Servicemaster Global Holdings Inc (SERV) Now Covered by Analysts at JPMorgan Chase & Co.
Investment analysts at JPMorgan Chase & Co. started coverage on shares of Servicemaster Global Holdings Inc (NYSE:SERV) in a report issued on Thursday, The Fly reports. The brokerage set an “overweight” rating on the business services provider’s stock.
Several other research firms also recently issued reports on SERV. Zacks Investment Research raised Servicemaster Global Holdings from a “sell” rating to a “hold” rating in a research note on Friday, April 7th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $49.00 price target on shares of Servicemaster Global Holdings in a research note on Thursday, April 6th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $43.00 price target on shares of Servicemaster Global Holdings in a research note on Friday, January 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $42.83.
Servicemaster Global Holdings (NYSE:SERV) opened at 40.88 on Thursday. The firm has a market capitalization of $5.48 billion, a PE ratio of 36.40 and a beta of 1.02. The company has a 50 day moving average of $40.35 and a 200 day moving average of $37.95. Servicemaster Global Holdings has a 1-year low of $32.41 and a 1-year high of $42.09.
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Servicemaster Global Holdings (NYSE:SERV) last released its quarterly earnings results on Thursday, February 23rd. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. The business earned $633 million during the quarter, compared to the consensus estimate of $635.13 million. Servicemaster Global Holdings had a return on equity of 44.95% and a net margin of 5.23%. The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.33 EPS. Analysts forecast that Servicemaster Global Holdings will post $2.19 EPS for the current year.
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In related news, CFO Alan Haughie sold 127,571 shares of the business’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $39.87, for a total value of $5,086,255.77. Following the completion of the transaction, the chief financial officer now owns 169,571 shares of the company’s stock, valued at approximately $6,760,795.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timothy M. Haynes sold 6,265 shares of the business’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $40.15, for a total transaction of $251,539.75. Following the completion of the transaction, the insider now directly owns 17,335 shares of the company’s stock, valued at approximately $696,000.25. The disclosure for this sale can be found here. Insiders have sold a total of 172,860 shares of company stock valued at $6,900,476 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in SERV. Manchester Capital Management LLC purchased a new position in shares of Servicemaster Global Holdings during the first quarter valued at $122,000. Checchi Capital Advisers LLC increased its position in shares of Servicemaster Global Holdings by 5,105.1% in the second quarter. Checchi Capital Advisers LLC now owns 3,071 shares of the business services provider’s stock valued at $122,000 after buying an additional 3,012 shares during the last quarter. First Manhattan Co. purchased a new position in shares of Servicemaster Global Holdings during the second quarter valued at $125,000. Bronfman E.L. Rothschild L.P. increased its position in shares of Servicemaster Global Holdings by 62.5% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,444 shares of the business services provider’s stock valued at $150,000 after buying an additional 1,710 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in shares of Servicemaster Global Holdings during the fourth quarter valued at $169,000.
Servicemaster Global Holdings Company Profile
ServiceMaster Global Holdings, Inc 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.
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