Servicemaster Global (SERV) Price Target Raised to $70.00 at Nomura

Servicemaster Global (NYSE:SERV) had its price objective increased by equities research analysts at Nomura from $67.00 to $70.00 in a report released on Thursday. The firm currently has a “buy” rating on the business services provider’s stock. Nomura’s price target points to a potential upside of 19.11% from the company’s previous close.

A number of other brokerages have also weighed in on SERV. Oppenheimer set a $55.00 price objective on Servicemaster Global and gave the company a “buy” rating in a research note on Tuesday, May 1st. Buckingham Research started coverage on Servicemaster Global in a research note on Wednesday, May 9th. They set a “buy” rating and a $64.00 price objective for the company. Zacks Investment Research upgraded Servicemaster Global from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Saturday, March 3rd. Instinet upgraded Servicemaster Global from a “reduce” rating to a “buy” rating in a research note on Thursday, February 15th. Finally, Morgan Stanley raised their price objective on Servicemaster Global from $62.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $58.30.

Servicemaster Global traded up $0.18, reaching $58.77, during mid-day trading on Thursday, according to MarketBeat.com. 5,100 shares of the company’s stock traded hands, compared to its average volume of 686,295. Servicemaster Global has a 1-year low of $38.78 and a 1-year high of $59.70. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 2.16. The firm has a market cap of $7.92 billion, a PE ratio of 27.85 and a beta of 0.99.

Servicemaster Global (NYSE:SERV) last issued its quarterly earnings data on Tuesday, May 1st. The business services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Servicemaster Global had a return on equity of 29.91% and a net margin of 17.35%. The firm had revenue of $675.00 million during the quarter, compared to analyst estimates of $663.04 million. During the same quarter last year, the firm earned $0.34 EPS. Servicemaster Global’s quarterly revenue was up 5.0% on a year-over-year basis. analysts anticipate that Servicemaster Global will post 2.55 earnings per share for the current year.

In other news, SVP Susan Hunsberger sold 61,716 shares of Servicemaster Global stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $57.23, for a total value of $3,532,006.68. Following the completion of the transaction, the senior vice president now owns 44,979 shares in the company, valued at approximately $2,574,148.17. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Timothy M. Haynes sold 55,363 shares of Servicemaster Global stock in a transaction that occurred on Thursday, May 3rd. The stock was sold at an average price of $53.18, for a total value of $2,944,204.34. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Servicemaster Global in the 1st quarter worth approximately $121,000. Advisory Services Network LLC bought a new stake in shares of Servicemaster Global in the 4th quarter worth approximately $153,000. American International Group Inc. bought a new stake in shares of Servicemaster Global in the 4th quarter worth approximately $163,000. Ostrum Asset Management bought a new stake in shares of Servicemaster Global in the 1st quarter worth approximately $178,000. Finally, M&T Bank Corp bought a new stake in shares of Servicemaster Global in the 4th quarter worth approximately $214,000.

Servicemaster Global Company Profile

ServiceMaster Global Holdings, Inc provides residential and commercial services in the United States. The company operates through three segments: Terminix, American Home Shield, and the Franchise Services Group. 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.

Analyst Recommendations for Servicemaster Global (NYSE:SERV)

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