Brokerages Set Servicemaster Global Holdings Inc (NYSE:SERV) Target Price at $46.89

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Servicemaster Global Holdings Inc (NYSE:SERV) has received an average rating of “Hold” from the thirteen analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $46.89.

A number of analysts have weighed in on the stock. Morgan Stanley restated an “overweight” rating and issued a GBX 2,280 ($29.79) target price on shares of Anglo American in a research report on Wednesday, May 8th. Buckingham Research set a $19.00 target price on shares of Adient and gave the company a “sell” rating in a research report on Wednesday, May 8th. Finally, ValuEngine lowered shares of Valero Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th.

In other news, Director Mark E. Tomkins sold 2,444 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $53.94, for a total transaction of $131,829.36. Following the completion of the transaction, the director now owns 17,398 shares of the company’s stock, valued at $938,448.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mary Kay Wegner sold 53,192 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $53.28, for a total transaction of $2,834,069.76. Following the transaction, the insider now directly owns 23,864 shares of the company’s stock, valued at approximately $1,271,473.92. The disclosure for this sale can be found here. Insiders have sold 64,192 shares of company stock valued at $3,430,404 in the last ninety days. Insiders own 0.23% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dudley & Shanley Inc. boosted its holdings in Servicemaster Global by 1.3% during the second quarter. Dudley & Shanley Inc. now owns 625,427 shares of the business services provider’s stock worth $32,578,000 after purchasing an additional 8,034 shares during the last quarter. Sepio Capital LLC boosted its holdings in Servicemaster Global by 10.5% during the first quarter. Sepio Capital LLC now owns 40,450 shares of the business services provider’s stock worth $1,889,000 after purchasing an additional 3,836 shares during the last quarter. First Trust Advisors LP boosted its holdings in Servicemaster Global by 112.3% during the first quarter. First Trust Advisors LP now owns 101,414 shares of the business services provider’s stock worth $4,736,000 after purchasing an additional 53,645 shares during the last quarter. FMR LLC boosted its holdings in Servicemaster Global by 19.9% during the first quarter. FMR LLC now owns 2,470,671 shares of the business services provider’s stock worth $115,380,000 after purchasing an additional 409,942 shares during the last quarter. Finally, Fort L.P. boosted its holdings in Servicemaster Global by 51.4% during the first quarter. Fort L.P. now owns 53,638 shares of the business services provider’s stock worth $2,505,000 after purchasing an additional 18,207 shares during the last quarter.

Shares of NYSE SERV traded up $0.42 during trading hours on Friday, hitting $53.05. 25,495 shares of the stock were exchanged, compared to its average volume of 730,889. The company has a current ratio of 1.24, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market cap of $7.17 billion, a P/E ratio of 55.82, a PEG ratio of 2.05 and a beta of 0.75. The firm has a fifty day moving average of $53.27. Servicemaster Global has a 1-year low of $34.28 and a 1-year high of $56.50.

Servicemaster Global (NYSE:SERV) last issued its earnings results on Tuesday, May 7th. The business services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Servicemaster Global had a negative net margin of 0.41% and a positive return on equity of 14.89%. The firm had revenue of $482.00 million for the quarter, compared to analyst estimates of $473.13 million. During the same quarter last year, the business posted $0.44 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Equities analysts anticipate that Servicemaster Global will post 1.41 earnings per share for the current fiscal year.

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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