Servicemaster Global (SERV) PT Raised to $70.00

Servicemaster Global (NYSE:SERV) had its price target hoisted by equities researchers at Nomura from $67.00 to $70.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the business services provider’s stock. Nomura’s target price points to a potential upside of 17.65% from the company’s previous close.

A number of other equities analysts have also issued reports on the stock. Buckingham Research assumed coverage on shares of Servicemaster Global in a research report on Wednesday, May 9th. They issued a “buy” rating and a $64.00 target price for the company. Zacks Investment Research lowered shares of Servicemaster Global from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Morgan Stanley increased their target price on shares of Servicemaster Global from $62.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, May 2nd. Oppenheimer increased their target price on shares of Servicemaster Global from $55.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, May 2nd. Finally, ValuEngine upgraded shares of Servicemaster Global from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. Servicemaster Global presently has an average rating of “Buy” and a consensus target price of $58.30.

Servicemaster Global stock opened at $59.50 on Thursday. The stock has a market cap of $7.98 billion, a PE ratio of 26.67 and a beta of 0.99. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.97 and a quick ratio of 0.91. Servicemaster Global has a one year low of $38.78 and a one year high of $59.70.

Servicemaster Global (NYSE:SERV) last announced its earnings results on Tuesday, May 1st. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. The firm had revenue of $675.00 million during the quarter, compared to analyst estimates of $663.04 million. Servicemaster Global had a net margin of 17.35% and a return on equity of 29.91%. Servicemaster Global’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 EPS. equities research analysts predict that Servicemaster Global will post 2.55 EPS for the current year.

In other Servicemaster Global news, SVP Susan Hunsberger sold 61,716 shares of the company’s stock in a transaction dated Friday, May 18th. The shares were sold at an average price of $57.23, for a total value of $3,532,006.68. Following the completion of the sale, the senior vice president now directly owns 44,979 shares of the company’s stock, valued at approximately $2,574,148.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timothy M. Haynes sold 55,363 shares of the company’s stock in a transaction dated Thursday, May 3rd. The shares were sold at an average price of $53.18, for a total transaction of $2,944,204.34. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Servicemaster Global by 1.5% in the 1st quarter. BlackRock Inc. now owns 5,698,915 shares of the business services provider’s stock valued at $289,789,000 after acquiring an additional 83,209 shares during the last quarter. Atlanta Capital Management Co. L L C lifted its stake in Servicemaster Global by 8.7% during the first quarter. Atlanta Capital Management Co. L L C now owns 5,583,656 shares of the business services provider’s stock valued at $283,929,000 after buying an additional 448,582 shares in the last quarter. Schroder Investment Management Group lifted its stake in Servicemaster Global by 8.5% during the fourth quarter. Schroder Investment Management Group now owns 1,878,656 shares of the business services provider’s stock valued at $96,319,000 after buying an additional 147,892 shares in the last quarter. Frontier Capital Management Co. LLC lifted its stake in Servicemaster Global by 1.7% during the first quarter. Frontier Capital Management Co. LLC now owns 1,361,085 shares of the business services provider’s stock valued at $69,211,000 after buying an additional 22,748 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Servicemaster Global by 21.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,257,900 shares of the business services provider’s stock valued at $64,493,000 after buying an additional 223,500 shares in the last quarter.

About Servicemaster Global

ServiceMaster Global Holdings, Inc provides residential and commercial services in the United States. The company operates through three segments: Terminix, American Home Shield, and the Franchise Services Group. 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.

Analyst Recommendations for Servicemaster Global (NYSE:SERV)

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