Oppenheimer set a $47.00 price target on Servicemaster Global (NYSE:SERV) in a research report report published on Tuesday, February 26th. The brokerage currently has a buy rating on the business services provider’s stock. Oppenheimer also issued estimates for Servicemaster Global’s Q1 2019 earnings at $0.37 EPS, Q2 2019 earnings at $0.49 EPS, Q3 2019 earnings at $0.33 EPS, Q4 2019 earnings at $0.26 EPS and FY2020 earnings at $1.55 EPS.
A number of other equities analysts have also commented on SERV. Zacks Investment Research raised Servicemaster Global from a sell rating to a hold rating in a research note on Wednesday, February 13th. Morgan Stanley set a $39.00 price target on Servicemaster Global and gave the company a hold rating in a research note on Wednesday, November 7th. Goldman Sachs Group began coverage on Servicemaster Global in a research note on Wednesday, November 14th. They issued a neutral rating and a $44.00 price target on the stock. Royal Bank of Canada began coverage on Servicemaster Global in a research report on Monday, November 19th. They set a sector perform rating and a $46.00 target price on the stock. Finally, Bank of America lowered Servicemaster Global from a buy rating to an underperform rating and lowered their target price for the stock from $45.00 to $36.00 in a research report on Wednesday, February 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Servicemaster Global currently has a consensus rating of Hold and a consensus target price of $45.22.
Shares of NYSE SERV traded down $0.64 during mid-day trading on Tuesday, reaching $47.73. The company had a trading volume of 734,115 shares, compared to its average volume of 1,170,673. Servicemaster Global has a one year low of $33.17 and a one year high of $49.59. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.16 and a current ratio of 2.26. The stock has a market capitalization of $6.54 billion, a P/E ratio of 50.24, a PEG ratio of 1.85 and a beta of 1.01.
Servicemaster Global (NYSE:SERV) last released its quarterly earnings results on Tuesday, February 26th. The business services provider reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). The firm had revenue of $457.00 million for the quarter, compared to the consensus estimate of $446.35 million. Servicemaster Global had a positive return on equity of 18.28% and a negative net margin of 1.42%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share. Equities research analysts forecast that Servicemaster Global will post 1.43 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Atlanta Capital Management Co. L L C lifted its holdings in Servicemaster Global by 89.1% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 11,846,269 shares of the business services provider’s stock worth $435,232,000 after purchasing an additional 5,582,248 shares in the last quarter. Iridian Asset Management LLC CT lifted its holdings in Servicemaster Global by 299.4% during the 3rd quarter. Iridian Asset Management LLC CT now owns 4,552,256 shares of the business services provider’s stock worth $282,376,000 after purchasing an additional 3,412,432 shares in the last quarter. Capital International Investors purchased a new stake in Servicemaster Global during the 3rd quarter worth about $210,902,000. KAMES CAPITAL plc purchased a new stake in Servicemaster Global during the 4th quarter worth about $63,070,000. Finally, Norges Bank purchased a new stake in Servicemaster Global during the 4th quarter worth about $44,518,000.
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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