Servicemaster Global Holdings Inc (SERV) Receives $45.89 Average PT from Brokerages

Servicemaster Global Holdings Inc (NYSE:SERV) has been assigned a consensus rating of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $45.89.

Several brokerages recently issued reports on SERV. Buckingham Research boosted their price objective on shares of Servicemaster Global from $48.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Servicemaster Global from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Oppenheimer set a $47.00 price objective on shares of Servicemaster Global and gave the company a “buy” rating in a report on Tuesday, February 26th. Morgan Stanley set a $36.00 price objective on shares of Servicemaster Global and gave the company a “hold” rating in a report on Tuesday, January 8th. Finally, Bank of America lowered shares of Servicemaster Global from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $45.00 to $36.00 in a report on Wednesday, February 20th.

NYSE SERV opened at $46.70 on Wednesday. Servicemaster Global has a 52 week low of $33.27 and a 52 week high of $49.59. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.16 and a current ratio of 2.26. The firm has a market cap of $6.36 billion, a PE ratio of 22.38, a P/E/G ratio of 1.82 and a beta of 1.01.

Servicemaster Global (NYSE:SERV) last issued its quarterly earnings data on Tuesday, February 26th. The business services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). The company had revenue of $457.00 million during the quarter, compared to analysts’ expectations of $446.35 million. Servicemaster Global had a negative net margin of 1.42% and a positive return on equity of 18.28%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share. Sell-side analysts expect that Servicemaster Global will post 1.42 earnings per share for the current fiscal year.

In other news, VP John Patrick Mullen sold 22,376 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $47.80, for a total transaction of $1,069,572.80. Following the completion of the transaction, the vice president now directly owns 14,389 shares of the company’s stock, valued at $687,794.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.16% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. AdvisorNet Financial Inc acquired a new position in Servicemaster Global in the fourth quarter valued at approximately $33,000. Pzena Investment Management LLC acquired a new position in Servicemaster Global in the fourth quarter valued at approximately $208,000. Patten Group Inc. boosted its holdings in Servicemaster Global by 7,037.5% in the fourth quarter. Patten Group Inc. now owns 5,710 shares of the business services provider’s stock valued at $210,000 after purchasing an additional 5,630 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Servicemaster Global in the fourth quarter valued at approximately $238,000. Finally, Raymond James Trust N.A. boosted its holdings in Servicemaster Global by 74.4% in the fourth quarter. Raymond James Trust N.A. now owns 6,747 shares of the business services provider’s stock valued at $248,000 after purchasing an additional 2,879 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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Analyst Recommendations for Servicemaster Global (NYSE:SERV)

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