Servicemaster Global Holdings (SERV) Gets a Buy Rating from Morgan Stanley


In a report released today, Toni Kaplan from Morgan Stanley maintained a Buy rating on Servicemaster Global Holdings (NYSE: SERV), with a price target of $61. The company’s shares closed yesterday at $58.19.

According to TipRanks.com, Kaplan is a 2-star analyst with an average return of 2.4% and a 55.9% success rate. Kaplan covers the Services sector, focusing on stocks such as Thomson Reuters Corp, Factset Research, and Nielsen Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Servicemaster Global Holdings with a $66.50 average price target, a 14.3% upside from current levels. In a report issued on September 11, William Blair also maintained a Buy rating on the stock.

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Based on Servicemaster Global Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $874 million and net profit of $96 million. In comparison, last year the company earned revenue of $807 million and had a net profit of $85 million.

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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.

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