ABM Industries (NYSE:ABM) Stock Price Expected to Rise, Truist Financial Analyst Says

Key Points

• Truist Financial raised ABM Industries’ price target from $45 to $49 but maintained a “Hold” rating, implying roughly 0.5% downside from the stock’s $49.24 price. The analyst consensus remains “Hold,” with an average target of $50.88.
• ABM reported quarterly EPS of $1.04, beating estimates of $1.01, while revenue reached $2.32 billion, up 4.2% year over year and in line with expectations. The company reaffirmed fiscal 2026 EPS guidance of $3.95 to $4.10.
• Institutional investors own 91.62% of ABM’s shares, with several major funds increasing their positions during the first quarter. The stock has traded between $36.96 and $51.29 over the past year.

ABM Industries (NYSE:ABM - Get Free Report) had its price objective boosted by research analysts at Truist Financial from $45.00 to $49.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a "hold" rating on the business services provider's stock. Truist Financial's target price suggests a potential downside of 0.48% from the stock's current price.

Several other analysts have also recently weighed in on ABM. UBS Group increased their price target on shares of ABM Industries from $45.00 to $51.50 and gave the company a "neutral" rating in a research note on Wednesday. Robert W. Baird lifted their price target on shares of ABM Industries from $48.00 to $53.00 and gave the company a "neutral" rating in a research report on Wednesday, September 9th. Finally, Weiss Ratings cut ABM Industries from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $50.88.

ABM Industries Price Performance

Shares of NYSE ABM traded down $0.19 during trading on Monday, reaching $49.24. The company had a trading volume of 202,985 shares, compared to its average volume of 551,199. ABM Industries has a 52 week low of $36.96 and a 52 week high of $51.29. The business's 50 day moving average price is $47.42 and its 200-day moving average price is $43.26. The stock has a market cap of $2.89 billion, a PE ratio of 17.86, a PEG ratio of 1.37 and a beta of 0.68. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.42 and a current ratio of 1.42.

ABM Industries (NYSE:ABM - Get Free Report) last released its quarterly earnings results on Tuesday, September 8th. The business services provider reported $1.04 EPS 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 for the quarter, compared to analysts' expectations of $2.32 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. ABM Industries's revenue was up 4.2% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. Analysts expect that ABM Industries will post 4.01 earnings per share for the current year.

Hedge Funds Weigh In On ABM Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada grew its position in ABM Industries by 0.4% during the first quarter. Royal Bank of Canada now owns 86,571 shares of the business services provider's stock worth $4,100,000 after buying an additional 312 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in ABM Industries by 2.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,983 shares of the business services provider's stock worth $1,752,000 after buying an additional 984 shares during the last quarter. Millennium Management LLC boosted its stake in ABM Industries by 2.2% during the 1st quarter. Millennium Management LLC now owns 79,533 shares of the business services provider's stock valued at $3,767,000 after purchasing an additional 1,734 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in ABM Industries by 5.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,038 shares of the business services provider's stock valued at $8,527,000 after acquiring an additional 8,704 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of ABM Industries by 592.0% during the 1st quarter. Jane Street Group LLC now owns 140,201 shares of the business services provider's stock worth $6,640,000 after acquiring an additional 119,942 shares during the last quarter. 91.62% of the stock is owned by institutional investors.

ABM Industries Company Profile

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.

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