ServiceMaster Global Holdings, Inc. (NYSE:SERV) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage presently has a $52.00 target price on the business services provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 11.37% from the stock’s current price.

According to Zacks, “ServiceMaster Global Holdings, Inc. provides outsourcing services for residential and commercial customers. The company’s brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec. ServiceMaster. It offers lawn care and landscape maintenance, termite and pest control, home warranties, disaster response and reconstruction, cleaning and disaster restoration, house cleaning, furniture repair, and home inspection services. ServiceMaster Global Holdings, Inc. is headquartered in Memphis, Tennessee. “

A number of other analysts have also recently issued reports on the company. Royal Bank Of Canada reissued a “buy” rating and set a $44.00 target price on shares of ServiceMaster Global Holdings in a research note on Tuesday, June 27th. Robert W. Baird reaffirmed a “hold” rating and issued a $51.00 price target on shares of ServiceMaster Global Holdings in a research note on Tuesday, September 12th. 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 reiterated 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. Finally, CIBC initiated coverage on shares of ServiceMaster Global Holdings in a report on Wednesday, September 20th. They issued an “outperform” rating and a $55.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $49.55.

ServiceMaster Global Holdings (NYSE:SERV) traded up 0.49% during midday trading on Wednesday, reaching $46.92. 224,479 shares of the company’s stock were exchanged. ServiceMaster Global Holdings has a 1-year low of $32.41 and a 1-year high of $48.48. The firm’s 50-day moving average is $46.48 and its 200 day moving average is $41.57. The stock has a market cap of $6.26 billion, a P/E ratio of 28.61 and a beta of 1.02.

ServiceMaster Global Holdings (NYSE:SERV) last released its quarterly earnings results on Monday, July 31st. The business services provider reported $0.69 EPS for the quarter, hitting 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 company 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 posted $0.67 earnings per share. ServiceMaster Global Holdings’s revenue was up 8.0% compared to the same quarter last year. Equities analysts anticipate that ServiceMaster Global Holdings will post $2.04 earnings per share for the current fiscal year.

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In related news, insider Mary Kay Wegner sold 22,841 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $44.40, for a total value of $1,014,140.40. Following the completion of the transaction, the insider now owns 5,572 shares of the company’s stock, valued at $247,396.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Timothy M. Haynes sold 5,000 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $45.90, for a total transaction of $229,500.00. Following the completion of the transaction, the insider now directly owns 22,335 shares of the company’s stock, valued at approximately $1,025,176.50. The disclosure for this sale can be found here. In the last three months, insiders sold 1,225,655 shares of company stock worth $52,344,228. 1.20% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN lifted its position in ServiceMaster Global Holdings by 1.9% during the 1st quarter. Wells Fargo & Company MN now owns 99,827 shares of the business services provider’s stock worth $4,167,000 after buying an additional 1,847 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of ServiceMaster Global Holdings by 1.8% in the 1st quarter. Bank of New York Mellon Corp now owns 549,050 shares of the business services provider’s stock valued at $22,923,000 after acquiring an additional 9,812 shares in the last quarter. Comerica Bank bought a new position in shares of ServiceMaster Global Holdings in the 1st quarter valued at about $207,000. UBS Asset Management Americas Inc. grew its holdings in shares of ServiceMaster Global Holdings by 1.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 164,063 shares of the business services provider’s stock valued at $6,850,000 after acquiring an additional 1,636 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of ServiceMaster Global Holdings by 9.6% in the 1st quarter. Parametric Portfolio Associates LLC now owns 142,555 shares of the business services provider’s stock valued at $5,952,000 after acquiring an additional 12,482 shares in the last quarter.

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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Analyst Recommendations for ServiceMaster Global Holdings (NYSE:SERV)

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