Royal Bank of Canada initiated coverage on shares of Servicemaster Global (NYSE:SERV) in a research note published on Monday, The Fly reports. The brokerage issued a sector perform rating and a $46.00 price objective on the business services provider’s stock.

A number of other analysts also recently weighed in on the stock. William Blair reaffirmed a buy rating on shares of Servicemaster Global in a report on Tuesday, September 11th. Morgan Stanley set a $61.00 price target on shares of Servicemaster Global and gave the stock a buy rating in a report on Thursday, September 13th. Zacks Investment Research downgraded shares of Servicemaster Global from a hold rating to a strong sell rating in a report on Friday, August 10th. ValuEngine raised shares of Servicemaster Global from a sell rating to a hold rating in a report on Monday, October 8th. Finally, Goldman Sachs Group began coverage on shares of Servicemaster Global in a report on Wednesday, November 14th. They set a neutral rating and a $44.00 price target for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $47.00.

Servicemaster Global stock opened at $41.33 on Monday. Servicemaster Global has a fifty-two week low of $30.90 and a fifty-two week high of $45.64. The stock has a market cap of $5.76 billion, a PE ratio of 19.59, a PEG ratio of 1.96 and a beta of 0.81. The company has a current ratio of 1.15, a quick ratio of 1.09 and a debt-to-equity ratio of 1.90.

Servicemaster Global (NYSE:SERV) last announced its earnings results on Tuesday, November 6th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.12). Servicemaster Global had a return on equity of 23.65% and a net margin of 16.61%. The business had revenue of $873.00 million for the quarter, compared to analyst estimates of $865.00 million. During the same quarter in the previous year, the company earned $0.73 EPS. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. Research analysts expect that Servicemaster Global will post 2.11 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of SERV. Iridian Asset Management LLC CT lifted its stake in Servicemaster Global by 299.4% in the 3rd quarter. Iridian Asset Management LLC CT now owns 4,552,256 shares of the business services provider’s stock valued at $282,376,000 after purchasing an additional 3,412,432 shares during the last quarter. Capital International Investors bought a new position in Servicemaster Global in the 3rd quarter valued at approximately $210,902,000. Eagle Asset Management Inc. lifted its stake in Servicemaster Global by 1,857.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 915,375 shares of the business services provider’s stock valued at $56,780,000 after purchasing an additional 868,601 shares during the last quarter. Standard Life Aberdeen plc bought a new position in Servicemaster Global in the 2nd quarter valued at approximately $49,603,000. Finally, Atlanta Capital Management Co. L L C lifted its stake in Servicemaster Global by 12.4% in the 3rd quarter. Atlanta Capital Management Co. L L C now owns 6,264,021 shares of the business services provider’s stock valued at $388,557,000 after purchasing an additional 693,233 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Servicemaster Global Company Profile

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.

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The Fly

Analyst Recommendations for Servicemaster Global (NYSE:SERV)

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