ABM Industries to Acquire WGNSTAR for $275M

ABM Industries ( (ABM) ) has shared an announcement.

ABM Industries announced plans to acquire WGNSTAR, an Ireland-based company, for $275 million to strengthen its presence in the semiconductor market and enhance its technical capabilities in fabrication environments. The company also reported strong fiscal 2025 results, with record revenues of $8.7 billion, significant growth across segments, and an optimistic outlook for fiscal 2026, projecting continued organic growth and robust earnings driven by operational efficiency, market demand, and strategic initiatives.

The most recent analyst rating on (ABM) stock is a Hold with a $47.00 price target. To see the full list of analyst forecasts on ABM Industries stock, see the ABM Stock Forecast page.

Spark’s Take on ABM Stock

According to Spark, TipRanks’ AI Analyst, ABM is a Neutral.

ABM Industries’ strong financial performance and positive earnings call guidance are key strengths, indicating potential for future growth. However, technical indicators suggest bearish momentum, and valuation metrics imply the stock may be overvalued. The company’s strategic initiatives and restructuring efforts are expected to yield benefits, but current margin pressures and cash flow challenges warrant caution.

To see Spark’s full report on ABM stock, click here.

More about ABM Industries

ABM Industries is a leading provider of facility, engineering, and infrastructure solutions. The company operates across diverse sectors, including Technical Solutions, Aviation, Manufacturing & Distribution, Business & Industry, and Education, focusing on operational efficiency and innovative capabilities to serve its end markets.

Average Trading Volume: 514,567

Technical Sentiment Signal: Hold

Current Market Cap: $2.8B

See more insights into ABM stock on TipRanks’ Stock Analysis page.