Research analysts at Jefferies Financial Group initiated coverage on shares of Servicemaster Global (NYSE:SERV) in a report issued on Thursday, Briefing.com Automated Import reports. The brokerage set a “buy” rating on the business services provider’s stock.
A number of other analysts also recently issued reports on SERV. Bank of America lowered their target price on Servicemaster Global from $50.00 to $42.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 23rd. ValuEngine downgraded Servicemaster Global from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. TheStreet downgraded Servicemaster Global from a “b+” rating to a “c” rating in a research report on Friday, November 15th. Morgan Stanley lifted their target price on Servicemaster Global from $54.00 to $57.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Finally, Royal Bank of Canada lowered their target price on Servicemaster Global to $54.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.86.
Shares of NYSE:SERV traded down $0.42 during midday trading on Thursday, reaching $36.16. The company had a trading volume of 2,251,900 shares, compared to its average volume of 1,018,132. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average price is $45.87 and its 200 day moving average price is $52.27. The stock has a market cap of $4.94 billion, a PE ratio of 38.06, a P/E/G ratio of 1.55 and a beta of 0.50. Servicemaster Global has a 1-year low of $33.53 and a 1-year high of $58.78.
Servicemaster Global (NYSE:SERV) last released its earnings results on Tuesday, November 5th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31. The business had revenue of $528.00 million for the quarter, compared to the consensus estimate of $528.05 million. Servicemaster Global had a positive return on equity of 7.91% and a negative net margin of 4.64%. Servicemaster Global’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 earnings per share. On average, research analysts expect that Servicemaster Global will post 1.33 earnings per share for the current fiscal year.
In other Servicemaster Global news, Director Steven B. Hochhauser purchased 2,000 shares of Servicemaster Global stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average price of $35.01 per share, for a total transaction of $70,020.00. Following the completion of the acquisition, the director now owns 7,723 shares of the company’s stock, valued at approximately $270,382.23. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.23% of the company’s stock.
A number of institutional investors have recently bought and sold shares of SERV. Cullen Frost Bankers Inc. bought a new position in Servicemaster Global during the second quarter worth about $32,000. Tobam bought a new position in Servicemaster Global during the second quarter worth about $49,000. Tower Research Capital LLC TRC grew its holdings in Servicemaster Global by 2,014.0% during the third quarter. Tower Research Capital LLC TRC now owns 1,205 shares of the business services provider’s stock worth $67,000 after purchasing an additional 1,148 shares during the period. Quantamental Technologies LLC bought a new position in Servicemaster Global during the second quarter worth about $83,000. Finally, Harvest Fund Management Co. Ltd grew its holdings in Servicemaster Global by 63.2% during the second quarter. Harvest Fund Management Co. Ltd now owns 1,843 shares of the business services provider’s stock worth $96,000 after purchasing an additional 714 shares during the period.
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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