Brokerages Set ABM Industries Incorporated (NYSE:ABM) Price Target at $47.00

ABM Industries Incorporated (NYSE:ABM) has been assigned a consensus rating of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $47.00.

ABM has been the subject of a number of research analyst reports. Weiss Ratings upgraded ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Robert W. Baird raised their price objective on ABM Industries from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday, June 8th.

Insider Activity at ABM Industries

In related news, CEO Scott Salmirs sold 50,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $46.34, for a total transaction of $2,317,000.00. Following the completion of the sale, the chief executive officer owned 395,285 shares of the company’s stock, valued at $18,317,506.90. This represents a 11.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ABM. Aberdeen Wealth Management LLC bought a new position in shares of ABM Industries during the second quarter worth about $25,000. IFP Advisors Inc raised its stake in ABM Industries by 183.7% during the 2nd quarter. IFP Advisors Inc now owns 590 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 382 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in ABM Industries by 590.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 520 shares in the last quarter. Continuum Advisory LLC acquired a new position in ABM Industries during the 2nd quarter worth $27,000. Finally, Nykredit A S bought a new position in shares of ABM Industries in the second quarter worth $36,000. Institutional investors and hedge funds own 91.62% of the company’s stock.

Key Stories Impacting ABM Industries

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

• Positive Sentiment: Quarterly earnings beat estimates: Adjusted EPS rose 27% year over year to $1.04, exceeding the $1.01 consensus estimate. Revenue increased 4.2% to a record approximately $2.3 billion, in line with expectations. ABM Industries Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Profitability and cash generation improved: Net income increased 19% to $49.7 million, adjusted EBITDA rose 11% to $139.6 million, and quarterly free cash flow reached $128.4 million. Nine-month operating and free cash flow also improved substantially year over year. ABM Reports Fiscal Third Quarter 2026 Results
• Positive Sentiment: Fiscal 2026 outlook raised: ABM now expects adjusted EPS of $3.95 to $4.10, with the midpoint above the $3.98 analyst consensus. The company also increased its operating cash flow and free cash flow expectations, signaling confidence in execution.
• Positive Sentiment: Dividend maintained: ABM declared a quarterly dividend of $0.29 per share, equivalent to $1.16 annually and a yield of approximately 2.3%. The dividend is payable November 2 to shareholders of record October 1.
• Neutral Sentiment: Revenue growth consisted of 2.1% organic growth and 2.1% acquisition-related growth, indicating acquisitions remain an important contributor to expansion.
• Negative Sentiment: Analysts’ average price target was reported at $47, below the stock’s recent trading level, potentially limiting near-term upside. Margin pressure and competition also remain risks despite the stronger quarter.

ABM Industries Stock Up 7.8%

NYSE:ABM opened at $50.71 on Wednesday. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.23 and a beta of 0.68. ABM Industries has a one year low of $36.96 and a one year high of $50.95. The stock has a 50-day simple moving average of $47.12 and a 200 day simple moving average of $43.17. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.46 and a current ratio of 1.46.

ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Tuesday, September 8th. The business services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. ABM Industries had a return on equity of 11.84% and a net margin of 1.75%.The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the company earned $0.82 earnings per share. ABM Industries’s quarterly revenue was up 4.2% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. Sell-side analysts predict that ABM Industries will post 3.97 EPS for the current fiscal year.

ABM Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, October 1st. ABM Industries’s dividend payout ratio (DPR) is presently 44.62%.

About ABM Industries

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.