ServiceMaster Global Holdings, Inc. (SERV) Stock Rating Upgraded by BidaskClub
ServiceMaster Global Holdings, Inc. (NYSE:SERV) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
Other equities analysts have also recently issued reports about the company. Morgan Stanley reaffirmed an “overweight” rating and set a $48.00 price objective on shares of ServiceMaster Global Holdings in a report on Friday, June 23rd. Credit Suisse Group reaffirmed an “outperform” rating and set a $52.00 price objective (up from $47.00) on shares of ServiceMaster Global Holdings in a report on Tuesday, August 1st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $44.00 price objective on shares of ServiceMaster Global Holdings in a report on Tuesday, June 27th. Finally, Instinet lifted their price objective on ServiceMaster Global Holdings from $30.00 to $32.00 and gave the stock a “reduce” rating in a report on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.57.
Shares of ServiceMaster Global Holdings (NYSE:SERV) traded up 1.48% on Tuesday, reaching $45.35. The company’s stock had a trading volume of 706,578 shares. ServiceMaster Global Holdings has a 1-year low of $32.41 and a 1-year high of $45.41. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 27.65 and a beta of 1.05. The stock has a 50-day moving average price of $41.88 and a 200-day moving average price of $39.93.
ServiceMaster Global Holdings (NYSE:SERV) last posted its quarterly earnings results on Monday, July 31st. The business services provider reported $0.69 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.69. ServiceMaster Global Holdings had a return on equity of 40.74% and a net margin of 7.92%. The firm had revenue of $807 million for the quarter, compared to the consensus estimate of $806.64 million. During the same period in the previous year, the business earned $0.67 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities research analysts forecast that ServiceMaster Global Holdings will post $2.04 EPS for the current year.
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In other news, CEO Robert J. Gillette sold 1,142,961 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $42.58, for a total value of $48,667,279.38. Following the completion of the transaction, the chief executive officer now directly owns 642,022 shares of the company’s stock, valued at $27,337,296.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP James T. Lucke sold 9,230 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $43.77, for a total value of $403,997.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,220,655 shares of company stock valued at $52,114,728. 1.20% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in SERV. SG Americas Securities LLC bought a new position in ServiceMaster Global Holdings during the first quarter worth $100,000. FNY Partners Fund LP bought a new position in ServiceMaster Global Holdings during the first quarter worth $104,000. The Manufacturers Life Insurance Company boosted its position in ServiceMaster Global Holdings by 18.5% in the second quarter. The Manufacturers Life Insurance Company now owns 4,529 shares of the business services provider’s stock worth $177,000 after buying an additional 708 shares during the period. Cannell Capital LLC bought a new position in ServiceMaster Global Holdings during the first quarter worth $179,000. Finally, BNP Paribas Arbitrage SA boosted its position in ServiceMaster Global Holdings by 117.8% in the second quarter. BNP Paribas Arbitrage SA now owns 4,559 shares of the business services provider’s stock worth $179,000 after buying an additional 2,466 shares during the period.
About ServiceMaster Global Holdings
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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