Servicemaster Global (NYSE:SERV) Raised to Buy at ValuEngine

ValuEngine upgraded shares of Servicemaster Global (NYSE:SERV) from a hold rating to a buy rating in a research note published on Wednesday, May 8th, ValuEngine reports.

SERV has been the subject of several other reports. Oppenheimer boosted their price objective on shares of Servicemaster Global from $47.00 to $55.00 and gave the stock an outperform rating in a research note on Wednesday, March 13th. Buckingham Research boosted their price objective on shares of Servicemaster Global from $48.00 to $53.00 and gave the stock a buy rating in a research note on Tuesday, March 26th. Zacks Investment Research upgraded shares of Servicemaster Global from a sell rating to a hold rating in a research note on Wednesday, February 13th. Bank of America downgraded shares of Servicemaster Global from a buy rating to an underperform rating and decreased their target price for the company from $45.00 to $36.00 in a research note on Wednesday, February 20th. Finally, Morgan Stanley set a $36.00 target price on shares of Servicemaster Global and gave the company a hold rating in a research note on Tuesday, January 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $46.89.

Shares of NYSE SERV traded up $0.19 on Wednesday, hitting $54.00. The company’s stock had a trading volume of 612,500 shares, compared to its average volume of 899,346. Servicemaster Global has a 12-month low of $34.28 and a 12-month high of $56.50. The company has a market capitalization of $7.27 billion, a PE ratio of 56.84, a price-to-earnings-growth ratio of 2.06 and a beta of 1.01. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.24 and a quick ratio of 1.13.

Servicemaster Global (NYSE:SERV) last posted its quarterly earnings data on Tuesday, May 7th. The business services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Servicemaster Global had a negative net margin of 0.41% and a positive return on equity of 14.89%. The business had revenue of $482.00 million during the quarter, compared to analyst estimates of $473.13 million. During the same quarter in the previous year, the business posted $0.44 earnings per share. The company’s revenue was up 12.6% on a year-over-year basis. On average, analysts forecast that Servicemaster Global will post 1.42 EPS for the current fiscal year.

In other Servicemaster Global news, VP John Patrick Mullen sold 22,376 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $47.80, for a total transaction of $1,069,572.80. Following the sale, the vice president now directly owns 14,389 shares of the company’s stock, valued at $687,794.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew Stevenson sold 8,556 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $54.29, for a total transaction of $464,505.24. Following the sale, the insider now directly owns 10,396 shares in the company, valued at $564,398.84. The disclosure for this sale can be found here. Insiders have sold a total of 84,124 shares of company stock worth $4,368,148 over the last quarter. 0.23% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its stake in Servicemaster Global by 19.9% during the 1st quarter. FMR LLC now owns 2,470,671 shares of the business services provider’s stock valued at $115,380,000 after buying an additional 409,942 shares during the period. Select Equity Group L.P. increased its stake in Servicemaster Global by 141.8% during the 1st quarter. Select Equity Group L.P. now owns 6,513,714 shares of the business services provider’s stock valued at $304,190,000 after buying an additional 3,820,310 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in Servicemaster Global by 21.4% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,381 shares of the business services provider’s stock valued at $205,000 after buying an additional 771 shares during the period. Morgan Stanley boosted its position in shares of Servicemaster Global by 1,927.5% during the 1st quarter. Morgan Stanley now owns 4,443,338 shares of the business services provider’s stock valued at $207,503,000 after purchasing an additional 4,224,186 shares in the last quarter. Finally, M&T Bank Corp bought a new position in shares of Servicemaster Global during the 1st quarter valued at about $290,000.

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.

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Analyst Recommendations for Servicemaster Global (NYSE:SERV)

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