Servicemaster Global (NYSE:SERV) had its price target cut by Royal Bank of Canada to $54.00 in a research note issued to investors on Wednesday, November 6th, The Fly reports. They currently have an outperform rating on the business services provider’s stock.
Other analysts have also recently issued reports about the company. Zacks Investment Research cut Servicemaster Global from a strong-buy rating to a hold rating in a report on Friday, October 25th. Morgan Stanley boosted their price objective on Servicemaster Global from $54.00 to $57.00 and gave the stock an equal weight rating in a report on Thursday, October 10th. Nomura reissued a buy rating and set a $62.00 price objective on shares of Servicemaster Global in a report on Thursday, August 8th. ValuEngine raised Servicemaster Global from a hold rating to a buy rating in a report on Tuesday, October 22nd. Finally, Buckingham Research reaffirmed a neutral rating and issued a $45.00 price target (down from $61.00) on shares of Servicemaster Global in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $52.50.
Shares of NYSE:SERV opened at $39.19 on Wednesday. The company’s fifty day moving average is $42.85 and its 200-day moving average is $51.69. The company has a market capitalization of $5.39 billion, a PE ratio of 29.91, a P/E/G ratio of 1.77 and a beta of 0.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.84 and a current ratio of 0.93. Servicemaster Global has a 52 week low of $33.53 and a 52 week high of $58.78.
Servicemaster Global (NYSE:SERV) last issued its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.31. The business had revenue of $528.00 million for the quarter, compared to the consensus estimate of $528.05 million. Servicemaster Global had a negative net margin of 4.64% and a positive return on equity of 7.91%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. On average, analysts forecast that Servicemaster Global will post 1.33 EPS for the current year.
In related news, Director Steven B. Hochhauser acquired 2,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was bought at an average price of $35.01 per share, with a total value of $70,020.00. Following the acquisition, the director now owns 7,723 shares in the company, valued at approximately $270,382.23. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.23% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Select Equity Group L.P. increased its position in Servicemaster Global by 4.8% during the 3rd quarter. Select Equity Group L.P. now owns 8,731,036 shares of the business services provider’s stock worth $488,065,000 after buying an additional 400,762 shares during the period. BlackRock Inc. increased its position in Servicemaster Global by 18.3% during the 2nd quarter. BlackRock Inc. now owns 6,928,643 shares of the business services provider’s stock worth $360,913,000 after buying an additional 1,071,317 shares during the period. Morgan Stanley increased its position in Servicemaster Global by 17.9% during the 2nd quarter. Morgan Stanley now owns 5,238,989 shares of the business services provider’s stock worth $272,899,000 after buying an additional 795,651 shares during the period. State Street Corp increased its position in Servicemaster Global by 0.3% during the 3rd quarter. State Street Corp now owns 1,704,289 shares of the business services provider’s stock worth $95,270,000 after buying an additional 4,803 shares during the period. Finally, Pictet Asset Management Ltd. increased its position in Servicemaster Global by 17.6% during the 2nd quarter. Pictet Asset Management Ltd. now owns 1,134,976 shares of the business services provider’s stock worth $59,121,000 after buying an additional 169,670 shares during the period.
About Servicemaster Global
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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