ServiceMaster Global Holdings, Inc. (SERV) Given Average Recommendation of “Hold” by Brokerages
ServiceMaster Global Holdings, Inc. (NYSE:SERV) has been given a consensus recommendation of “Hold” by the thirteen research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $48.73.
A number of brokerages have recently weighed in on SERV. Royal Bank Of Canada reaffirmed a “hold” rating and set a $46.00 target price on shares of ServiceMaster Global in a research report on Monday, November 20th. BidaskClub lowered ServiceMaster Global from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 4th. Nomura increased their price target on ServiceMaster Global from $36.00 to $39.00 and gave the company a “reduce” rating in a research report on Friday, November 3rd. Zacks Investment Research raised ServiceMaster Global from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, Robert W. Baird reissued a “hold” rating and issued a $52.00 price target on shares of ServiceMaster Global in a research report on Wednesday, November 1st.
Shares of ServiceMaster Global (NYSE:SERV) remained flat at $$49.99 during trading hours on Thursday. The company had a trading volume of 860,000 shares, compared to its average volume of 926,256. The company has a quick ratio of 0.99, a current ratio of 1.03 and a debt-to-equity ratio of 3.12. ServiceMaster Global has a 52-week low of $36.34 and a 52-week high of $50.49. The company has a market capitalization of $6,750.08, a price-to-earnings ratio of 22.72 and a beta of 1.00.
ServiceMaster Global (NYSE:SERV) last issued its earnings results on Tuesday, October 31st. The business services provider reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. ServiceMaster Global had a return on equity of 40.22% and a net margin of 8.16%. The company had revenue of $797.00 million for the quarter, compared to analyst estimates of $795.41 million. During the same period in the prior year, the firm earned $0.59 earnings per share. ServiceMaster Global’s revenue for the quarter was up 5.1% on a year-over-year basis. sell-side analysts anticipate that ServiceMaster Global will post 2.09 EPS for the current fiscal year.
In other ServiceMaster Global news, insider Mary Kay Wegner sold 6,562 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $47.13, for a total value of $309,267.06. Following the completion of the transaction, the insider now owns 6,562 shares in the company, valued at approximately $309,267.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO John Patrick Mullen sold 3,646 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $46.47, for a total value of $169,429.62. Following the completion of the transaction, the chief accounting officer now owns 3,280 shares of the company’s stock, valued at approximately $152,421.60. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Bank of Montreal Can grew its stake in shares of ServiceMaster Global by 11.1% during the 2nd quarter. Bank of Montreal Can now owns 6,604 shares of the business services provider’s stock worth $260,000 after acquiring an additional 659 shares during the period. Russell Investments Group Ltd. grew its stake in shares of ServiceMaster Global by 719.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 21,592 shares of the business services provider’s stock worth $846,000 after acquiring an additional 18,956 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of ServiceMaster Global during the 2nd quarter worth $471,000. Sei Investments Co. grew its stake in shares of ServiceMaster Global by 2.6% during the 2nd quarter. Sei Investments Co. now owns 170,491 shares of the business services provider’s stock worth $6,682,000 after acquiring an additional 4,265 shares during the period. Finally, Pioneer Investment Management Inc. grew its stake in shares of ServiceMaster Global by 31.6% during the 2nd quarter. Pioneer Investment Management Inc. now owns 282,724 shares of the business services provider’s stock worth $11,080,000 after acquiring an additional 67,809 shares during the period.
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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.
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