Servicemaster Global (SERV) Coverage Initiated at William Blair

Equities researchers at William Blair assumed coverage on shares of Servicemaster Global (NYSE:SERV) in a research report issued on Monday, The Fly reports. The brokerage set an “outperform” rating on the business services provider’s stock.

A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Servicemaster Global from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. BidaskClub cut shares of Servicemaster Global from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 4th. Royal Bank of Canada cut shares of Servicemaster Global from an “outperform” rating to a “sector perform” rating and set a $44.00 price objective for the company. in a research report on Tuesday, October 24th. They noted that the move was a valuation call. Robert W. Baird restated a “hold” rating and set a $52.00 price objective on shares of Servicemaster Global in a research report on Wednesday, November 1st. Finally, Nomura upped their price objective on shares of Servicemaster Global from $36.00 to $39.00 and gave the stock a “reduce” rating in a research report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $49.92.

Shares of Servicemaster Global (SERV) traded down $0.63 during midday trading on Monday, reaching $52.96. 497,710 shares of the company were exchanged, compared to its average volume of 507,285. Servicemaster Global has a 12-month low of $36.34 and a 12-month high of $54.48. The stock has a market capitalization of $7,170.00, a P/E ratio of 30.61 and a beta of 1.00. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.03 and a quick ratio of 0.99.

Servicemaster Global (NYSE:SERV) last announced its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.12. Servicemaster Global had a net margin of 8.16% and a return on equity of 40.22%. The firm had revenue of $797.00 million for the quarter, compared to the consensus estimate of $795.41 million. During the same period in the prior year, the firm posted $0.59 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. equities analysts predict that Servicemaster Global will post 2.09 earnings per share for the current fiscal year.

In related news, 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 sale, the senior vice president now directly owns 21,000 shares in the company, valued at $1,055,040. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mary Kay Wegner sold 6,562 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $47.13, for a total transaction of $309,267.06. Following the sale, the insider now owns 6,562 shares of the company’s stock, valued at $309,267.06. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,464 shares of company stock valued at $1,596,901. 1.20% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. FMR LLC boosted its stake in Servicemaster Global by 6.9% during the first quarter. FMR LLC now owns 15,507,134 shares of the business services provider’s stock worth $647,423,000 after buying an additional 997,837 shares during the period. Janus Henderson Group PLC purchased a new position in Servicemaster Global during the second quarter worth about $568,959,000. Janus Capital Management LLC boosted its stake in Servicemaster Global by 6.2% during the first quarter. Janus Capital Management LLC now owns 14,212,322 shares of the business services provider’s stock worth $593,365,000 after buying an additional 831,991 shares during the period. Vanguard Group Inc. boosted its stake in Servicemaster Global by 1.0% during the second quarter. Vanguard Group Inc. now owns 10,535,475 shares of the business services provider’s stock worth $412,885,000 after buying an additional 99,374 shares during the period. Finally, Longview Partners Guernsey LTD boosted its stake in Servicemaster Global by 4.6% during the third quarter. Longview Partners Guernsey LTD now owns 9,490,981 shares of the business services provider’s stock worth $443,514,000 after buying an additional 417,782 shares during the period.

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About Servicemaster Global

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.

The Fly

Analyst Recommendations for Servicemaster Global (NYSE:SERV)

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