ABM Industries Incorporated (NYSE:ABM) Given Average Recommendation of “Hold” by Brokerages

Shares of ABM Industries Incorporated (NYSE:ABM) have received a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $55.6667.

A number of research firms recently commented on ABM. Robert W. Baird reissued a “neutral” rating and issued a $54.00 price target (down from $56.00) on shares of ABM Industries in a research report on Monday, September 8th. Wall Street Zen downgraded shares of ABM Industries from a “buy” rating to a “hold” rating in a report on Saturday. Baird R W lowered shares of ABM Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Weiss Ratings restated a “hold (c)” rating on shares of ABM Industries in a report on Wednesday, October 8th. Finally, UBS Group increased their price objective on shares of ABM Industries from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, September 8th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Nordea Investment Management AB boosted its stake in ABM Industries by 1,068.7% in the third quarter. Nordea Investment Management AB now owns 1,606,331 shares of the business services provider’s stock valued at $73,297,000 after acquiring an additional 1,468,887 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of ABM Industries by 419.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,111,320 shares of the business services provider’s stock worth $51,254,000 after purchasing an additional 897,402 shares during the period. Norges Bank bought a new stake in shares of ABM Industries in the 2nd quarter worth approximately $38,434,000. SG Capital Management LLC purchased a new position in ABM Industries in the second quarter valued at approximately $29,064,000. Finally, Millennium Management LLC grew its holdings in ABM Industries by 883.5% during the third quarter. Millennium Management LLC now owns 672,200 shares of the business services provider’s stock valued at $31,002,000 after purchasing an additional 603,853 shares during the period. Hedge funds and other institutional investors own 91.62% of the company’s stock.

ABM Industries Price Performance

Shares of NYSE ABM opened at $45.88 on Wednesday. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 24.93 and a beta of 0.74. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.49 and a current ratio of 1.49. ABM Industries has a fifty-two week low of $40.00 and a fifty-two week high of $56.54. The firm’s 50-day simple moving average is $43.85 and its 200 day simple moving average is $46.05.

ABM Industries (NYSE:ABM) last issued its quarterly earnings data on Wednesday, December 17th. The business services provider reported $0.88 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.22). ABM Industries had a return on equity of 12.12% and a net margin of 1.34%.The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the company earned $0.90 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. As a group, research analysts anticipate that ABM Industries will post 3.71 earnings per share for the current fiscal year.

ABM Industries declared that its board has initiated a stock repurchase plan on Friday, September 5th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the business services provider to repurchase up to 5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

About ABM Industries

ABM Industries Incorporated, through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally. It operates through Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions segments.