ABM Industries Incorporated (NYSE:ABM) Stock Has Consensus Target Price of $50.88

Key Points

• Analysts maintain a “Hold” consensus on ABM Industries, with four hold ratings and one buy rating; the average 12-month price target is $50.88.
• ABM shares opened at $49.82, near the consensus target, while the company reported quarterly EPS of $1.04, beating estimates by $0.03, and revenue of $2.32 billion, up 4.2% year over year.
• The company declared a quarterly dividend of $0.29 per share, equivalent to $1.16 annually and a 2.3% yield; institutional investors own approximately 91.62% of outstanding shares.

ABM Industries Incorporated (NYSE:ABM - Get Free Report) has been given an average recommendation of "Hold" by the five ratings firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $50.88.

A number of brokerages have recently issued reports on ABM. Weiss Ratings lowered shares of ABM Industries from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, September 11th. Robert W. Baird upped their target price on ABM Industries from $48.00 to $53.00 and gave the company a "neutral" rating in a report on Wednesday, September 9th. UBS Group raised their price objective on shares of ABM Industries from $45.00 to $51.50 and gave the stock a "neutral" rating in a research note on Wednesday, September 9th. Finally, Truist Financial lifted their price objective on ABM Industries from $45.00 to $49.00 and gave the stock a "hold" rating in a research report on Monday, September 14th.

ABM Industries Trading Up 0.6%

Shares of ABM Industries stock opened at $49.82 on Friday. 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 has a 1 year low of $36.96 and a 1 year high of $51.29. The company's fifty day moving average is $48.24 and its two-hundred day moving average is $43.66. The company has a market capitalization of $2.92 billion, a P/E ratio of 17.98, a PEG ratio of 1.38 and a beta of 0.68.

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 the consensus estimate of $1.01 by $0.03. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.32 billion. ABM Industries had a return on equity of 12.46% and a net margin of 1.82%.The firm's revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.82 EPS. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. Analysts forecast that ABM Industries will post 4.01 earnings per share for the current year.

ABM Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.3%. ABM Industries's payout ratio is currently 41.88%.

Institutional Investors Weigh In On ABM Industries

A number of institutional investors have recently bought and sold shares of ABM. Aberdeen Wealth Management LLC purchased a new position in ABM Industries during the second quarter worth approximately $25,000. IFP Advisors Inc boosted its holdings in shares of ABM Industries by 183.7% in the 2nd quarter. IFP Advisors Inc now owns 590 shares of the business services provider's stock valued at $26,000 after purchasing an additional 382 shares during the last quarter. Continuum Advisory LLC purchased a new stake in shares of ABM Industries during the 2nd quarter valued at $27,000. Nykredit A S purchased a new stake in shares of ABM Industries during the 2nd quarter valued at $36,000. Finally, Western Wealth Management LLC acquired a new stake in shares of ABM Industries during the 1st quarter worth $39,000. 91.62% of the stock is currently owned by hedge funds and other 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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