Servicemaster Global Holdings Inc (SERV) is Reiterated by Piper Jaffray to Overweight, Lowers Price Target to $ 47

Servicemaster Global Holdings Inc (SERV) was Reiterated by Piper Jaffray to “Overweight” while Lowering the Price Target of the company shares to $ 47 from a previous price target of $49 . Piper Jaffray advised their investors in a research report released on Jun 14, 2016.

Many Wall Street Analysts have commented on Servicemaster Global Holdings Inc. Servicemaster Global Holdings Inc was Initiated by Nomura to “Neutral” on Apr 20, 2016.

On the company’s financial health, Servicemaster Global Holdings Inc reported $0.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.39. The company had revenue of $608.00 million for the quarter, compared to analysts expectations of $608.50 million. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Servicemaster Global Holdings Inc closed down -0.29 points or -0.72% at $40.02 with 8,40,625 shares getting traded on Friday. Post opening the session at $40, the shares hit an intraday low of $39.88 and an intraday high of $40.33 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 12, 2016, Susan Hunsberger (SVP, Human Resources) sold 20,000 shares at $36.06 per share price. According to the SEC, on Mar 14, 2016, Mark J Barry (Chief Marketing & Strategy Ofc) sold 61,084 shares at $38.61 per share price. On Dec 17, 2015, Timothy M Haynes (Pres., American Home Shield) sold 15,500 shares at $37.91 per share price, according to the Form-4 filing with the securities and exchange commission.

ServiceMaster Global Holdings Inc. is a holding company. The Company is a provider of residential and commercial services operating through a service network of more than 8000 company owned locations and franchise and license agreements. The Company’s services include termite and pest control home warranties disaster restoration janitorial residential cleaning furniture repair and home inspection. Its portfolio of brands includes Terminix American Home Shield ServiceMaster Restore ServiceMaster Clean Merry Maids Furniture Medic and AmeriSpec. The Company’s segments include Terminix American Home Shield and the Franchise Services Group. The Terminix segment is a provider of termite and pest control services. The American Home Shield segment is a provider of home warranty plans for household systems and appliances. The Franchise Services Group segment provides residential and commercial disaster restoration janitorial and cleaning services through franchises.

Servicemaster Global Holdings Inc

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