Servicemaster Global (NYSE:SERV) PT Lowered to $54.00

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Servicemaster Global (NYSE:SERV) had its target price reduced by research analysts at Royal Bank of Canada to $54.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The firm currently has an “outperform” rating on the business services provider’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 54.20% from the company’s previous close.

Several other analysts have also recently commented on SERV. Buckingham Research reissued a “neutral” rating and set a $45.00 price target (down from $61.00) on shares of Servicemaster Global in a research note on Friday, October 25th. Bank of America decreased their price target on shares of Servicemaster Global from $50.00 to $42.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 23rd. Zacks Investment Research lowered shares of Servicemaster Global from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. ValuEngine upgraded shares of Servicemaster Global from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. Finally, Nomura restated a “buy” rating and issued a $62.00 price objective on shares of Servicemaster Global in a report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Servicemaster Global has an average rating of “Hold” and a consensus target price of $52.63.

Shares of SERV traded down $1.63 during mid-day trading on Wednesday, hitting $35.02. 2,745,402 shares of the company traded hands, compared to its average volume of 904,497. Servicemaster Global has a one year low of $34.28 and a one year high of $58.78. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average of $50.46 and a 200 day moving average of $53.04. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 36.86, a PEG ratio of 1.64 and a beta of 0.50.

Servicemaster Global (NYSE:SERV) last released its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.31 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. Servicemaster Global had a negative net margin of 4.64% and a positive return on equity of 7.97%. The business had revenue of $528.00 million for the quarter, compared to analysts’ expectations of $528.05 million. During the same period in the prior year, the firm earned $0.24 earnings per share. Servicemaster Global’s revenue was up 6.5% compared to the same quarter last year. As a group, analysts anticipate that Servicemaster Global will post 1.33 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Servicemaster Global by 18.3% in the second quarter. BlackRock Inc. now owns 6,928,643 shares of the business services provider’s stock valued at $360,913,000 after buying an additional 1,071,317 shares during the period. Morgan Stanley raised its holdings in Servicemaster Global by 17.9% in the second quarter. Morgan Stanley now owns 5,238,989 shares of the business services provider’s stock worth $272,899,000 after purchasing an additional 795,651 shares during the period. Pictet Asset Management Ltd. raised its holdings in Servicemaster Global by 17.6% in the second quarter. Pictet Asset Management Ltd. now owns 1,134,976 shares of the business services provider’s stock worth $59,121,000 after purchasing an additional 169,670 shares during the period. Eagle Asset Management Inc. raised its holdings in Servicemaster Global by 4.4% in the second quarter. Eagle Asset Management Inc. now owns 1,133,206 shares of the business services provider’s stock worth $59,028,000 after purchasing an additional 48,121 shares during the period. Finally, Carillon Tower Advisers Inc. raised its holdings in Servicemaster Global by 6.7% in the second quarter. Carillon Tower Advisers Inc. now owns 872,648 shares of the business services provider’s stock worth $45,456,000 after purchasing an additional 54,878 shares during the period.

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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