a research note on Wednesday, September 9th. Weiss Ratings upgraded ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, September 28th. Finally, Truist Financial boosted their target price on ABM Industries from $45.00 to $49.00 and gave the company a “hold” rating in a research note on Monday, September 14th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, ABM Industries presently has a consensus rating of “Hold” and a consensus target price of $50.88.

ABM Industries Stock Performance

Shares of ABM stock opened at $49.69 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market cap of $2.91 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.38 and a beta of 0.64. The stock has a 50-day moving average of $48.43 and a 200-day moving average of $44.38. ABM Industries has a one year low of $36.96 and a one year high of $51.29.

ABM Industries (NYSE:ABM) last announced its quarterly earnings results on Tuesday, September 8th. The business services provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. ABM Industries had a net margin of 1.82% and a return on equity of 12.46%. ABM Industries’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the company posted $0.82 EPS. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. As a group, sell-side analysts expect that ABM Industries will post 4.00 earnings per share for the current year.

Hedge Funds Weigh In On ABM Industries

Hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. bought a new position in shares of ABM Industries in the first quarter valued at $12,739,000. Quantinno Capital Management LP raised its position in ABM Industries by 86.3% during the first quarter. Quantinno Capital Management LP now owns 54,790 shares of the business services provider’s stock worth $2,111,000 after acquiring an additional 25,388 shares in the last quarter. BlackRock Inc. bought a new stake in ABM Industries during the second quarter worth $410,948,000. Louisiana State Employees Retirement System acquired a new stake in ABM Industries in the first quarter valued at $1,002,000. Finally, Invenomic Capital Management LP lifted its stake in ABM Industries by 25.9% in the fourth quarter. Invenomic Capital Management LP now owns 629,452 shares of the business services provider’s stock valued at $26,626,000 after acquiring an additional 129,614 shares during the last quarter. 91.62% of the stock is owned by institutional investors.

ABM Industries Company Profile

ABM Industries Incorporated (NYSE:ABM) is a provider of integrated facility and workplace solutions. The company helps organizations operate, maintain and improve their buildings and infrastructure through services that include janitorial and custodial work, facilities engineering, HVAC and mechanical services, parking and transportation management, security, landscaping, and energy and sustainability solutions.

ABM serves a broad range of end markets, including commercial real estate, aviation, education, healthcare, manufacturing, technology, government and sports and entertainment facilities.