Servicemaster Global Holdings Inc (NYSE:SERV) Given Average Recommendation of “Hold” by Analysts

Servicemaster Global Holdings Inc (NYSE:SERV) has been given an average recommendation of “Hold” by the nine ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $55.00.

SERV has been the subject of a number of recent research reports. Buckingham Research boosted their price objective on shares of Servicemaster Global from $53.00 to $61.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Servicemaster Global from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Wednesday, September 18th. Morgan Stanley boosted their price objective on shares of Servicemaster Global from $54.00 to $57.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. ValuEngine downgraded shares of Servicemaster Global from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada raised shares of Servicemaster Global from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $55.00 to $63.00 in a research report on Tuesday, October 8th.

Shares of SERV traded up $0.33 during midday trading on Friday, hitting $55.48. The company had a trading volume of 1,788,339 shares, compared to its average volume of 500,779. The company’s 50 day moving average price is $56.08 and its 200 day moving average price is $53.55. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 58.40, a PEG ratio of 2.05 and a beta of 0.54. Servicemaster Global has a 52 week low of $34.28 and a 52 week high of $58.78. 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 (NYSE:SERV) last announced its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $560.00 million during the quarter, compared to the consensus estimate of $549.25 million. During the same quarter in the prior year, the firm earned $0.79 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities analysts anticipate that Servicemaster Global will post 1.47 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Cullen Frost Bankers Inc. acquired a new position in Servicemaster Global during the 2nd quarter valued at about $32,000. Tobam acquired a new position in Servicemaster Global during the 2nd quarter valued at about $49,000. Quantamental Technologies LLC acquired a new position in Servicemaster Global during the 2nd quarter valued at about $83,000. AdvisorNet Financial Inc boosted its stake in Servicemaster Global by 84.1% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,657 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 757 shares during the period. Finally, Toronto Dominion Bank acquired a new position in Servicemaster Global during the 2nd quarter valued at about $99,000.

Servicemaster Global Company Profile

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.

Read More: What is a dead cat bounce?

Analyst Recommendations for Servicemaster Global (NYSE:SERV)

Receive News & Ratings for Servicemaster Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Servicemaster Global and related companies with MarketBeat.com's FREE daily email newsletter.