ABM Industries (NYSE:ABM) Price Target Raised to $48.00

ABM Industries (NYSE:ABM) had its price target boosted by investment analysts at Robert W. Baird from $45.00 to $48.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s price objective would suggest a potential upside of 11.21% from the company’s previous close.

A number of other brokerages have also issued reports on ABM. UBS Group decreased 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. Weiss Ratings lowered shares of ABM Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Truist Financial cut 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 note on Wednesday, March 11th. Finally, 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 report on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $47.00.

ABM Industries Trading Up 1.5%

Shares of NYSE ABM traded up $0.62 during midday trading on Monday, reaching $43.16. 94,320 shares of the stock were exchanged, compared to its average volume of 562,159. The company has a market capitalization of $2.53 billion, a P/E ratio of 16.60 and a beta of 0.71. ABM Industries has a 52-week low of $36.96 and a 52-week high of $50.12. The company has a current ratio of 1.46, a quick ratio of 1.50 and a debt-to-equity ratio of 1.04. The stock has a 50 day moving average price of $39.61 and a 200-day moving average price of $42.19.

ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Friday, June 5th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). ABM Industries had a net margin of 1.75% and a return on equity of 11.84%. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the previous year, the company posted $0.86 EPS. The business’s quarterly revenue was up 8.4% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Equities research analysts expect that ABM Industries will post 3.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ABM Industries

Several institutional investors and hedge funds have recently modified their holdings of ABM. Caitong International Asset Management Co. Ltd grew its stake in shares of ABM Industries by 590.9% in 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 buying an additional 520 shares in the last quarter. First Horizon Corp lifted its position in ABM Industries by 141.4% during the 4th quarter. First Horizon Corp now owns 886 shares of the business services provider’s stock worth $37,000 after acquiring an additional 519 shares in the last quarter. Western Wealth Management LLC purchased a new position in ABM Industries in the 1st quarter worth approximately $39,000. Quarry LP boosted its holdings in ABM Industries by 667.0% in the 3rd quarter. Quarry LP now owns 882 shares of the business services provider’s stock worth $41,000 after acquiring an additional 767 shares during the period. Finally, Covestor Ltd grew its position in ABM Industries by 89.1% in the fourth quarter. Covestor Ltd now owns 1,055 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 497 shares in the last quarter. Hedge funds and other institutional investors own 91.62% of the company’s stock.

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.