Servicemaster Global (SERV) Cut to “Neutral” at Buckingham Research

Buckingham Research cut shares of Servicemaster Global (NYSE:SERV) from a buy rating to a neutral rating in a research note published on Wednesday morning, Benzinga reports. Buckingham Research currently has $53.00 price target on the business services provider’s stock. The analysts noted that the move was a valuation call.

Several other analysts also recently issued reports on SERV. Morgan Stanley set a $36.00 price target on shares of Servicemaster Global and gave the company a hold rating in a research report on Tuesday, January 8th. Zacks Investment Research raised shares of Servicemaster Global from a sell rating to a hold rating in a research report on Wednesday, February 13th. Bank of America downgraded shares of Servicemaster Global from a buy rating to an underperform rating and reduced their price target for the company from $45.00 to $36.00 in a research report on Wednesday, February 20th. Oppenheimer lifted their price target on shares of Servicemaster Global from $47.00 to $55.00 and gave the company an outperform rating in a research report on Wednesday, March 13th. Finally, ValuEngine raised shares of Servicemaster Global from a hold rating to a buy rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Servicemaster Global currently has an average rating of Hold and an average price target of $46.89.

Shares of SERV stock opened at $53.57 on Wednesday. The company has a market cap of $7.18 billion, a PE ratio of 56.39, a P/E/G ratio of 2.04 and a beta of 1.01. Servicemaster Global has a 52 week low of $34.28 and a 52 week high of $56.50. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.24 and a quick ratio of 2.16.

Servicemaster Global (NYSE:SERV) last announced its quarterly earnings data on Tuesday, May 7th. The business services provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. The company had revenue of $482.00 million during the quarter, compared to the consensus estimate of $473.13 million. Servicemaster Global had a negative net margin of 0.41% and a positive return on equity of 14.89%. The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 EPS. On average, sell-side analysts expect that Servicemaster Global will post 1.42 earnings per share for the current fiscal year.

In other Servicemaster Global news, VP John Patrick Mullen sold 22,376 shares of Servicemaster Global stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $47.80, for a total transaction of $1,069,572.80. Following the transaction, the vice president now directly owns 14,389 shares of the company’s stock, valued at approximately $687,794.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of SERV. Atlanta Capital Management Co. L L C boosted its holdings in Servicemaster Global by 89.1% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 11,846,269 shares of the business services provider’s stock worth $435,232,000 after acquiring an additional 5,582,248 shares during the last quarter. KAMES CAPITAL plc purchased a new position in Servicemaster Global during the 4th quarter worth $63,070,000. Artisan Partners Limited Partnership boosted its holdings in Servicemaster Global by 110.3% during the 1st quarter. Artisan Partners Limited Partnership now owns 2,565,982 shares of the business services provider’s stock worth $119,831,000 after acquiring an additional 1,345,791 shares during the last quarter. Norges Bank purchased a new position in Servicemaster Global during the 4th quarter worth $44,518,000. Finally, Teacher Retirement System of Texas raised its stake in shares of Servicemaster Global by 117.4% during the 1st quarter. Teacher Retirement System of Texas now owns 641,618 shares of the business services provider’s stock worth $29,964,000 after purchasing an additional 346,465 shares during the period.

About Servicemaster Global

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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