ABM Industries (NYSE:ABM) Given New $45.00 Price Target at Robert W. Baird

ABM Industries (NYSE:ABMGet Free Report) had its price objective cut by analysts at Robert W. Baird from $52.00 to $45.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s price target points to a potential upside of 8.83% from the stock’s current price.

A number of other research firms have also recently issued reports on ABM. Truist Financial reiterated a “hold” rating and issued a $47.00 price objective (down from $58.00) on shares of ABM Industries in a report on Wednesday, January 21st. Maxim Group raised ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Wednesday. Wall Street Zen downgraded ABM Industries from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. UBS Group reaffirmed a “neutral” rating and issued a $51.00 target price (down from $55.00) on shares of ABM Industries in a research note on Thursday, December 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ABM Industries in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $48.25.

Read Our Latest Stock Analysis on ABM Industries

ABM Industries Stock Performance

ABM Industries stock opened at $41.35 on Wednesday. ABM Industries has a fifty-two week low of $39.12 and a fifty-two week high of $52.94. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market cap of $2.42 billion, a P/E ratio of 15.96 and a beta of 0.73. The firm’s fifty day moving average price is $44.78 and its 200-day moving average price is $44.78.

ABM Industries (NYSE:ABMGet Free Report) last announced its 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). The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.19 billion. ABM Industries had a return on equity of 11.96% and a net margin of 1.86%.The firm’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. On average, equities research analysts expect that ABM Industries will post 3.71 earnings per share for the current fiscal year.

Insider Activity at ABM Industries

In other news, COO Rene Jacobsen sold 31,034 shares of ABM Industries stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $44.12, for a total value of $1,369,220.08. Following the transaction, the chief operating officer owned 51,714 shares in the company, valued at approximately $2,281,621.68. The trade was a 37.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On ABM Industries

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Natixis Advisors LLC increased its stake in ABM Industries by 2.1% in the 4th quarter. Natixis Advisors LLC now owns 11,199 shares of the business services provider’s stock worth $474,000 after purchasing an additional 231 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of ABM Industries by 18.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,612 shares of the business services provider’s stock valued at $76,000 after purchasing an additional 246 shares during the period. Cornerstone Wealth Management LLC boosted its stake in shares of ABM Industries by 2.3% during the third quarter. Cornerstone Wealth Management LLC now owns 11,022 shares of the business services provider’s stock valued at $508,000 after purchasing an additional 247 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of ABM Industries by 4.0% in the third quarter. PNC Financial Services Group Inc. now owns 6,506 shares of the business services provider’s stock worth $300,000 after purchasing an additional 248 shares during the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of ABM Industries by 4.2% in the third quarter. Mackenzie Financial Corp now owns 6,442 shares of the business services provider’s stock worth $297,000 after purchasing an additional 259 shares during the last quarter. 91.62% of the stock is currently owned by institutional investors.

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ABM Industries Company Profile

(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.

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Analyst Recommendations for ABM Industries (NYSE:ABM)

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