In a report released today, Ian Zaffino from Oppenheimer maintained a Buy rating on Servicemaster Global Holdings (SERV), with a price target of $55. The company’s shares opened today at $52.27.
Zaffino noted:
“Driven by organic growth of +3%/+5% at Brands, as well as acquisitions at Terminix, adjusted EBITDA of $109M beat our/Street’s $102M/ $103M ests. Even with weather headwinds of ~$3M, revenues of $482M beat our/Street’s $472M/$473M ests, as commercial pest retention reached three-year highs and SMB enjoys high-growth market verticals. Management reaffirmed FY2019 guidance for revenues of $2,020-2,050M and EBITDA of $435-445M. Maintain Outperform.”
According to TipRanks.com, Zaffino is a 4-star analyst with an average return of 3.8% and a 56.7% success rate. Zaffino covers the Services sector, focusing on stocks such as Wyndham Hotels & Resorts Inc, Wyndham Destinations Inc, and frontdoor inc.
Currently, the analyst consensus on Servicemaster Global Holdings is a Moderate Buy with an average price target of $48.57.
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The company has a one-year high of $62.70 and a one-year low of $34.28. Currently, Servicemaster Global Holdings has an average volume of 888.5K.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2019, John Patrick Mullen, the VP, Contr & CAO of SERV sold 22,376 shares for a total of $1,069,349.
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ServiceMaster Global Holdings, Inc. engages in the provision of residential and commercial services. It offers residential and commercial termite and pest control, national accounts pest control services, restoration, commercial cleaning, residential cleaning, cabinet and furniture repair, and home inspections.
