Servicemaster Global Holdings Inc (SERV) Receives $45.38 Consensus PT from Analysts

Shares of Servicemaster Global Holdings Inc (NYSE:SERV) have received a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $45.38.

SERV has been the topic of a number of research analyst reports. Nomura lifted their price target on shares of Servicemaster Global from $48.20 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, October 10th. Oppenheimer set a $47.00 price target on shares of Servicemaster Global and gave the company a “buy” rating in a research note on Tuesday, November 6th. Stifel Nicolaus lifted their price target on shares of Servicemaster Global from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, October 3rd. They noted that the move was a valuation call. Morgan Stanley cut shares of Servicemaster Global from an “overweight” rating to an “equal weight” rating and set a $42.00 target price on the stock. in a research note on Tuesday, October 2nd. Finally, ValuEngine raised shares of Servicemaster Global from a “sell” rating to a “hold” rating in a research note on Monday, October 8th.

Servicemaster Global stock opened at $37.28 on Friday. Servicemaster Global has a 1 year low of $32.89 and a 1 year high of $45.64. The firm has a market capitalization of $4.97 billion, a P/E ratio of 17.67, a P/E/G ratio of 2.48 and a beta of 1.01. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.09 and a current ratio of 1.15.

Servicemaster Global (NYSE:SERV) last released its quarterly earnings results on Tuesday, November 6th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.12). Servicemaster Global had a net margin of 16.61% and a return on equity of 23.65%. The company had revenue of $873.00 million during the quarter, compared to analyst estimates of $865.00 million. During the same period in the prior year, the business posted $0.73 EPS. Servicemaster Global’s revenue was up 9.5% compared to the same quarter last year. As a group, analysts forecast that Servicemaster Global will post 2.1 EPS for the current year.

In related news, insider Matthew Stevenson sold 2,562 shares of the business’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $44.20, for a total value of $113,240.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in Servicemaster Global during the second quarter worth about $146,000. Moneta Group Investment Advisors LLC increased its stake in Servicemaster Global by 104.2% during the second quarter. Moneta Group Investment Advisors LLC now owns 3,175 shares of the business services provider’s stock worth $189,000 after purchasing an additional 1,620 shares during the period. First Hawaiian Bank purchased a new stake in Servicemaster Global during the third quarter worth about $193,000. Stone Ridge Asset Management LLC purchased a new stake in Servicemaster Global during the third quarter worth about $205,000. Finally, Glen Harbor Capital Management LLC purchased a new stake in Servicemaster Global during the second quarter worth about $214,000. Institutional investors own 93.27% of the company’s stock.

About Servicemaster Global

ServiceMaster Global Holdings, Inc provides termite and pest control, cleaning, and restoration services in residential and commercial markets in the United States. The company operates through, Terminix and the Franchise Services Group segments. The Terminix segment offers termite and pest control services, including termite remediation, annual termite inspection, and prevention treatments with damage claim guarantees, periodic pest control services, insulation services, mosquito control, crawlspace encapsulation, and wildlife exclusion.

Read More: Price to Earnings Ratio (PE) Basics

Analyst Recommendations for Servicemaster Global (NYSE:SERV)

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