Morgan Stanley Analysts Give ServiceMaster Global Holdings Inc. (SERV) a $45.00 Price Target
ServiceMaster Global Holdings Inc. (NYSE:SERV) has been given a $45.00 target price by equities research analysts at Morgan Stanley in a note issued to investors on Wednesday. The brokerage presently has a a “buy” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 31.43% from the company’s previous close.
A number of other research analysts also recently weighed in on SERV. Zacks Investment Research raised ServiceMaster Global Holdings from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Wednesday, July 13th. Piper Jaffray Cos. reissued an “overweight” rating and set a $47.00 price objective (down from $49.00) on shares of ServiceMaster Global Holdings in a report on Tuesday, June 14th. TheStreet raised ServiceMaster Global Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, June 28th. Finally, Nomura decreased their price objective on ServiceMaster Global Holdings from $38.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $42.86.
ServiceMaster Global Holdings (NYSE:SERV) traded down 0.88% during mid-day trading on Wednesday, reaching $33.94. The company had a trading volume of 1,415,712 shares. ServiceMaster Global Holdings has a one year low of $32.10 and a one year high of $42.21. The stock has a market capitalization of $4.60 billion, a PE ratio of 38.44 and a beta of 1.09. The company’s 50-day moving average is $37.05 and its 200-day moving average is $37.88.
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ServiceMaster Global Holdings (NYSE:SERV) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. ServiceMaster Global Holdings had a return on equity of 46.00% and a net margin of 4.55%. The business had revenue of $747 million for the quarter, compared to the consensus estimate of $767.40 million. During the same period in the prior year, the business earned $0.60 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts anticipate that ServiceMaster Global Holdings will post $2.06 earnings per share for the current year.
In other news, SVP James T. Lucke sold 10,801 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $37.68, for a total value of $406,981.68. Following the completion of the transaction, the senior vice president now directly owns 10,199 shares of the company’s stock, valued at $384,298.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP James T. Lucke sold 5,199 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $38.00, for a total value of $197,562.00. Following the completion of the transaction, the senior vice president now directly owns 5,000 shares of the company’s stock, valued at $190,000. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Checchi Capital Advisers LLC raised its position in ServiceMaster Global Holdings by 5,105.1% in the second quarter. Checchi Capital Advisers LLC now owns 3,071 shares of the company’s stock valued at $122,000 after buying an additional 3,012 shares in the last quarter. First Manhattan Co. purchased a new position in shares of ServiceMaster Global Holdings during the second quarter valued at $125,000. Manchester Capital Management LLC purchased a new position in shares of ServiceMaster Global Holdings during the first quarter valued at $122,000. American International Group Inc. raised its position in shares of ServiceMaster Global Holdings by 16.6% in the second quarter. American International Group Inc. now owns 3,342 shares of the company’s stock valued at $133,000 after buying an additional 475 shares during the period. Finally, BlackRock Japan Co. Ltd raised its position in shares of ServiceMaster Global Holdings by 4.1% in the first quarter. BlackRock Japan Co. Ltd now owns 5,384 shares of the company’s stock valued at $203,000 after buying an additional 212 shares during the period.
About ServiceMaster Global Holdings
ServiceMaster Global Holdings, Inc is a holding company. The Company is a provider of essential residential and commercial services. Its services include termite and pest control, home warranties, disaster restoration, janitorial, residential cleaning, furniture repair and home inspection. The Company operates through three segments: Terminix, American Home Shield and the Franchise Services Group.
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