ServiceMaster Global Holdings, Inc. (SERV) Downgraded by Zacks Investment Research to Hold

ServiceMaster Global Holdings, Inc. (NYSE:SERV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday, October 25th.

According to Zacks, “ServiceMaster Global Holdings, Inc. provides outsourcing services for residential and commercial customers. The company’s brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec. ServiceMaster. It offers lawn care and landscape maintenance, termite and pest control, home warranties, disaster response and reconstruction, cleaning and disaster restoration, house cleaning, furniture repair, and home inspection services. ServiceMaster Global Holdings, Inc. is headquartered in Memphis, Tennessee. “



Several other research firms have also recently weighed in on SERV. Morgan Stanley upped their price target on shares of ServiceMaster Global Holdings from $49.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday, September 28th. Robert W. Baird reaffirmed a “hold” rating and issued a $51.00 price target on shares of ServiceMaster Global Holdings in a report on Tuesday, September 12th. BidaskClub cut shares of ServiceMaster Global Holdings from a “hold” rating to a “sell” rating in a report on Friday, October 13th. CIBC assumed coverage on shares of ServiceMaster Global Holdings in a report on Wednesday, September 20th. They issued an “outperform” rating and a $55.00 price target on the stock. Finally, Oppenheimer Holdings, Inc. assumed coverage on shares of ServiceMaster Global Holdings in a report on Wednesday, September 20th. They issued an “outperform” rating and a $55.00 price target on the stock. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $48.75.

Shares of ServiceMaster Global Holdings (NYSE SERV) traded down $0.26 during mid-day trading on Wednesday, reaching $46.91. 549,900 shares of the company’s stock were exchanged, compared to its average volume of 951,844. 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 Holdings has a 1-year low of $35.25 and a 1-year high of $48.48. The company has a market cap of $6,369.30, a PE ratio of 21.44 and a beta of 1.00.

ServiceMaster Global Holdings (NYSE:SERV) last issued its earnings results on Tuesday, October 31st. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. ServiceMaster Global Holdings had a net margin of 8.16% and a return on equity of 40.22%. The business had revenue of $797.00 million for the quarter, compared to analysts’ expectations of $795.41 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. analysts forecast that ServiceMaster Global Holdings will post 2.09 EPS for the current fiscal year.

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In other news, insider Mary Kay Wegner sold 6,562 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $47.13, for a total transaction of $309,267.06. Following the completion of the sale, the insider now directly owns 6,562 shares in the company, valued at $309,267.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Timothy M. Haynes sold 5,000 shares of the stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $45.90, for a total transaction of $229,500.00. Following the sale, the insider now owns 22,335 shares of the company’s stock, valued at $1,025,176.50. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of SERV. Janus Henderson Group PLC purchased a new stake in shares of ServiceMaster Global Holdings during the second quarter worth about $568,959,000. BlackRock Inc. boosted its holdings in shares of ServiceMaster Global Holdings by 31,635.5% during the first quarter. BlackRock Inc. now owns 5,574,344 shares of the business services provider’s stock worth $232,730,000 after purchasing an additional 5,556,779 shares during the period. Atlanta Capital Management Co. L L C boosted its holdings in shares of ServiceMaster Global Holdings by 42.7% during the second quarter. Atlanta Capital Management Co. L L C now owns 5,196,144 shares of the business services provider’s stock worth $203,636,000 after purchasing an additional 1,554,084 shares during the period. Frontier Capital Management Co. LLC purchased a new stake in shares of ServiceMaster Global Holdings during the third quarter worth about $54,170,000. Finally, Schroder Investment Management Group boosted its holdings in shares of ServiceMaster Global Holdings by 225.8% during the second quarter. Schroder Investment Management Group now owns 1,659,624 shares of the business services provider’s stock worth $64,974,000 after purchasing an additional 1,150,259 shares during the period.

ServiceMaster Global Holdings 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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Analyst Recommendations for ServiceMaster Global Holdings (NYSE:SERV)

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