ServiceMaster Global Holdings, Inc. (SERV) Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

January 10, 2018 - By Clifton Ray

The stock of ServiceMaster Global Holdings, Inc. (NYSE:SERV) hit a new 52-week high and has $57.07 target or 8.00 % above today’s $52.84 share price. The 8 months bullish chart indicates low risk for the $7.14B company. The 1-year high was reported on Jan, 10 by If the $57.07 price target is reached, the company will be worth $570.80 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 0.21% or $0.11 during the last trading session, reaching $52.84. About 113,405 shares traded. ServiceMaster Global Holdings, Inc. (NYSE:SERV) has risen 0.99% since January 10, 2017 and is uptrending. It has underperformed by 15.71% the S&P500.

Analysts await ServiceMaster Global Holdings, Inc. (NYSE:SERV) to report earnings on February, 22. They expect $0.34 EPS, down 22.73 % or $0.10 from last year’s $0.44 per share. SERV’s profit will be $45.91M for 38.85 P/E if the $0.34 EPS becomes a reality. After $0.73 actual EPS reported by ServiceMaster Global Holdings, Inc. for the previous quarter, Wall Street now forecasts -53.42 % negative EPS growth.

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

Among 10 analysts covering ServiceMaster (NYSE:SERV), 6 have Buy rating, 2 Sell and 2 Hold. Therefore 60% are positive. ServiceMaster had 24 analyst reports since August 5, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of SERV in report on Tuesday, August 1 with “Buy” rating. The rating was maintained by Robert W. Baird with “Hold” on Monday, September 11. Robert W. Baird downgraded ServiceMaster Global Holdings, Inc. (NYSE:SERV) on Friday, March 11 to “Neutral” rating. The firm has “Buy” rating by RBC Capital Markets given on Friday, September 15. On Wednesday, January 27 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of ServiceMaster Global Holdings, Inc. (NYSE:SERV) earned “Overweight” rating by Morgan Stanley on Thursday, September 28. On Tuesday, September 19 the stock rating was initiated by Oppenheimer with “Buy”. The company was maintained on Wednesday, August 5 by RBC Capital Markets. RBC Capital Markets maintained the shares of SERV in report on Monday, June 26 with “Buy” rating. The firm has “Overweight” rating given on Monday, October 23 by Morgan Stanley.

More recent ServiceMaster Global Holdings, Inc. (NYSE:SERV) news were published by: which released: “Terminix announces departure of COO” on December 11, 2017. Also published the news titled: “First Week of August 2018 Options Trading For ServiceMaster Global Holdings (SERV)” on December 19, 2017.‘s news article titled: “ServiceMaster Appoints New Leader to Drive Enhanced Customer Experience and …” with publication date: December 13, 2017 was also an interesting one.

ServiceMaster Global Holdings, Inc. provides residential and commercial services in the United States. The company has market cap of $7.14 billion. It operates in three divisions: Terminix, American Home Shield, and the Franchise Services Group. It has a 30.58 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.

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