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.

Analyst Recommendations for ServiceMaster Global Holdings (NYSE:SERV)

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