ServiceMaster Global Holdings, Inc. (SERV) Rating Reiterated by Morgan Stanley

ServiceMaster Global Holdings, Inc. (NYSE:SERV)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Morgan Stanley in a research note issued on Friday. They presently have a $48.00 price target on the business services provider’s stock. Morgan Stanley’s target price suggests a potential upside of 21.73% from the company’s current price.

SERV has been the topic of several other reports. Zacks Investment Research raised ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, April 13th. Piper Jaffray Companies reiterated an “overweight” rating and set a $49.00 price target on shares of ServiceMaster Global Holdings in a research note on Thursday, April 6th. J P Morgan Chase & Co assumed coverage on ServiceMaster Global Holdings in a research note on Thursday, April 20th. They set an “overweight” rating and a $49.00 price target on the stock. Finally, Instinet boosted their price target on ServiceMaster Global Holdings from $30.00 to $32.00 and gave the company a “reduce” rating in a research note on Thursday, May 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. ServiceMaster Global Holdings has an average rating of “Hold” and a consensus target price of $42.43.

ServiceMaster Global Holdings (NYSE:SERV) traded down 0.51% during midday trading on Friday, hitting $39.23. The company had a trading volume of 23,226 shares. The stock has a 50 day moving average price of $38.16 and a 200-day moving average price of $38.82. ServiceMaster Global Holdings has a 52 week low of $32.41 and a 52 week high of $42.45. The stock has a market capitalization of $5.26 billion, a PE ratio of 34.72 and a beta of 1.02.

ServiceMaster Global Holdings (NYSE:SERV) last announced its earnings results on Thursday, April 27th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.04. ServiceMaster Global Holdings had a net margin of 5.61% and a return on equity of 43.03%. The business had revenue of $643 million for the quarter, compared to analyst estimates of $638.52 million. During the same period in the prior year, the company earned $0.34 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. On average, equities analysts predict that ServiceMaster Global Holdings will post $2.13 EPS for the current year.

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Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in ServiceMaster Global Holdings during the first quarter valued at $100,000. FNY Partners Fund LP bought a new stake in shares of ServiceMaster Global Holdings during the first quarter worth approximately $104,000. Russell Investments Group Ltd. bought a new stake in shares of ServiceMaster Global Holdings during the fourth quarter worth approximately $169,000. Cannell Capital LLC bought a new stake in shares of ServiceMaster Global Holdings during the first quarter worth approximately $179,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of ServiceMaster Global Holdings during the first quarter worth approximately $203,000.

About ServiceMaster Global Holdings

ServiceMaster Global Holdings, Inc is a provider of essential residential and commercial services. The Company operates through three segments: Terminix, American Home Shield and the Franchise Services Group. Its portfolio of brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec.

Analyst Recommendations for ServiceMaster Global Holdings (NYSE:SERV)

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