ServiceMaster Global Holdings, Inc. (SERV) Receives $48.73 Average Price Target from Brokerages
Shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) have earned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $48.73.
Several brokerages have weighed in on SERV. Zacks Investment Research upgraded ServiceMaster Global from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Wednesday, October 4th. CIBC assumed coverage on ServiceMaster Global in a research note on Wednesday, September 20th. They issued an “outperform” rating and a $55.00 price target on the stock. BidaskClub raised ServiceMaster Global from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Robert W. Baird reaffirmed a “hold” rating and issued a $52.00 price target on shares of ServiceMaster Global in a research note on Wednesday, November 1st. Finally, Morgan Stanley upped their price target on ServiceMaster Global from $49.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, September 28th.
Shares of ServiceMaster Global (SERV) traded up $0.08 during mid-day trading on Thursday, hitting $50.32. 570,711 shares of the stock traded hands, compared to its average volume of 561,222. The firm has a market cap of $6,794.66, a P/E ratio of 22.87 and a beta of 1.00. ServiceMaster Global has a one year low of $36.34 and a one year high of $50.49. The company has a current ratio of 1.03, a quick ratio of 0.99 and a debt-to-equity ratio of 3.12.
ServiceMaster Global (NYSE:SERV) last announced its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.61 by $0.12. ServiceMaster Global had a net margin of 8.16% and a return on equity of 40.22%. The company had revenue of $797.00 million during the quarter, compared to the consensus estimate of $795.41 million. During the same quarter last year, the firm posted $0.59 EPS. The company’s quarterly revenue was up 5.1% on a year-over-year basis. equities analysts expect that ServiceMaster Global will post 2.09 EPS for the current year.
In related news, insider Mary Kay Wegner sold 6,562 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $47.13, for a total transaction of $309,267.06. Following the sale, the insider now directly owns 6,562 shares of the company’s stock, valued at $309,267.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO John Patrick Mullen sold 3,646 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $46.47, for a total value of $169,429.62. Following the sale, the chief accounting officer now directly owns 3,280 shares in the company, valued at $152,421.60. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its holdings in shares of ServiceMaster Global by 18.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,529 shares of the business services provider’s stock worth $177,000 after purchasing an additional 708 shares during the period. BNP Paribas Arbitrage SA raised its position in ServiceMaster Global by 117.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,559 shares of the business services provider’s stock valued at $179,000 after purchasing an additional 2,466 shares in the last quarter. SG Americas Securities LLC raised its position in ServiceMaster Global by 112.7% during the 2nd quarter. SG Americas Securities LLC now owns 5,107 shares of the business services provider’s stock valued at $200,000 after purchasing an additional 2,706 shares in the last quarter. CIBC Asset Management Inc bought a new stake in ServiceMaster Global during the 3rd quarter valued at $206,000. Finally, Oakbrook Investments LLC bought a new stake in ServiceMaster Global during the 3rd quarter valued at $213,000.
ServiceMaster Global Company Profile
ServiceMaster Global Holdings, Inc is a provider of essential residential and commercial services. The Company operates through three segments: Terminix, American Home Shield and the Franchise Services Group. Its portfolio of brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec.
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