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

Shares of ABM Industries Incorporated (NYSE:ABM – Get Free Report) have received an average recommendation of “Hold” from the five research firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $50.88.

A number of research analysts have commented on ABM shares. UBS Group upped their price objective on ABM Industries from $45.00 to $51.50 and gave the company a “neutral” rating in a report on Wednesday, September 9th. Robert W. Baird increased their price objective on ABM Industries from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 9th. Truist Financial lifted their target price on ABM Industries from $45.00 to $49.00 and gave the stock a “hold” rating in a report on Monday, September 14th. Weiss Ratings raised ABM Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, October 13th. Finally, Wall Street Zen raised shares of ABM Industries from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th.

View Our Latest Research Report on ABM

ABM Industries Stock Performance

Shares of ABM opened at $52.25 on Thursday. ABM Industries has a 12 month low of $36.96 and a 12 month high of $52.31. The firm has a fifty day simple moving average of $48.84 and a 200 day simple moving average of $45.10. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 1.44 and a beta of 0.64. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.97.

ABM Industries (NYSE:ABM – Get Free Report) last released its earnings results 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 net margin of 1.82% and a return on equity of 12.46%. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period last year, the business earned $0.82 earnings per share. The firm’s 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. Research analysts forecast that ABM Industries will post 4.00 EPS for the current fiscal 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 is Thursday, October 1st. This represents a $1.16 annualized dividend and a yield of 2.2%. ABM Industries’s dividend payout ratio is presently 41.88%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ABM. BlackRock Inc. bought a new position in shares of ABM Industries during the second quarter valued at $410,948,000. Dimensional Fund Advisors LP lifted its holdings in shares of ABM Industries by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,076,047 shares of the business services provider’s stock worth $157,007,000 after purchasing an additional 24,213 shares during the period. Pzena Investment Management LLC acquired a new position in shares of ABM Industries during the second quarter worth $79,995,000. Copeland Capital Management LLC lifted its holdings in shares of ABM Industries by 70.8% during the third quarter. Copeland Capital Management LLC now owns 707,210 shares of the business services provider’s stock worth $34,017,000 after purchasing an additional 293,172 shares during the period. Finally, Bank of America Corp DE bought a new stake in shares of ABM Industries in the second quarter worth $24,486,000. 91.62% of the stock is currently owned by institutional investors.

ABM Industries Company Profile

(Get Free Report)

ABM Industries Incorporated (NYSE: ABM) is a provider of facility, aviation and transportation, and infrastructure solutions for commercial, industrial, institutional and public-sector customers. The company helps organizations operate and maintain their properties through services that include janitorial and custodial work, facility engineering, HVAC and electrical support, parking and transportation management, landscaping, and security-related solutions.

ABM also provides specialized services for airports, education and healthcare institutions, manufacturing and distribution facilities, data centers, sports and entertainment venues, and other complex environments.

Further Reading

Analyst Recommendations for ABM Industries (NYSE:ABM)

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