Robert W. Baird Issues Positive Forecast for ABM Industries (NYSE:ABM) Stock Price

ABM Industries (NYSE:ABM) had its price objective increased by equities research analysts at Robert W. Baird from $45.00 to $48.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s price objective indicates a potential upside of 11.21% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the stock. Truist Financial lowered their price target on ABM Industries from $47.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, March 11th. Weiss Ratings downgraded ABM Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. UBS Group reduced their price target on shares of ABM Industries from $51.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 11th. Finally, Maxim Group raised shares of ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Wednesday, March 11th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $47.00.

ABM Industries Trading Up 1.5%

Shares of ABM stock traded up $0.62 on Monday, hitting $43.16. 94,320 shares of the stock traded hands, compared to its average volume of 562,159. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.50 and a current ratio of 1.46. ABM Industries has a twelve month low of $36.96 and a twelve month high of $50.12. The firm’s 50-day moving average price is $39.61 and its two-hundred day moving average price is $42.19. The stock has a market capitalization of $2.53 billion, a PE ratio of 16.60 and a beta of 0.71.

ABM Industries (NYSE:ABM) last issued its earnings results on Friday, June 5th. The business services provider reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.21 billion. ABM Industries had a return on equity of 11.84% and a net margin of 1.75%.ABM Industries’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the firm earned $0.86 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. As a group, analysts anticipate that ABM Industries will post 3.94 EPS for the current year.

Institutional Investors Weigh In On ABM Industries

A number of hedge funds have recently added to or reduced their stakes in ABM. Caitong International Asset Management Co. Ltd lifted its holdings in ABM Industries by 590.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 520 shares during the period. First Horizon Corp boosted its stake in shares of ABM Industries by 141.4% during the 4th quarter. First Horizon Corp now owns 886 shares of the business services provider’s stock worth $37,000 after acquiring an additional 519 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of ABM Industries in the 1st quarter worth approximately $39,000. Quarry LP raised its holdings in ABM Industries by 667.0% during the third quarter. Quarry LP now owns 882 shares of the business services provider’s stock worth $41,000 after purchasing an additional 767 shares during the last quarter. Finally, Covestor Ltd grew its holdings in ABM Industries by 89.1% in the fourth quarter. Covestor Ltd now owns 1,055 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 497 shares during the last quarter. Institutional investors and hedge funds own 91.62% of the company’s stock.

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.