ServiceMaster Global Holdings Inc. (SERV) Given a $45.00 Price Target at Morgan Stanley
ServiceMaster Global Holdings Inc. (NYSE:SERV) received a $45.00 target price from investment analysts at Morgan Stanley in a report issued on Wednesday. The brokerage currently has a a “buy” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 31.43% from the stock’s previous close.
Several other research firms have also weighed in on SERV. Piper Jaffray Cos. reiterated an “overweight” rating and set a $47.00 price objective (down previously from $49.00) on shares of ServiceMaster Global Holdings in a research note on Tuesday, June 14th. Nomura lowered shares of ServiceMaster Global Holdings from a “neutral” rating to a “reduce” rating and dropped their price target for the company from $36.00 to $31.00 in a research note on Monday. Zacks Investment Research upgraded shares of 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. Finally, TheStreet lowered shares of ServiceMaster Global Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. ServiceMaster Global Holdings presently has a consensus rating of “Hold” and an average price target of $42.86.
Shares of ServiceMaster Global Holdings (NYSE:SERV) traded down 1.11% on Wednesday, hitting $33.86. The company had a trading volume of 1,062,358 shares. The company has a 50-day moving average of $37.05 and a 200 day moving average of $37.88. ServiceMaster Global Holdings has a 12 month low of $32.10 and a 12 month high of $42.21. The stock has a market cap of $4.59 billion, a PE ratio of 38.35 and a beta of 1.09.
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ServiceMaster Global Holdings (NYSE:SERV) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.01. The firm had revenue of $747 million for the quarter, compared to analyst estimates of $767.40 million. ServiceMaster Global Holdings had a net margin of 4.55% and a return on equity of 46.00%. ServiceMaster Global Holdings’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. Analysts anticipate that ServiceMaster Global Holdings will post $2.06 EPS for the current fiscal year.
In related news, SVP James T. Lucke sold 5,199 shares of the firm’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 transaction of $197,562.00. Following the completion of the sale, the senior vice president now directly owns 5,000 shares in the company, valued at $190,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP James T. Lucke sold 10,801 shares of the firm’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 transaction of $406,981.68. Following the sale, the senior vice president now owns 10,199 shares of the company’s stock, valued at $384,298.32. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of ServiceMaster Global Holdings during the fourth quarter worth $13,172,000. Glenmede Trust Co. NA boosted its stake in shares of ServiceMaster Global Holdings by 35.4% in the first quarter. Glenmede Trust Co. NA now owns 541,384 shares of the company’s stock worth $20,398,000 after buying an additional 141,482 shares during the last quarter. Three Peaks Capital Management LLC boosted its stake in shares of ServiceMaster Global Holdings by 9.8% in the first quarter. Three Peaks Capital Management LLC now owns 307,812 shares of the company’s stock worth $11,598,000 after buying an additional 27,494 shares during the last quarter. Manchester Capital Management LLC acquired a new stake in shares of ServiceMaster Global Holdings during the first quarter worth $122,000. Finally, Apertura Capital LLC acquired a new stake in shares of ServiceMaster Global Holdings during the first quarter worth $3,014,000.
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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