Shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) have earned an average rating of “Buy” from the thirteen research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $49.55.
A number of brokerages have recently issued reports on SERV. BidaskClub cut shares of ServiceMaster Global Holdings from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Zacks Investment Research raised shares of ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Oppenheimer Holdings, Inc. began coverage on shares of ServiceMaster Global Holdings in a report on Wednesday, September 20th. They issued an “outperform” rating and a $55.00 target price on the stock. Morgan Stanley upped their target price on shares of ServiceMaster Global Holdings from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, September 28th. Finally, CIBC began coverage on shares of ServiceMaster Global Holdings in a report on Wednesday, September 20th. They issued an “outperform” rating and a $55.00 target price on the stock.
Shares of ServiceMaster Global Holdings (NYSE SERV) traded up 0.75% during midday trading on Wednesday, hitting $46.76. The stock had a trading volume of 653,931 shares. The firm has a market capitalization of $6.24 billion, a PE ratio of 28.51 and a beta of 1.02. The company’s 50 day moving average price is $47.09 and its 200-day moving average price is $42.09. ServiceMaster Global Holdings has a 1-year low of $32.51 and a 1-year high of $48.48.
ServiceMaster Global Holdings (NYSE:SERV) last issued its earnings results on Monday, July 31st. The business services provider reported $0.69 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.69. The company had revenue of $807.00 million for the quarter, compared to analysts’ expectations of $806.64 million. ServiceMaster Global Holdings had a net margin of 7.92% and a return on equity of 40.74%. ServiceMaster Global Holdings’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 EPS. Equities analysts predict that ServiceMaster Global Holdings will post $2.04 earnings per share for the current year.
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In related news, insider Timothy M. Haynes sold 45,623 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $44.48, for a total value of $2,029,311.04. Following the transaction, the insider now owns 29,833 shares in the company, valued at approximately $1,326,971.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Timothy M. Haynes sold 5,000 shares of the company’s stock in a transaction dated 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 owns 22,335 shares in the company, valued at approximately $1,025,176.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,225,655 shares of company stock worth $52,344,228. 1.20% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in SERV. Comerica Bank acquired a new position in ServiceMaster Global Holdings in the 1st quarter valued at about $207,000. UBS Asset Management Americas Inc. grew its stake in 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 buying an additional 1,636 shares during the last quarter. Prudential Financial Inc. acquired a new position in ServiceMaster Global Holdings in the 1st quarter valued at about $246,000. SG Americas Securities LLC acquired a new position in ServiceMaster Global Holdings in the 1st quarter valued at about $100,000. Finally, Alliancebernstein L.P. grew its stake in ServiceMaster Global Holdings by 13.0% in the 1st quarter. Alliancebernstein L.P. now owns 84,843 shares of the business services provider’s stock valued at $3,542,000 after buying an additional 9,733 shares during 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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