ServiceMaster Global Holdings, Inc. (SERV) Given Average Recommendation of “Buy” by Brokerages

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.

Analyst Recommendations for ServiceMaster Global Holdings (NYSE:SERV)

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