Analysts Set ABM Industries Incorporated (NYSE:ABM) Target Price at $47.75

Shares of ABM Industries Incorporated (NYSE:ABMGet Free Report) have earned an average rating of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $46.25.

A number of research firms recently weighed in on ABM. Robert W. Baird lowered their price objective 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. Truist Financial reduced their target price on shares of ABM Industries from $47.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday. Maxim Group raised shares of ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Wednesday. UBS Group cut their price target on shares of ABM Industries from $51.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Wall Street Zen lowered ABM Industries from a “buy” rating to a “hold” rating in a report on Saturday, December 13th.

Check Out Our Latest Analysis on ABM

ABM Industries Price Performance

ABM Industries stock opened at $38.81 on Wednesday. The firm has a market cap of $2.27 billion, a PE ratio of 15.28 and a beta of 0.73. The company’s 50 day moving average is $44.60 and its two-hundred day moving average is $44.64. ABM Industries has a 52-week low of $38.27 and a 52-week high of $52.94. The company has a quick ratio of 1.48, a current ratio of 1.50 and a debt-to-equity ratio of 0.93.

ABM Industries (NYSE:ABMGet Free Report) last issued its quarterly earnings results on Tuesday, March 10th. The business services provider reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.04). ABM Industries had a return on equity of 11.77% and a net margin of 1.78%.The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the company earned $0.87 EPS. ABM Industries’s revenue for the quarter 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, research analysts expect that ABM Industries will post 3.71 EPS for the current fiscal year.

ABM Industries Dividend Announcement

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

Trending Headlines about ABM Industries

Here are the key news stories impacting ABM Industries this week:

Insider Activity at ABM Industries

In other ABM Industries news, COO Rene Jacobsen sold 31,034 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $44.12, for a total transaction of $1,369,220.08. Following the transaction, the chief operating officer directly owned 51,714 shares in the company, valued at approximately $2,281,621.68. This represents a 37.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On ABM Industries

Institutional investors have recently modified their holdings of the company. Corient Private Wealth LLC grew its position in ABM Industries by 96.7% during the fourth quarter. Corient Private Wealth LLC now owns 13,053 shares of the business services provider’s stock valued at $552,000 after acquiring an additional 6,416 shares during the period. Hsbc Holdings PLC grew its stake in ABM Industries by 192.1% in the fourth quarter. Hsbc Holdings PLC now owns 42,034 shares of the business services provider’s stock worth $1,785,000 after purchasing an additional 27,643 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of ABM Industries by 21.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,988 shares of the business services provider’s stock valued at $380,000 after acquiring an additional 1,600 shares in the last quarter. XTX Topco Ltd lifted its position in shares of ABM Industries by 695.2% in the 4th quarter. XTX Topco Ltd now owns 47,794 shares of the business services provider’s stock worth $2,022,000 after buying an additional 41,784 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in shares of ABM Industries during the 4th quarter valued at about $3,195,000. Institutional investors and hedge funds own 91.62% of the company’s stock.

About ABM Industries

(Get Free Report)

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.

Further Reading

Analyst Recommendations for ABM Industries (NYSE:ABM)

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