Servicemaster Global (NYSE:SERV) PT Raised to $57.00 at Morgan Stanley

Servicemaster Global (NYSE:SERV) had its price objective increased by equities researchers at Morgan Stanley from $54.00 to $57.00 in a research note issued on Thursday, AnalystRatings.com reports. The firm presently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 0.18% from the stock’s current price.

Several other equities analysts have also issued reports on SERV. Royal Bank of Canada upgraded shares of Servicemaster Global from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $55.00 to $63.00 in a report on Tuesday. Nomura reiterated a “buy” rating and set a $62.00 price objective on shares of Servicemaster Global in a report on Thursday, August 8th. ValuEngine lowered shares of Servicemaster Global from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Servicemaster Global from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Wednesday, September 18th. Finally, Buckingham Research upped their price objective on shares of Servicemaster Global from $53.00 to $61.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Servicemaster Global currently has an average rating of “Hold” and a consensus target price of $55.00.

Shares of NYSE:SERV opened at $56.90 on Thursday. The firm has a market cap of $7.62 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 2.09 and a beta of 0.54. The firm’s fifty day moving average is $56.21 and its 200-day moving average is $53.22. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.09 and a current ratio of 1.17. Servicemaster Global has a 52 week low of $34.28 and a 52 week high of $58.78.

Servicemaster Global (NYSE:SERV) last released its earnings results on Tuesday, August 6th. The business services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. The business had revenue of $560.00 million for the quarter, compared to analyst estimates of $549.25 million. Servicemaster Global had a negative net margin of 2.02% and a positive return on equity of 11.17%. Servicemaster Global’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 earnings per share. Sell-side analysts forecast that Servicemaster Global will post 1.47 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in SERV. BlackRock Inc. grew its position in Servicemaster Global by 18.3% in the 2nd quarter. BlackRock Inc. now owns 6,928,643 shares of the business services provider’s stock worth $360,913,000 after purchasing an additional 1,071,317 shares in the last quarter. Morgan Stanley grew its position in Servicemaster Global by 17.9% in the 2nd quarter. Morgan Stanley now owns 5,238,989 shares of the business services provider’s stock worth $272,899,000 after purchasing an additional 795,651 shares in the last quarter. FMR LLC grew its position in Servicemaster Global by 19.9% in the 1st quarter. FMR LLC now owns 2,470,671 shares of the business services provider’s stock worth $115,380,000 after purchasing an additional 409,942 shares in the last quarter. Pictet Asset Management Ltd. grew its position in Servicemaster Global by 17.6% in the 2nd quarter. Pictet Asset Management Ltd. now owns 1,134,976 shares of the business services provider’s stock worth $59,121,000 after purchasing an additional 169,670 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its position in Servicemaster Global by 4.4% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,133,206 shares of the business services provider’s stock worth $59,028,000 after purchasing an additional 48,121 shares in the last quarter.

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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