ABM Industries (NYSE:ABM) Price Target Raised to $49.00

ABM Industries (NYSE:ABM) had its price objective boosted by Truist Financial from $45.00 to $49.00 in a research note issued to investors on Monday,Benzinga reports. Truist Financial currently has a hold rating on the business services provider’s stock.

Other research analysts also recently issued reports about the company. Weiss Ratings downgraded ABM Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 11th. Robert W. Baird increased their price objective on ABM Industries from $48.00 to $53.00 and gave the company a “neutral” rating in a report on Wednesday, September 9th. Finally, UBS Group raised their target price on shares of ABM Industries from $45.00 to $51.50 and gave the company a “neutral” rating in a research note on Wednesday, September 9th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, ABM Industries presently has a consensus rating of “Hold” and a consensus target price of $50.88.

ABM Industries Stock Up 0.9%

Shares of ABM stock opened at $50.38 on Monday. The firm’s fifty day moving average price is $47.74 and its two-hundred day moving average price is $43.39. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.97. ABM Industries has a 1 year low of $36.96 and a 1 year high of $51.29. The firm has a market capitalization of $2.95 billion, a P/E ratio of 18.19, a PEG ratio of 1.39 and a beta of 0.68.

ABM Industries (NYSE:ABM) last posted its quarterly earnings data on Tuesday, September 8th. The business services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. The company had revenue of $2.32 billion during 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%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 EPS. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. On average, equities analysts predict that ABM Industries will post 4.01 EPS for the current fiscal year.

ABM Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, October 1st. This represents a $1.16 dividend on an annualized basis and a yield of 2.3%. ABM Industries’s dividend payout ratio (DPR) is presently 41.88%.

Hedge Funds Weigh In On ABM Industries

A number of institutional investors have recently bought and sold shares of ABM. Aberdeen Wealth Management LLC acquired a new stake in shares of ABM Industries in the second quarter valued at approximately $25,000. IFP Advisors Inc increased its holdings in shares of ABM Industries by 183.7% during the 2nd quarter. IFP Advisors Inc now owns 590 shares of the business services provider’s stock worth $26,000 after acquiring an additional 382 shares during the last quarter. Continuum Advisory LLC bought a new stake in ABM Industries in the 2nd quarter valued at $27,000. Nykredit A S bought a new stake in ABM Industries in the 2nd quarter valued at $36,000. Finally, Western Wealth Management LLC bought a new stake in ABM Industries in the 1st quarter valued at $39,000. Institutional investors and hedge funds own 91.62% of the company’s stock.

ABM Industries Company Profile

ABM Industries Incorporated (NYSE: ABM) is a provider of integrated facility and workplace solutions. The company helps organizations operate and maintain their buildings and infrastructure through services that include janitorial and custodial work, engineering and maintenance, electrical and lighting solutions, HVAC services, landscaping, energy management, and facility operations.

ABM also provides specialized services for aviation, parking, education, healthcare, manufacturing, logistics, commercial real estate, sports and entertainment venues, and government facilities.