Servicemaster Global (NYSE:SERV) had its target price hoisted by analysts at Oppenheimer from $47.00 to $55.00 in a research note issued on Wednesday, The Fly reports. The firm currently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price target indicates a potential upside of 15.23% from the stock’s current price.
Several other research analysts have also issued reports on SERV. Zacks Investment Research upgraded shares of Servicemaster Global from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Goldman Sachs Group began coverage on shares of Servicemaster Global in a report on Wednesday, November 14th. They set a “neutral” rating and a $44.00 price target for the company. Royal Bank of Canada began coverage on shares of Servicemaster Global in a report on Monday, November 19th. They set a “sector perform” rating and a $46.00 price target for the company. Morgan Stanley set a $36.00 price target on shares of Servicemaster Global and gave the stock a “hold” rating in a report on Tuesday, January 8th. Finally, Bank of America lowered shares of Servicemaster Global from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $45.00 to $36.00 in a report on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $45.22.
Shares of NYSE SERV opened at $47.73 on Wednesday. The company has a market capitalization of $6.54 billion, a P/E ratio of 50.24, a price-to-earnings-growth ratio of 1.85 and a beta of 1.01. Servicemaster Global has a 1 year low of $33.17 and a 1 year high of $49.59. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.26 and a quick ratio of 2.16.
Servicemaster Global (NYSE:SERV) last released its quarterly earnings results on Tuesday, February 26th. The business services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). Servicemaster Global had a positive return on equity of 18.28% and a negative net margin of 1.42%. The firm had revenue of $457.00 million for the quarter, compared to the consensus estimate of $446.35 million. During the same quarter in the previous year, the business posted $0.35 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. Analysts forecast that Servicemaster Global will post 1.43 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. AdvisorNet Financial Inc acquired a new stake in shares of Servicemaster Global during the 4th quarter worth approximately $33,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Servicemaster Global during the 3rd quarter worth approximately $205,000. Pzena Investment Management LLC acquired a new stake in shares of Servicemaster Global during the 4th quarter worth approximately $208,000. Patten Group Inc. grew its position in shares of Servicemaster Global by 7,037.5% during the 4th quarter. Patten Group Inc. now owns 5,710 shares of the business services provider’s stock worth $210,000 after buying an additional 5,630 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Servicemaster Global in the 4th quarter valued at $238,000.
About Servicemaster Global
ServiceMaster Global Holdings, Inc provides termite and pest control, cleaning, and restoration services in residential and commercial markets in the United States. The company operates through, Terminix and the Franchise Services Group segments. 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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