Oppenheimer Begins Coverage on ServiceMaster Global Holdings, (SERV) With An Initial Rating Of “Outperform”


ServiceMaster Global Holdings, (NYSE:SERV).

Equity analyst Oppenheimer initiated coverage on the stock setting a rating of “Outperform”.

The company is now up by 1.15% percent from yesterday’s close. The stock last traded at $47.60 barely above the 50 day moving average which is $45.60 and which is significantly higher than the 200 day moving average of $41.04. The 50 day moving average was up by +4.38% and the 200 day average went up by +15.98%.

ServiceMaster Global Holdings, Inc., launched on March 16, 2007, is a provider of essential residential and commercial services. The Company operates through three segments: Terminix, American Home Shield and the Franchise Services Group. Its portfolio of brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec. As of December 31, 2016, the Company operated through a service network of more than 8,000 company-owned locations and franchise and license agreements..

The most current P/E ratio is 29.02 and the market cap of the company is 6.35B. In the last earnings report the EPS was $1.64 and is estimated to be $2.04 for the current year with 133,441,000 shares outstanding. Next quarter’s EPS is forecasted at $0.40 with next year’s EPS anticipated to be $2.29.

Investors are a little more bullish on shares of the company of late at least if you consider the change in short interest. The company realized a fall in short interest of -5.30% as of August 31, 2017 from the last reporting period. Short interest decreased from 3,365,898 to 3,187,455 over that period. With short interest at 3,187,455 and short average daily volume at 943,267, the short-interest ratio is 3.0 and the percentage of shorted shares was 0.02% on August 31.