Price Action to Note: Is Buying Servicemaster Global Holdings Inc Here a Winning Strategy?

Price Action to Note: Is Buying Servicemaster Global Holdings Inc Here a Winning Strategy?

The stock of Servicemaster Global Holdings Inc (NYSE:SERV) is a huge mover today! About 462,844 shares traded hands. Servicemaster Global Holdings Inc (NYSE:SERV) has declined 10.74% since March 3, 2016 and is downtrending. It has underperformed by 19.09% the S&P500.
The move comes after 5 months positive chart setup for the $4.61 billion company. It was reported on Oct, 6 by Barchart.com. We have $41.73 PT which if reached, will make NYSE:SERV worth $1.06B more.

Analysts await Servicemaster Global Holdings Inc (NYSE:SERV) to report earnings on November, 1. They expect $0.63 EPS, up 16.67% or $0.09 from last year’s $0.54 per share. SERV’s profit will be $85.60M for 13.46 P/E if the $0.63 EPS becomes a reality. After $0.67 actual EPS reported by Servicemaster Global Holdings Inc for the previous quarter, Wall Street now forecasts -5.97% negative EPS growth.

Servicemaster Global Holdings Inc (NYSE:SERV) Ratings Coverage

Out of 4 analysts covering ServiceMaster (NYSE:SERV), 2 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 50% are positive. ServiceMaster has been the topic of 7 analyst reports since August 5, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Servicemaster Global Holdings Inc (NYSE:SERV) rating on Wednesday, January 27. RBC Capital Markets has “Outperform” rating and $46 price target. On Monday, September 19 the stock rating was downgraded by Nomura to “Reduce”. On Friday, March 11 the stock rating was downgraded by Robert W. Baird to “Neutral”. The firm has “Outperform” rating given on Tuesday, December 22 by RBC Capital Markets. The firm has “Sector Perform” rating given on Wednesday, August 5 by RBC Capital Markets. The firm earned “Neutral” rating on Tuesday, August 16 by Nomura.

According to Zacks Investment Research, “ServiceMaster Global Holdings, Inc. provides outsourcing services for residential and commercial customers. The company’s brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec. ServiceMaster. It offers lawn care and landscape maintenance, termite and pest control, home warranties, disaster response and reconstruction, cleaning and disaster restoration, house cleaning, furniture repair, and home inspection services. ServiceMaster Global Holdings, Inc. is headquartered in Memphis, Tennessee.”

More important recent Servicemaster Global Holdings Inc (NYSE:SERV) news were published by: Forbes.com which released: “ServiceMaster Global Holdings is Now Oversold (SERV)” on September 19, 2016, also Bizjournals.com published article titled: “ServiceMaster will transform Peabody Place into Class A office space”, Fortune.com published: “ServiceMaster Global Holdings” on February 19, 2016. More interesting news about Servicemaster Global Holdings Inc (NYSE:SERV) was released by: Twst.com and their article: “ServiceMaster Global Holdings Inc.: American Home Shield Acquires OneGuard …” with publication date: June 27, 2016.

SERV Company Profile

ServiceMaster Global Holdings, Inc., incorporated on March 16, 2007, is a holding company. The Firm provides essential residential and commercial services. The Company’s services include termite and pest control, home warranties, disaster restoration, janitorial, residential cleaning, furniture repair and home inspection. The Firm operates through three divisions: Terminix, American Home Shield and the Franchise Services Group. The Company’s portfolio of brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec. The Firm operates through a service network of more than 8,000 company-owned locations and franchise and license agreements.

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