Oppenheimer analyst Ian Zaffino maintained a Buy rating on Servicemaster Global Holdings (SERV) yesterday and set a price target of $55. The company’s shares closed yesterday at $48.85.
Zaffino said:
“Management continues to target best-in-class retention by 2021. Incremental margins should be 30%+ by 4Q19, and even higher thereafter, as retention improvements eliminate the need for elevated marketing spend. ServiceMaster Brands could be a large source of upside, as it enters commercial adjacencies and/or leverages Terminix. Maintain Outperform and raise target to $55 from $47.”
According to TipRanks.com, Zaffino is a 3-star analyst with an average return of 1.0% and a 50.6% 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 $47.33, implying a -3.1% downside from current levels. In a report issued on February 26, Nomura also maintained a Buy rating on the stock with a $52 price target.
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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 1.16M.
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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.
