Investment analysts at Oppenheimer Holdings, Inc. initiated coverage on shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) in a report issued on Wednesday, MarketBeat reports. The firm set an “outperform” rating and a $55.00 price target on the business services provider’s stock. Oppenheimer Holdings, Inc.’s price objective would suggest a potential upside of 13.80% from the stock’s previous close.

A number of other research firms have also recently commented on SERV. Robert W. Baird reissued a “hold” rating and set a $51.00 target price on shares of ServiceMaster Global Holdings in a research report on Tuesday, September 12th. Instinet raised their price target on shares of ServiceMaster Global Holdings from $30.00 to $32.00 and gave the stock a “reduce” rating in a report on Thursday, May 25th. Rowe initiated coverage on shares of ServiceMaster Global Holdings in a report on Tuesday. They issued an “outperform” rating and a $55.00 price target for the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $44.00 price target on shares of ServiceMaster Global Holdings in a report on Friday, September 15th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $52.00 price target (up previously from $47.00) on shares of ServiceMaster Global Holdings in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $49.00.

Shares of ServiceMaster Global Holdings (NYSE SERV) traded up 2.70% during midday trading on Wednesday, hitting $48.33. 1,104,880 shares of the company traded hands. ServiceMaster Global Holdings has a 52 week low of $32.41 and a 52 week high of $48.48. The company has a 50-day moving average price of $45.60 and a 200-day moving average price of $41.04. The stock has a market capitalization of $6.45 billion, a P/E ratio of 29.47 and a beta of 1.04.

ServiceMaster Global Holdings (NYSE:SERV) last posted its earnings results on Monday, July 31st. The business services provider reported $0.69 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.69. ServiceMaster Global Holdings had a net margin of 7.92% and a return on equity of 40.74%. The company had revenue of $807.00 million during the quarter, compared to analysts’ expectations of $806.64 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. ServiceMaster Global Holdings’s revenue for the quarter was up 8.0% compared to the same quarter last year. Analysts anticipate that ServiceMaster Global Holdings will post $2.04 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “ServiceMaster Global Holdings, Inc. (SERV) Receives New Coverage from Analysts at Oppenheimer Holdings, Inc.” was first posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/09/20/servicemaster-global-holdings-inc-serv-receives-new-coverage-from-analysts-at-oppenheimer-holdings-inc.html.

In related news, insider Timothy M. Haynes sold 45,623 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $44.48, for a total transaction of $2,029,311.04. Following the sale, the insider now owns 29,833 shares in the company, valued at $1,326,971.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Robert J. Gillette sold 1,142,961 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $42.58, for a total transaction of $48,667,279.38. Following the sale, the chief executive officer now owns 642,022 shares in the company, valued at approximately $27,337,296.76. The disclosure for this sale can be found here. Insiders sold 1,225,655 shares of company stock worth $52,344,228 in the last quarter. Company insiders own 1.20% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its position in ServiceMaster Global Holdings by 6.9% during the first quarter. FMR LLC now owns 15,507,134 shares of the business services provider’s stock valued at $647,423,000 after buying an additional 997,837 shares during the period. Janus Henderson Group PLC acquired a new stake in ServiceMaster Global Holdings during the second quarter valued at $568,959,000. Janus Capital Management LLC grew its position in ServiceMaster Global Holdings by 6.2% during the first quarter. Janus Capital Management LLC now owns 14,212,322 shares of the business services provider’s stock valued at $593,365,000 after buying an additional 831,991 shares during the period. Vanguard Group Inc. grew its position in ServiceMaster Global Holdings by 1.0% during the second quarter. Vanguard Group Inc. now owns 10,535,475 shares of the business services provider’s stock valued at $412,885,000 after buying an additional 99,374 shares during the period. Finally, Capital Research Global Investors grew its position in ServiceMaster Global Holdings by 4.4% during the second quarter. Capital Research Global Investors now owns 9,228,000 shares of the business services provider’s stock valued at $361,645,000 after buying an additional 393,000 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.

Analyst Recommendations for ServiceMaster Global Holdings (NYSE:SERV)

Receive News & Ratings for ServiceMaster Global Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceMaster Global Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.