Servicemaster Global (NYSE:SERV) Price Target Cut to $43.00

Servicemaster Global (NYSE:SERV) had its target price lowered by equities research analysts at Morgan Stanley from $46.00 to $43.00 in a research note issued to investors on Tuesday, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s price objective points to a potential upside of 9.25% from the company’s previous close.

Other equities analysts have also issued reports about the company. Jefferies Financial Group initiated coverage on Servicemaster Global in a research report on Wednesday, November 27th. They set a “buy” rating and a $43.00 target price on the stock. Zacks Investment Research downgraded shares of Servicemaster Global from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Royal Bank of Canada decreased their price target on shares of Servicemaster Global to $54.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. ValuEngine upgraded shares of Servicemaster Global from a “hold” rating to a “buy” rating in a report on Saturday, November 23rd. Finally, Nomura reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Servicemaster Global in a research note on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $50.75.

Shares of Servicemaster Global stock opened at $39.36 on Tuesday. Servicemaster Global has a one year low of $33.53 and a one year high of $58.78. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of 41.43, a PEG ratio of 1.75 and a beta of 0.46. The business has a 50-day simple moving average of $41.78 and a 200 day simple moving average of $51.48. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.84.

Servicemaster Global (NYSE:SERV) last posted its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.31. Servicemaster Global had a positive return on equity of 7.91% and a negative net margin of 4.64%. The business had revenue of $528.00 million for the quarter, compared to the consensus estimate of $528.05 million. During the same period in the prior year, the business earned $0.24 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, sell-side analysts expect 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 stock in a transaction dated Monday, November 11th. The stock was purchased at an average cost of $35.01 per share, with a total value of $70,020.00. Following the completion of the purchase, the director now directly owns 7,723 shares in the company, valued at approximately $270,382.23. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.23% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. First Trust Advisors LP lifted its stake in Servicemaster Global by 112.3% during the 1st quarter. First Trust Advisors LP now owns 101,414 shares of the business services provider’s stock valued at $4,736,000 after acquiring an additional 53,645 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of Servicemaster Global in the second quarter valued at about $104,000. Virginia Retirement Systems ET AL raised its holdings in shares of Servicemaster Global by 19.3% in the second quarter. Virginia Retirement Systems ET AL now owns 13,600 shares of the business services provider’s stock valued at $708,000 after purchasing an additional 2,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Servicemaster Global by 9.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,328 shares of the business services provider’s stock valued at $434,000 after purchasing an additional 716 shares during the last quarter. Finally, Aperio Group LLC lifted its position in shares of Servicemaster Global by 9.0% during the second quarter. Aperio Group LLC now owns 13,885 shares of the business services provider’s stock valued at $724,000 after purchasing an additional 1,146 shares in the last quarter.

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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Analyst Recommendations for Servicemaster Global (NYSE:SERV)

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