Servicemaster Global (NYSE:SERV) Price Target Raised to $61.00

Servicemaster Global (NYSE:SERV) had its price objective boosted by Buckingham Research from $53.00 to $61.00 in a research note published on Thursday morning, The Fly reports. They currently have a neutral rating on the business services provider’s stock. The analysts noted that the move was a valuation call.

SERV has been the subject of several other reports. ValuEngine raised shares of Servicemaster Global from a hold rating to a buy rating in a research report on Wednesday, May 8th. Morgan Stanley lifted their price objective on shares of Servicemaster Global from $51.00 to $54.00 and gave the stock an equal weight rating in a research report on Wednesday, August 7th. Nomura reaffirmed a buy rating and set a $62.00 price objective on shares of Servicemaster Global in a research report on Thursday, August 8th. Finally, Zacks Investment Research raised shares of Servicemaster Global from a sell rating to a hold rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $49.78.

Servicemaster Global stock opened at $56.84 on Thursday. The stock has a market cap of $7.86 billion, a P/E ratio of 59.83, a price-to-earnings-growth ratio of 2.22 and a beta of 0.73. The company has a fifty day simple moving average of $54.51 and a 200-day simple moving average of $50.21. Servicemaster Global has a 12-month low of $34.28 and a 12-month high of $58.78. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.59.



Servicemaster Global (NYSE:SERV) last released its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.03. The business had revenue of $560.00 million during the quarter, compared to analysts’ expectations of $549.25 million. Servicemaster Global had a negative net margin of 2.02% and a positive return on equity of 11.17%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.79 EPS. As a group, sell-side analysts forecast that Servicemaster Global will post 1.43 earnings per share for the current fiscal year.

In related news, Director Mark E. Tomkins sold 2,444 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $53.94, for a total value of $131,829.36. Following the completion of the sale, the director now directly owns 17,398 shares of the company’s stock, valued at $938,448.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.23% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Treasurer of the State of North Carolina boosted its holdings in Servicemaster Global by 40.0% during the second quarter. Treasurer of the State of North Carolina now owns 88,400 shares of the business services provider’s stock worth $4,605,000 after buying an additional 25,250 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in Servicemaster Global during the second quarter worth about $418,000. BlackRock Inc. boosted its holdings in Servicemaster Global by 18.3% during the second quarter. BlackRock Inc. now owns 6,928,643 shares of the business services provider’s stock worth $360,913,000 after buying an additional 1,071,317 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in Servicemaster Global by 63.2% during the second quarter. Harvest Fund Management Co. Ltd now owns 1,843 shares of the business services provider’s stock worth $96,000 after buying an additional 714 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Servicemaster Global by 40.7% during the second quarter. Royal Bank of Canada now owns 12,854 shares of the business services provider’s stock worth $670,000 after buying an additional 3,718 shares in the last quarter.

Servicemaster Global Company Profile

ServiceMaster Global Holdings, Inc provides services to residential and commercial customers in the termite, pest control, cleaning, and restoration markets in all 50 states and the District of Columbia. The company operates through two segments, Terminix and ServiceMaster Brands. 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.

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