Zacks Investment Research Lowers ServiceMaster (SERV) to Hold

Zacks Investment Research lowered shares of ServiceMaster (NYSE:SERV) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

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. “

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A number of other brokerages have also commented on SERV. Nomura lowered their price target on ServiceMaster from $69.00 to $67.00 and set a buy rating on the stock in a report on Wednesday, February 28th. Instinet raised ServiceMaster from a reduce rating to a buy rating in a report on Thursday, February 15th. ValuEngine raised ServiceMaster from a hold rating to a buy rating in a report on Thursday, March 1st. William Blair started coverage on ServiceMaster in a report on Monday, January 29th. They set an outperform rating on the stock. Finally, Morgan Stanley raised their price target on ServiceMaster from $60.00 to $65.00 and gave the company an overweight rating in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $53.45.

Shares of NYSE SERV opened at $50.82 on Wednesday. ServiceMaster has a 1-year low of $36.34 and a 1-year high of $55.36. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 2.26. The firm has a market capitalization of $6,981.15, a price-to-earnings ratio of 24.46 and a beta of 0.95.

ServiceMaster (NYSE:SERV) last issued its earnings results on Tuesday, February 27th. The business services provider reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. ServiceMaster had a return on equity of 33.21% and a net margin of 17.51%. The firm had revenue of $666.00 million for the quarter, compared to analyst estimates of $665.27 million. During the same period last year, the company earned $0.44 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. sell-side analysts anticipate that ServiceMaster will post 2.57 EPS for the current fiscal year.

In other news, Director Naren K. Gursahaney bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The stock was acquired at an average price of $50.20 per share, with a total value of $100,400.00. Following the completion of the purchase, the director now directly owns 2,976 shares of the company’s stock, valued at approximately $149,395.20. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Marvin Davis sold 4,743 shares of the firm’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $49.57, for a total value of $235,110.51. Following the transaction, the insider now directly owns 7,959 shares of the company’s stock, valued at approximately $394,527.63. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Cerebellum GP LLC acquired a new position in shares of ServiceMaster in the 4th quarter valued at $131,000. Advisory Services Network LLC acquired a new position in shares of ServiceMaster in the 4th quarter valued at $153,000. American International Group Inc. acquired a new position in shares of ServiceMaster in the 4th quarter valued at $163,000. The Manufacturers Life Insurance Company boosted its position in shares of ServiceMaster by 18.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,529 shares of the business services provider’s stock valued at $177,000 after purchasing an additional 708 shares during the period. Finally, M&T Bank Corp acquired a new position in shares of ServiceMaster in the 4th quarter valued at $214,000.

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ServiceMaster 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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