Time to Reconsider ServiceMaster Global Holdings, Inc. (SERV) After Achieving 52-Week High?

May 17, 2018 - By James Guidry

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

The stock of ServiceMaster Global Holdings, Inc. (NYSE:SERV) hit a new 52-week high and has $61.16 target or 6.00 % above today’s $57.70 share price. The 6 months bullish chart indicates low risk for the $7.81 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $61.16 price target is reached, the company will be worth $468.78 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.10% or $0.06 during the last trading session, reaching $57.7. About 297,176 shares traded. ServiceMaster Global Holdings, Inc. (NYSE:SERV) has risen 26.50% since May 17, 2017 and is uptrending. It has outperformed by 14.95% the S&P500.

Analysts await ServiceMaster Global Holdings, Inc. (NYSE:SERV) to report earnings on July, 30. They expect $0.84 EPS, up 21.74 % or $0.15 from last year’s $0.69 per share. SERV’s profit will be $113.74M for 17.17 P/E if the $0.84 EPS becomes a reality. After $0.44 actual EPS reported by ServiceMaster Global Holdings, Inc. for the previous quarter, Wall Street now forecasts 90.91 % EPS growth.

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

Among 7 analysts covering Servicemaster Global Holdings (NYSE:SERV), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Servicemaster Global Holdings had 10 analyst reports since November 20, 2017 according to SRatingsIntel. Morgan Stanley maintained it with “Overweight” rating and $64 target in Wednesday, May 2 report. The rating was maintained by Nomura on Wednesday, February 28 with “Buy”. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, February 28. Nomura upgraded the stock to “Buy” rating in Thursday, February 15 report. The rating was maintained by RBC Capital Markets on Monday, November 20 with “Hold”. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, January 31 report. The company was upgraded on Thursday, February 15 by Instinet. On Wednesday, May 2 the stock rating was maintained by Oppenheimer with “Outperform”.

More recent ServiceMaster Global Holdings, Inc. (NYSE:SERV) news were published by: Globenewswire.com which released: “Factors of Influence in 2018, Key Indicators and Opportunity within Hasbro, Realty Income, The Hartford Financial …” on May 11, 2018. Also Prnewswire.com published the news titled: “Technical Reports on Business Services Equities — RR Donnelley & Sons, Ritchie Bros. Auctioneers, Rollins, and …” on May 07, 2018. Benzinga.com‘s news article titled: “ServiceMaster A Leader In ‘Recession-Resistant’ Pest Control, Buckingham Says In Positive Initiation” with publication date: May 10, 2018 was also an interesting one.

ServiceMaster Global Holdings, Inc. provides residential and commercial services in the United States. The company has market cap of $7.81 billion. It operates in three divisions: Terminix, American Home Shield, and the Franchise Services Group. It has a 15.35 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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