Servicemaster Global (NYSE:SERV) had its price objective raised by research analysts at Royal Bank of Canada to $52.00 in a research note issued on Friday, The Fly reports. The brokerage currently has a “sector perform” rating on the business services provider’s stock. Royal Bank of Canada’s price target points to a potential downside of 1.59% from the company’s current price. The analysts noted that the move was a valuation call.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Servicemaster Global from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a report on Thursday, January 4th. Morgan Stanley set a $52.00 price target on shares of Servicemaster Global and gave the company a “buy” rating in a report on Monday, October 23rd. Robert W. Baird reaffirmed a “hold” rating and issued a $52.00 price target on shares of Servicemaster Global in a report on Wednesday, November 1st. Nomura upped their price target on shares of Servicemaster Global from $36.00 to $39.00 and gave the company a “reduce” rating in a report on Friday, November 3rd. Finally, BidaskClub lowered shares of Servicemaster Global from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $49.92.
Shares of Servicemaster Global (NYSE:SERV) opened at $52.84 on Friday. Servicemaster Global has a 1-year low of $36.34 and a 1-year high of $53.79. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.03 and a quick ratio of 0.99. The company has a market cap of $7,170.02, a price-to-earnings ratio of 30.37 and a beta of 1.00.
In related news, insider Mary Kay Wegner sold 1,256 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $50.29, for a total value of $63,164.24. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP James T. Lucke sold 21,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $50.24, for a total transaction of $1,055,040.00. Following the completion of the transaction, the senior vice president now directly owns 21,000 shares in the company, valued at $1,055,040. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,464 shares of company stock worth $1,596,901. Corporate insiders own 1.20% of the company’s stock.
A number of institutional investors have recently modified their holdings of SERV. State of Alaska Department of Revenue raised its holdings in Servicemaster Global by 100.0% in the 4th quarter. State of Alaska Department of Revenue now owns 21,445 shares of the business services provider’s stock valued at $1,098,000 after acquiring an additional 10,720 shares during the last quarter. Frontier Capital Management Co. LLC raised its holdings in Servicemaster Global by 15.5% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,338,337 shares of the business services provider’s stock valued at $68,617,000 after acquiring an additional 179,131 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Servicemaster Global by 7.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 525,234 shares of the business services provider’s stock valued at $26,929,000 after acquiring an additional 36,688 shares during the last quarter. Bank of Montreal Can raised its holdings in Servicemaster Global by 1,684.5% in the 4th quarter. Bank of Montreal Can now owns 117,025 shares of the business services provider’s stock valued at $5,999,000 after acquiring an additional 110,467 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Servicemaster Global in the 3rd quarter valued at about $790,000.
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Servicemaster Global 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.
