Oppenheimer analyst Ian Zaffino maintained a Buy rating on Servicemaster Global Holdings (NYSE: SERV) today and set a price target of $65. The company’s shares closed yesterday at $58.93, close to its 52-week high of $59.70.
Zaffino noted:
“ServiceMaster remains a story of catalysts, including the spin of AHS, the turnaround of Terminix and the unveiling of a new, growth-acceleration plan at AHS. The company’s CEO Nik Vartey presents at Oppenheimer’s 18 th Annual Consumer Conference next week. There, we look for an update on the Terminix transformation, the AHS spinoff and any preliminary color on newly-appointed AHS CEO Rex Tibbens’ strategic plan. The spin remains on track for 3Q18 with an investor day and roadshow likely in September. Raise price target to $65, from $62, based on greater confidence in the Terminix turnaround and a more favorable outlook at AHS under Tibbens. Maintain Outperform.”
According to TipRanks.com, Zaffino is a 4-star analyst with an average return of 3.9% and a 57.3% success rate. Zaffino covers the Services sector, focusing on stocks such as Wyndham Destinations Inc, Six Flags, and Caesars.
Currently, the analyst consensus on Servicemaster Global Holdings is Strong Buy and the average price target is $66.33, representing a 12.6% upside.
In a report released yesterday, Nomura also maintained a Buy rating on the stock with a $70 price target.
See today’s analyst top recommended stocks >>
Based on Servicemaster Global Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $675 million and net profit of $40 million. In comparison, last year the company earned revenue of $643 million and had a net profit of $39 million.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. Last month, Susan Hunsberger, the SVP HR of SERV sold 61,716 shares for a total of $3,531,770.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
ServiceMaster Global Holdings, Inc. engages in the provision of residential and commercial services. It operates through the following segments: Terminix, American Home Shield, and Franchise Services Group. The Terminix segment provides termite and pest control services to residential and commercial customers; as well as distributes pest control products.
