Royal Bank of Canada upgraded shares of Servicemaster Global (NYSE:SERV) from a sector perform rating to an outperform rating in a research report sent to investors on Tuesday morning, BenzingaRatingsTable reports. Royal Bank of Canada currently has $63.00 price objective on the business services provider’s stock, up from their previous price objective of $55.00.
SERV has been the topic of a number of other research reports. Zacks Investment Research raised shares of Servicemaster Global from a hold rating to a buy rating and set a $62.00 target price on the stock in a research note on Wednesday, September 18th. ValuEngine downgraded shares of Servicemaster Global from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Morgan Stanley raised their target price on shares of Servicemaster Global from $51.00 to $54.00 and gave the company an equal weight rating in a research note on Wednesday, August 7th. Buckingham Research raised their target price on shares of Servicemaster Global from $53.00 to $61.00 and gave the company a neutral rating in a research note on Thursday, August 22nd. They noted that the move was a valuation call. Finally, Nomura reissued a buy rating and issued a $62.00 target price on shares of Servicemaster Global in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $55.00.
Shares of SERV stock opened at $56.90 on Tuesday. The company’s fifty day simple moving average is $56.21 and its 200-day simple moving average is $53.22. Servicemaster Global has a 52 week low of $34.28 and a 52 week high of $58.78. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.59. The company has a market cap of $7.62 billion, a PE ratio of 33.20, a P/E/G ratio of 2.09 and a beta of 0.54.
Servicemaster Global (NYSE:SERV) last issued its earnings results on Tuesday, August 6th. The business services provider reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.03. Servicemaster Global had a negative net margin of 2.02% and a positive return on equity of 11.17%. The business had revenue of $560.00 million for the quarter, compared to the consensus estimate of $549.25 million. During the same quarter last year, the firm posted $0.79 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities research analysts expect that Servicemaster Global will post 1.47 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Cerebellum GP LLC increased its stake in Servicemaster Global by 17.0% during the 3rd quarter. Cerebellum GP LLC now owns 8,002 shares of the business services provider’s stock worth $447,000 after buying an additional 1,162 shares during the period. Macquarie Group Ltd. increased its stake in Servicemaster Global by 308.9% during the 2nd quarter. Macquarie Group Ltd. now owns 58,063 shares of the business services provider’s stock worth $3,025,000 after buying an additional 43,864 shares during the period. Toronto Dominion Bank purchased a new stake in Servicemaster Global during the 2nd quarter worth $99,000. Atria Investments LLC purchased a new stake in Servicemaster Global during the 2nd quarter worth $365,000. Finally, Treasurer of the State of North Carolina increased its stake in Servicemaster Global by 40.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 88,400 shares of the business services provider’s stock worth $4,605,000 after buying an additional 25,250 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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