ServiceMaster Global (NYSE:SERV) Share Price May Be About to Change Direction; Morgan Stanley Downgrades Them

October 2, 2018 - By Marguerite Chambers

ServiceMaster Global Holdings, Inc. (NYSE:SERV) Logo

ServiceMaster Global (NYSE:SERV) Receives a Downgrade

Shares of New York-listed ServiceMaster Global (NYSE:SERV) Have been downgraded by investment analysts at Morgan Stanley. Morgan Stanley downgraded their rating for the $5.52B market cap company to a “Equal-Weight” from their previous “Overweight” rating.

ServiceMaster Global Holdings, Inc. (NYSE:SERV) Ratings Coverage

Among 5 analysts covering ServiceMaster Global (NYSE:SERV), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. ServiceMaster Global has $70 highest and $61 lowest target. $65.40’s average target is 60.49% above currents $40.75 stock price. ServiceMaster Global had 8 analyst reports since May 2, 2018 according to SRatingsIntel. On Wednesday, May 2 the stock rating was maintained by Morgan Stanley with “Overweight”. Oppenheimer maintained ServiceMaster Global Holdings, Inc. (NYSE:SERV) on Wednesday, May 2 with “Outperform” rating. The stock of ServiceMaster Global Holdings, Inc. (NYSE:SERV) has “Overweight” rating given on Wednesday, July 18 by Morgan Stanley. On Wednesday, August 1 the stock rating was maintained by Morgan Stanley with “Overweight”. The stock of ServiceMaster Global Holdings, Inc. (NYSE:SERV) has “Overweight” rating given on Thursday, September 13 by Morgan Stanley. The rating was maintained by Nomura with “Buy” on Thursday, June 14.

The stock decreased 1.88% or $0.78 during the last trading session, reaching $40.75. About 6.40M shares traded or 322.99% up from the average. ServiceMaster Global Holdings, Inc. (NYSE:SERV) has risen 23.23% since October 2, 2017 and is uptrending. It has outperformed by 7.61% the S&P500.

Analysts await ServiceMaster Global Holdings, Inc. (NYSE:SERV) to report earnings on October, 30. They expect $0.77 earnings per share, up 5.48 % or $0.04 from last year’s $0.73 per share. SERV’s profit will be $104.38M for 13.23 P/E if the $0.77 EPS becomes a reality. After $0.79 actual earnings per share reported by ServiceMaster Global Holdings, Inc. for the previous quarter, Wall Street now forecasts -2.53 % negative EPS growth.

ServiceMaster Global Holdings, Inc. provides residential and commercial services in the United States. The company has market cap of $5.52 billion. It operates in three divisions: Terminix, American Home Shield, and the Franchise Services Group. It has a 10.58 P/E ratio. 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.

ServiceMaster Global Holdings, Inc. (NYSE:SERV) Ratings Chart

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