Servicemaster Global Holdings Inc (NYSE:SERV)‘s stock had its “reduce” rating restated by equities research analysts at Instinet in a research report issued on Thursday. They currently have a $32.00 target price on the business services provider’s stock, up from their prior target price of $30.00. Instinet’s target price would suggest a potential downside of 16.10% from the company’s current price.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. started coverage on shares of Servicemaster Global Holdings in a research report on Thursday, April 20th. They issued an “overweight” rating and a $49.00 target price on the stock. Zacks Investment Research upgraded shares of Servicemaster Global Holdings from a “sell” rating to a “hold” rating in a research report on Friday, April 7th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $49.00 target price on shares of Servicemaster Global Holdings in a research report on Thursday, April 6th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $42.00.

Analyst Recommendations for Servicemaster Global Holdings (NYSE:SERV)

Shares of Servicemaster Global Holdings (NYSE:SERV) traded up 0.93% on Thursday, hitting $38.14. The stock had a trading volume of 961,966 shares. The company has a 50 day moving average of $39.00 and a 200-day moving average of $38.63. The firm has a market capitalization of $5.11 billion, a P/E ratio of 33.75 and a beta of 1.02. Servicemaster Global Holdings has a 12-month low of $32.41 and a 12-month high of $42.45.

Servicemaster Global Holdings (NYSE:SERV) last announced its quarterly earnings data on Thursday, April 27th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by $0.04. The firm had revenue of $643 million during the quarter, compared to the consensus estimate of $638.52 million. Servicemaster Global Holdings had a net margin of 5.23% and a return on equity of 44.95%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business earned $0.34 earnings per share. Equities analysts predict that Servicemaster Global Holdings will post $2.15 EPS for the current fiscal year.

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In related news, CFO Alan Haughie sold 127,571 shares of Servicemaster Global Holdings stock in a transaction on Monday, February 27th. The shares were sold at an average price of $39.87, for a total transaction 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 $6,760,795.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP James T. Lucke sold 21,000 shares of Servicemaster Global Holdings stock in a transaction on Monday, February 27th. The stock was sold at an average price of $40.05, for a total transaction of $841,050.00. Following the transaction, the senior vice president now directly owns 30,230 shares of the company’s stock, valued at approximately $1,210,711.50. The disclosure for this sale can be found here. Insiders have sold 172,860 shares of company stock valued at $6,900,476 in the last three months. 1.40% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in SERV. Capital Fund Management S.A. bought a new stake in Servicemaster Global Holdings during the third quarter valued at $406,000. Quantbot Technologies LP increased its stake in Servicemaster Global Holdings by 24.2% in the third quarter. Quantbot Technologies LP now owns 25,838 shares of the business services provider’s stock valued at $870,000 after buying an additional 5,032 shares during the period. Dudley & Shanley LLC bought a new stake in Servicemaster Global Holdings during the third quarter valued at $16,261,000. Longview Partners Guernsey LTD increased its stake in Servicemaster Global Holdings by 232.1% in the third quarter. Longview Partners Guernsey LTD now owns 9,163,419 shares of the business services provider’s stock valued at $308,624,000 after buying an additional 6,403,781 shares during the period. Finally, Cantillon Capital Management LLC increased its stake in Servicemaster Global Holdings by 14.4% in the third quarter. Cantillon Capital Management LLC now owns 6,553,162 shares of the business services provider’s stock valued at $220,710,000 after buying an additional 823,839 shares during the period.

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.

12 Month Chart for NYSE:SERV

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