Servicemaster Global (SERV) Rating Increased to Buy at Nomura

Nomura upgraded shares of Servicemaster Global (NYSE:SERV) from a reduce rating to a buy rating in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. Nomura currently has $69.00 price objective on the business services provider’s stock, up from their previous price objective of $39.00.

A number of other research firms have also weighed in on SERV. Morgan Stanley increased their target price on Servicemaster Global from $60.00 to $65.00 and gave the stock an overweight rating in a research note on Wednesday, January 31st. William Blair began coverage on Servicemaster Global in a research note on Monday, January 29th. They issued an outperform rating on the stock. Royal Bank of Canada increased their target price on Servicemaster Global to $52.00 and gave the stock a sector perform rating in a research note on Friday, January 19th. They noted that the move was a valuation call. Zacks Investment Research upgraded Servicemaster Global from a hold rating to a buy rating and set a $59.00 target price on the stock in a research note on Friday, February 2nd. Finally, Instinet upgraded Servicemaster Global from a reduce rating to a buy rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $53.67.

Shares of Servicemaster Global (SERV) opened at $54.74 on Thursday. 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 has a 52 week low of $36.34 and a 52 week high of $55.36. The firm has a market capitalization of $7,390.00, a price-to-earnings ratio of 31.64 and a beta of 0.93.

In other news, SVP James T. Lucke sold 21,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $50.24, for a total transaction of $1,055,040.00. Following the transaction, the senior vice president now owns 21,000 shares in the company, valued at $1,055,040. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mary Kay Wegner sold 1,256 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $50.29, for a total value of $63,164.24. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in shares of Servicemaster Global by 5.9% during the third quarter. Wells Fargo & Company MN now owns 121,043 shares of the business services provider’s stock valued at $5,656,000 after buying an additional 6,742 shares during the period. Longview Partners Guernsey LTD grew its stake in Servicemaster Global by 4.6% in the third quarter. Longview Partners Guernsey LTD now owns 9,490,981 shares of the business services provider’s stock valued at $443,514,000 after purchasing an additional 417,782 shares during the last quarter. Beacon Investment Advisory Services Inc. purchased a new position in Servicemaster Global in the third quarter valued at about $5,916,000. Canada Pension Plan Investment Board grew its stake in Servicemaster Global by 189.8% in the third quarter. Canada Pension Plan Investment Board now owns 34,200 shares of the business services provider’s stock valued at $1,598,000 after purchasing an additional 22,400 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in Servicemaster Global by 653.6% in the second quarter. Royal Bank of Canada now owns 7,950 shares of the business services provider’s stock valued at $311,000 after purchasing an additional 6,895 shares during the last quarter.

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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.

Analyst Recommendations for Servicemaster Global (NYSE:SERV)

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