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

Shares of ABM Industries Incorporated (NYSE:ABM) have earned an average recommendation of “Hold” from the five ratings firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $46.25.

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

Institutional Investors Weigh In On ABM Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Invenomic Capital Management LP increased its position in ABM Industries by 86.6% during the 3rd quarter. Invenomic Capital Management LP now owns 499,838 shares of the business services provider’s stock valued at $23,053,000 after buying an additional 231,988 shares in the last quarter. Public Sector Pension Investment Board increased its position in ABM Industries by 14.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 242,869 shares of the business services provider’s stock valued at $11,201,000 after buying an additional 30,761 shares in the last quarter. Kennondale Capital Management LLC increased its position in ABM Industries by 85.6% during the 3rd quarter. Kennondale Capital Management LLC now owns 65,779 shares of the business services provider’s stock valued at $3,034,000 after buying an additional 30,343 shares in the last quarter. AlphaQuest LLC bought a new position in ABM Industries during the 3rd quarter valued at approximately $4,329,000. Finally, SG Americas Securities LLC increased its position in ABM Industries by 206.5% during the 4th quarter. SG Americas Securities LLC now owns 37,849 shares of the business services provider’s stock valued at $1,601,000 after buying an additional 25,501 shares in the last quarter. Hedge funds and other institutional investors own 91.62% of the company’s stock.

ABM Industries Price Performance

Shares of NYSE ABM opened at $39.12 on Monday. ABM Industries has a 1 year low of $36.96 and a 1 year high of $52.94. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.50 and a quick ratio of 1.50. The company’s 50-day moving average is $39.40 and its 200 day moving average is $42.26. The stock has a market capitalization of $2.29 billion, a P/E ratio of 15.40 and a beta of 0.74.

ABM Industries (NYSE:ABM) last announced its quarterly earnings results on Tuesday, March 10th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.04). ABM Industries had a net margin of 1.78% and a return on equity of 11.77%. The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the prior year, the firm earned $0.87 EPS. ABM Industries’s quarterly revenue was up 6.1% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. On average, sell-side analysts expect that ABM Industries will post 3.94 earnings per share for the current year.

ABM Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 4th. Shareholders of record on Thursday, April 2nd were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Thursday, April 2nd. ABM Industries’s dividend payout ratio is 45.67%.

ABM Industries Company Profile

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.