ServiceMaster Global Holdings, Inc. (NYSE:SERV)‘s stock had its “buy” rating restated by research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday. They currently have a $44.00 price objective on the business services provider’s stock. Royal Bank Of Canada’s price target points to a potential downside of 5.74% from the stock’s current price.

Several other research analysts have also weighed in on SERV. Robert W. Baird reissued a “hold” rating and set a $51.00 price objective on shares of ServiceMaster Global Holdings in a research note on Tuesday. Instinet lifted their price objective on shares of ServiceMaster Global Holdings from $30.00 to $32.00 and gave the stock a “reduce” rating in a research note on Thursday, May 25th. BidaskClub raised shares of ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Credit Suisse Group reissued an “outperform” rating and set a $52.00 price objective (up previously from $47.00) on shares of ServiceMaster Global Holdings in a research note on Tuesday, August 1st. Finally, Morgan Stanley reissued an “overweight” rating and set a $48.00 price objective on shares of ServiceMaster Global Holdings in a research note on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $44.50.

Shares of ServiceMaster Global Holdings (NYSE SERV) traded down 0.15% during midday trading on Friday, hitting $46.68. 2,027,211 shares of the company traded hands. The stock has a market capitalization of $6.23 billion, a P/E ratio of 28.46 and a beta of 1.04. The stock’s 50-day moving average is $45.17 and its 200 day moving average is $40.87. ServiceMaster Global Holdings has a 12-month low of $32.41 and a 12-month high of $47.52.

ServiceMaster Global Holdings (NYSE:SERV) last released its quarterly earnings data on Monday, July 31st. The business services provider reported $0.69 earnings per share for the quarter, hitting the consensus estimate of $0.69. ServiceMaster Global Holdings had a net margin of 7.92% and a return on equity of 40.74%. The business had revenue of $807.00 million for the quarter, compared to analyst estimates of $806.64 million. During the same quarter last year, the firm earned $0.67 EPS. ServiceMaster Global Holdings’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, analysts expect that ServiceMaster Global Holdings will post $2.04 earnings per share for the current year.

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In other ServiceMaster Global Holdings news, insider Timothy M. Haynes sold 45,623 shares of ServiceMaster Global Holdings stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $44.48, for a total value of $2,029,311.04. Following the transaction, the insider now owns 29,833 shares of the company’s stock, valued at $1,326,971.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP James T. Lucke sold 9,230 shares of ServiceMaster Global Holdings stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $43.77, for a total transaction of $403,997.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,225,655 shares of company stock worth $52,344,228. Insiders own 1.20% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in SERV. Eagle Asset Management lifted its stake in ServiceMaster Global Holdings by 98.8% in the third quarter. Eagle Asset Management now owns 801,222 shares of the business services provider’s stock valued at $26,880,000 after buying an additional 398,171 shares in the last quarter. Janus Capital Management lifted its stake in ServiceMaster Global Holdings by 19.1% in the third quarter. Janus Capital Management now owns 5,831,507 shares of the business services provider’s stock valued at $195,647,000 after buying an additional 933,260 shares in the last quarter. Three Peaks Capital Management lifted its stake in ServiceMaster Global Holdings by 19.7% in the fourth quarter. Three Peaks Capital Management now owns 280,318 shares of the business services provider’s stock valued at $11,000,000 after buying an additional 46,050 shares in the last quarter. Dalton Greiner Hartman Maher & Company lifted its stake in ServiceMaster Global Holdings by 8.4% in the fourth quarter. Dalton Greiner Hartman Maher & Company now owns 565,290 shares of the business services provider’s stock valued at $22,182,000 after buying an additional 43,789 shares in the last quarter. Finally, Boston Advisors bought a new position in ServiceMaster Global Holdings in the fourth quarter valued at approximately $13,980,000.

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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