ABM Industries (NYSE:ABM) Given New $45.00 Price Target at Truist Financial

ABM Industries (NYSE:ABM) had its target price reduced by equities research analysts at Truist Financial from $47.00 to $45.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the business services provider’s stock. Truist Financial’s target price points to a potential upside of 9.38% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. UBS Group reaffirmed a “neutral” rating and issued a $51.00 price objective (down from $55.00) on shares of ABM Industries in a report on Thursday, December 18th. Weiss Ratings restated a “hold (c)” rating on shares of ABM Industries in a research report on Wednesday, January 21st. Maxim Group raised shares of ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Wednesday. Wall Street Zen cut shares of ABM Industries from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Finally, Robert W. Baird lowered their price objective on shares of ABM Industries from $52.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday. One equities research 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, ABM Industries presently has an average rating of “Hold” and an average price target of $47.75.

ABM Industries Stock Down 0.3%

ABM opened at $41.14 on Wednesday. The stock’s 50 day moving average price is $44.78 and its 200 day moving average price is $44.78. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market cap of $2.41 billion, a P/E ratio of 16.02 and a beta of 0.73. ABM Industries has a 12 month low of $39.12 and a 12 month high of $52.94.

ABM Industries (NYSE:ABM) last announced its quarterly earnings results on Tuesday, March 10th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). ABM Industries had a return on equity of 11.96% and a net margin of 1.86%.The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the firm posted $0.87 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. As a group, research analysts predict that ABM Industries will post 3.71 earnings per share for the current year.

Insider Activity

In other news, COO Rene Jacobsen sold 31,034 shares of ABM Industries stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $44.12, for a total value of $1,369,220.08. Following the transaction, the chief operating officer owned 51,714 shares of the company’s stock, valued at $2,281,621.68. The trade was a 37.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.90% of the stock is owned by corporate insiders.

Institutional Trading of ABM Industries

A number of large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd increased its holdings in shares of 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 buying an additional 520 shares in the last quarter. First Horizon Corp grew its holdings in shares of ABM Industries by 141.4% in 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 during the last quarter. Quarry LP raised its position in shares of 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 period. Covestor Ltd raised its position in shares of ABM Industries by 89.1% during the fourth quarter. Covestor Ltd now owns 1,055 shares of the business services provider’s stock worth $45,000 after purchasing an additional 497 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of ABM Industries during the fourth quarter valued at $46,000. 91.62% of the stock is currently owned by institutional investors.

More ABM Industries News

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

• Positive Sentiment: Maxim Group upgraded ABM from Hold to Buy and set a $50 price target, signaling some analyst confidence and potential upside. Finviz: Maxim upgrade TickerReport: Maxim upgrade
• Positive Sentiment: ABM declared a quarterly dividend of $0.29/share (ex-dividend April 2, pay May 4), supporting income-oriented investors and partially offsetting short-term sell pressure. GlobeNewswire: Dividend & Q1 release
• Positive Sentiment: Company highlighted strategic growth opportunities — a partnership with the Phillies showcasing its technology platform and aims at large venues, and management commentary on the WGNSTAR acquisition strengthening semiconductor services. These reinforce longer-term revenue diversification. Yahoo Finance: Phillies deal Seeking Alpha: WGNSTAR acquisition note
• Neutral Sentiment: Revenue topped expectations ($2.24B vs. ~$2.19B) and revenue grew ~6.1% year-over-year, showing demand resilience even as margins pressured EPS. Investing.com: Revenue beat
• Neutral Sentiment: Management reaffirmed FY2026 EPS guidance of $3.85–$4.15, but the midpoint is slightly below the Street consensus (~$4.03), leaving room for debate on upside. Conference call transcript and slide deck are available for detail. Press Release / Slide Deck Earnings call transcript
• Negative Sentiment: ABM missed Q1 EPS ($0.83 vs. est. $0.87), which drove immediate negative reaction; several headlines emphasize the earnings disappointment despite the revenue beat. Zacks: EPS miss MarketWatch: Shares slide
• Negative Sentiment: Shares have fallen to a 52-week low and coverage notes highlight the weakness, increasing downside attention among traders. MSN: 52-week low
• Negative Sentiment: Robert W. Baird cut its price target from $52 to $45 and moved to a Neutral rating, reducing an optimistic analyst view and likely weighing on sentiment. Benzinga: Baird lowers target

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.