ABM Industries Incorporated (NYSE:ABM) Stock Has Average Target Price of $50.88 According to Analysts

ABM Industries Incorporated (NYSE:ABM) has been assigned a consensus recommendation of “Hold” from the five research firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $50.88.

ABM has been the topic of a number of recent analyst reports. Weiss Ratings upgraded ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. UBS Group upped their price target on shares of ABM Industries from $45.00 to $51.50 and gave the stock a “neutral” rating in a report on Wednesday, September 9th. Robert W. Baird upped their target price on ABM Industries from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 9th. Finally, Truist Financial lifted their price target on ABM Industries from $45.00 to $49.00 and gave the company a “hold” rating in a research note on Monday, September 14th.

Hedge Funds Weigh In On ABM Industries

A number of institutional investors have recently added to or reduced their stakes in ABM. Integrated Wealth Concepts LLC bought a new position in ABM Industries in the 2nd quarter valued at approximately $281,000. IFP Advisors Inc increased its holdings in shares of ABM Industries by 183.7% during the second quarter. IFP Advisors Inc now owns 590 shares of the business services provider’s stock worth $26,000 after buying an additional 382 shares in the last quarter. Allworth Financial LP increased its holdings in shares of ABM Industries by 115.1% during the second quarter. Allworth Financial LP now owns 2,642 shares of the business services provider’s stock worth $117,000 after buying an additional 1,414 shares in the last quarter. Nykredit A S bought a new position in shares of ABM Industries in the 2nd quarter valued at $36,000. Finally, Corient Private Wealth LP lifted its stake in shares of ABM Industries by 83.5% in the 2nd quarter. Corient Private Wealth LP now owns 64,731 shares of the business services provider’s stock valued at $2,864,000 after acquiring an additional 29,460 shares during the last quarter. 91.62% of the stock is currently owned by institutional investors and hedge funds.

ABM Industries Stock Down 0.7%

ABM stock opened at $48.68 on Friday. ABM Industries has a fifty-two week low of $36.96 and a fifty-two week high of $51.29. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.42 and a quick ratio of 1.42. The business’s fifty day moving average price is $48.31 and its two-hundred day moving average price is $43.77. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.36 and a beta of 0.68.

ABM Industries (NYSE:ABM) last announced its earnings results on Tuesday, September 8th. The business services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.32 billion. ABM Industries had a net margin of 1.82% and a return on equity of 12.46%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.82 EPS. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. On average, equities analysts anticipate that ABM Industries will post 4.01 earnings per share for the current year.

ABM Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.16 annualized dividend and a yield of 2.4%. ABM Industries’s payout ratio is presently 41.88%.

About ABM Industries

ABM Industries Incorporated (NYSE: ABM) is a provider of integrated facility and workplace solutions. The company helps organizations operate and maintain their buildings and infrastructure through services that include janitorial and custodial work, engineering and maintenance, electrical and lighting solutions, HVAC services, landscaping, energy management, and facility operations.

ABM also provides specialized services for aviation, parking, education, healthcare, manufacturing, logistics, commercial real estate, sports and entertainment venues, and government facilities.