Brokerages Set Servicemaster Global Holdings Inc (SERV) Price Target at $55.00

Shares of Servicemaster Global Holdings Inc (NYSE:SERV) have received a consensus rating of “Buy” from the fifteen ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $55.00.

Several brokerages have issued reports on SERV. Zacks Investment Research upgraded Servicemaster Global from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a report on Saturday, March 3rd. ValuEngine upgraded Servicemaster Global from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Morgan Stanley decreased their price target on Servicemaster Global from $65.00 to $62.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 28th. Nomura decreased their price target on Servicemaster Global from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. Finally, Instinet raised Servicemaster Global from a “reduce” rating to a “buy” rating in a research note on Thursday, February 15th.

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In other news, Director Naren K. Gursahaney bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were purchased at an average price of $50.20 per share, with a total value of $100,400.00. Following the purchase, the director now owns 2,976 shares in the company, valued at $149,395.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marvin Davis sold 4,743 shares of the stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $49.57, for a total value of $235,110.51. Following the transaction, the insider now directly owns 7,959 shares in the company, valued at approximately $394,527.63. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its stake in Servicemaster Global by 18.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,529 shares of the business services provider’s stock worth $177,000 after acquiring an additional 708 shares in the last quarter. BB&T Securities LLC lifted its stake in Servicemaster Global by 19.7% during the 3rd quarter. BB&T Securities LLC now owns 8,544 shares of the business services provider’s stock worth $399,000 after acquiring an additional 1,408 shares in the last quarter. Amalgamated Bank lifted its stake in Servicemaster Global by 5.8% during the 4th quarter. Amalgamated Bank now owns 26,897 shares of the business services provider’s stock worth $1,379,000 after acquiring an additional 1,474 shares in the last quarter. Gabelli Funds LLC lifted its stake in Servicemaster Global by 2.6% during the 4th quarter. Gabelli Funds LLC now owns 80,000 shares of the business services provider’s stock worth $4,102,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Servicemaster Global by 34.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,948 shares of the business services provider’s stock worth $407,000 after acquiring an additional 2,042 shares in the last quarter.

Shares of Servicemaster Global (NYSE SERV) opened at $50.37 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $6,867.53, a price-to-earnings ratio of 13.36 and a beta of 0.95. Servicemaster Global has a twelve month low of $36.34 and a twelve month high of $55.36.

Servicemaster Global (NYSE:SERV) last issued its earnings results on Tuesday, February 27th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The company had revenue of $666.00 million during the quarter, compared to analysts’ expectations of $665.27 million. Servicemaster Global had a return on equity of 33.21% and a net margin of 17.51%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.44 EPS. equities research analysts anticipate that Servicemaster Global will post 2.57 earnings per share for the current year.

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About Servicemaster Global

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.

Analyst Recommendations for Servicemaster Global (NYSE:SERV)

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