Servicemaster Global (SERV) – Research Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Servicemaster Global (NYSE: SERV):

  • 8/22/2019 – Servicemaster Global had its price target raised by analysts at Buckingham Research from $53.00 to $61.00. They now have a “neutral” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 8/9/2019 – Servicemaster Global was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “ServiceMaster Global Holdings, Inc. provides outsourcing services for residential and commercial customers. The company’s brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec. ServiceMaster. It offers lawn care and landscape maintenance, termite and pest control, home warranties, disaster response and reconstruction, cleaning and disaster restoration, house cleaning, furniture repair, and home inspection services. ServiceMaster Global Holdings, Inc. is headquartered in Memphis, Tennessee. “
  • 8/8/2019 – Servicemaster Global had its “buy” rating reaffirmed by analysts at Nomura. They now have a $62.00 price target on the stock. They wrote, “We think this outcome is better than some concerns. Total unit revenue expected to increase +4% vs. prior ~flat guidance. Lower assumed fuel ($2.15 vs. prior $2.25) drives EBIT margin view of 15-17% vs. our prior ~14% and 12-14% Guidance assumes the MAX aircraft returns to service in the middle of December.  Company is releasing restated IFRS 16 numbers for ’18 historical quarters one at a time, which creates some noise in the comparisons. Prior year non-fuel CASM is trending lower as restated, which places upward pressure on y/y reported growth rates.””
  • 8/7/2019 – Servicemaster Global had its price target raised by analysts at Morgan Stanley from $51.00 to $54.00. They now have an “equal weight” rating on the stock.
  • 7/26/2019 – Servicemaster Global was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “ServiceMaster Global Holdings, Inc. provides outsourcing services for residential and commercial customers. The company’s brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec. ServiceMaster. It offers lawn care and landscape maintenance, termite and pest control, home warranties, disaster response and reconstruction, cleaning and disaster restoration, house cleaning, furniture repair, and home inspection services. ServiceMaster Global Holdings, Inc. is headquartered in Memphis, Tennessee. “
  • 7/16/2019 – Servicemaster Global was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “ServiceMaster Global Holdings, Inc. provides outsourcing services for residential and commercial customers. The company’s brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec. ServiceMaster. It offers lawn care and landscape maintenance, termite and pest control, home warranties, disaster response and reconstruction, cleaning and disaster restoration, house cleaning, furniture repair, and home inspection services. ServiceMaster Global Holdings, Inc. is headquartered in Memphis, Tennessee. “

SERV opened at $56.63 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.59. Servicemaster Global Holdings Inc has a 52-week low of $34.28 and a 52-week high of $58.78. The company has a 50 day moving average of $54.84 and a two-hundred day moving average of $50.56. The company has a market cap of $7.72 billion, a P/E ratio of 59.61, a P/E/G ratio of 2.18 and a beta of 0.73.

Servicemaster Global (NYSE:SERV) last released its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. Servicemaster Global had a negative net margin of 2.02% and a positive return on equity of 11.17%. The company had revenue of $560.00 million during the quarter, compared to the consensus estimate of $549.25 million. During the same period in the previous year, the firm earned $0.79 earnings per share. Servicemaster Global’s revenue for the quarter was up 7.7% on a year-over-year basis. Research analysts anticipate that Servicemaster Global Holdings Inc will post 1.44 earnings per share for the current year.

In other news, Director Mark E. Tomkins sold 2,444 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $53.94, for a total transaction of $131,829.36. Following the transaction, the director now directly owns 17,398 shares of the company’s stock, valued at $938,448.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.23% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new stake in Servicemaster Global in the second quarter valued at $32,000. Quadrant Capital Group LLC acquired a new stake in Servicemaster Global in the first quarter valued at $49,000. Tobam acquired a new stake in Servicemaster Global in the second quarter valued at $49,000. Quantamental Technologies LLC acquired a new stake in Servicemaster Global in the second quarter valued at $83,000. Finally, AdvisorNet Financial Inc raised its holdings in Servicemaster Global by 84.1% in the second quarter. AdvisorNet Financial Inc now owns 1,657 shares of the business services provider’s stock valued at $86,000 after acquiring an additional 757 shares in the last quarter.

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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