ABM Industries (NYSE:ABM) Price Target Raised to $53.00 at Robert W. Baird

Key Points

• Robert W. Baird raised ABM Industries’ price target from $48 to $53 while maintaining a “neutral” rating, implying approximately 4.5% upside from the reported share price.
• ABM exceeded quarterly earnings expectations, reporting adjusted EPS of $1.04 versus the $1.01 consensus and revenue of approximately $2.32 billion, up 4.2% year over year. The company reaffirmed fiscal 2026 adjusted EPS guidance of $3.95 to $4.10.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and average price target of $48.25; ABM shares were trading near their 12-month high after rising 7.8%.

ABM Industries (NYSE:ABM - Get Free Report) had its target price lifted by stock analysts at Robert W. Baird from $48.00 to $53.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a "neutral" rating on the business services provider's stock. Robert W. Baird's price target would indicate a potential upside of 4.51% from the company's current price.

Separately, Weiss Ratings raised shares of ABM Industries from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, ABM Industries has a consensus rating of "Hold" and an average price target of $48.25.

ABM Industries Stock Up 7.8%

Shares of NYSE:ABM opened at $50.71 on Wednesday. The firm has a market cap of $2.97 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 1.23 and a beta of 0.68. The company has a fifty day simple moving average of $47.12 and a 200 day simple moving average of $43.17. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.04. ABM Industries has a 12-month low of $36.96 and a 12-month high of $50.95.

ABM Industries (NYSE:ABM - Get Free Report) last posted its quarterly earnings data on Tuesday, September 8th. The business services provider reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. ABM Industries had a net margin of 1.75% and a return on equity of 11.84%. The firm's revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 EPS. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. On average, equities research analysts anticipate that ABM Industries will post 3.97 EPS for the current fiscal year.

Insider Transactions at ABM Industries

In other ABM Industries news, CEO Scott Salmirs sold 50,000 shares of ABM Industries stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $46.34, for a total value of $2,317,000.00. Following the completion of the transaction, the chief executive officer directly owned 395,285 shares in the company, valued at $18,317,506.90. The trade was a 11.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ABM Industries

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

Trending Headlines about ABM Industries

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

• Positive Sentiment: Third-quarter results exceeded expectations. Adjusted EPS rose 27% year over year to $1.04, beating the $1.01 consensus estimate, while revenue increased 4.2% to a quarterly record of approximately $2.32 billion. Net income rose 19% to $49.7 million, and adjusted EBITDA increased 11% to $139.6 million. ABM Industries Posts Higher 3Q Profit, Revenue
• Positive Sentiment: ABM raised its fiscal 2026 outlook. The company now expects adjusted EPS of $3.95 to $4.10, with management highlighting strong operating performance. It also increased expectations for operating and free cash flow, which totaled $146.8 million and $128.4 million, respectively, in the quarter. ABM Reports Fiscal Third Quarter 2026 Results
• Positive Sentiment: Shareholder returns remain supported by the quarterly dividend. ABM declared a $0.29-per-share dividend, payable November 2 to shareholders of record October 1. The annualized payout is approximately $1.16 per share, representing a yield of about 2.3%.
• Neutral Sentiment: Revenue growth consisted of 2.1% organic growth and 2.1% acquisition-related growth. Analysts remain constructive because of broad segment growth, liquidity and improving earnings expectations, although the shares’ valuation and performance near the 52-week high may limit additional near-term upside. Why Retain ABM Stock
• Negative Sentiment: Margin pressure and competition remain risks for ABM Industries. Despite the earnings beat, the company’s net margin was only 1.75%, leaving profitability sensitive to labor costs, execution and competitive pricing.

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.

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