Servicemaster Global (SERV) Lowered to Sell at Zacks Investment Research

Servicemaster Global (NYSE:SERV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday.

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 equities research analysts have also issued reports on SERV. Morgan Stanley decreased their price target on shares of Servicemaster Global from $64.00 to $62.00 and set a “$57.21” rating for the company in a research note on Wednesday. Nomura restated a “$57.21” rating and set a $70.00 price target on shares of Servicemaster Global in a research note on Wednesday. Gabelli started coverage on shares of Servicemaster Global in a research note on Thursday, July 12th. They set a “buy” rating for the company. Oppenheimer lifted their price objective on shares of Servicemaster Global from $55.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, May 2nd. Finally, Buckingham Research started coverage on shares of Servicemaster Global in a research note on Wednesday, May 9th. They issued a “buy” rating and a $64.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $58.10.

Shares of SERV stock opened at $57.71 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 2.16. Servicemaster Global has a 12-month low of $39.14 and a 12-month high of $62.27. The company has a market cap of $7.75 billion, a PE ratio of 27.35 and a beta of 0.99.

Servicemaster Global (NYSE:SERV) last issued its quarterly earnings results on Tuesday, May 1st. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. Servicemaster Global had a net margin of 17.33% and a return on equity of 28.91%. The company had revenue of $675.00 million during the quarter, compared to analyst estimates of $663.04 million. During the same quarter last year, the business posted $0.34 EPS. Servicemaster Global’s quarterly revenue was up 5.0% compared to the same quarter last year. equities analysts forecast that Servicemaster Global will post 2.49 earnings per share for the current fiscal year.

In related news, SVP Susan Hunsberger sold 61,716 shares of Servicemaster Global stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $57.23, for a total value of $3,532,006.68. Following the completion of the transaction, the senior vice president now directly owns 44,979 shares in the company, valued at approximately $2,574,148.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy M. Haynes sold 55,363 shares of Servicemaster Global stock in a transaction that occurred on Thursday, May 3rd. The shares were sold at an average price of $53.18, for a total transaction of $2,944,204.34. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Fred Alger Management Inc. grew its stake in Servicemaster Global by 31.7% in the 2nd quarter. Fred Alger Management Inc. now owns 571,563 shares of the business services provider’s stock valued at $33,991,000 after buying an additional 137,541 shares in the last quarter. Amalgamated Bank boosted its holdings in Servicemaster Global by 10.6% in the 2nd quarter. Amalgamated Bank now owns 31,726 shares of the business services provider’s stock valued at $1,887,000 after purchasing an additional 3,029 shares during the period. Boston Advisors LLC bought a new position in Servicemaster Global in the 2nd quarter valued at $22,351,000. Pendal Group Ltd boosted its holdings in Servicemaster Global by 12.8% in the 2nd quarter. Pendal Group Ltd now owns 30,146 shares of the business services provider’s stock valued at $1,793,000 after purchasing an additional 3,424 shares during the period. Finally, Bank of Montreal Can boosted its holdings in Servicemaster Global by 5.9% in the 2nd quarter. Bank of Montreal Can now owns 132,973 shares of the business services provider’s stock valued at $7,908,000 after purchasing an additional 7,363 shares during the period.

About Servicemaster Global

ServiceMaster Global Holdings, Inc provides residential and commercial services in the United States. The company operates through three segments: Terminix, American Home Shield, and the Franchise Services Group. The Terminix segment offers termite and pest control services, including termite remediation, annual termite inspection, and prevention treatments with damage claim guarantees, periodic pest control services, insulation services, mosquito control, crawlspace encapsulation, and wildlife exclusion.

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