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.
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