Servicemaster Global (SERV) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Servicemaster Global (NYSE:SERV) from a strong sell rating to a hold rating in a research note published 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. “

A number of other analysts have also issued reports on the company. Morgan Stanley set a $61.00 price objective on Servicemaster Global and gave the company a buy rating in a research note on Thursday, September 13th. Stifel Nicolaus boosted their price objective on Servicemaster Global from $40.00 to $45.00 and gave the company a buy rating in a research note on Wednesday, October 3rd. They noted that the move was a valuation call. Nomura boosted their price objective on Servicemaster Global from $48.20 to $53.00 and gave the company a buy rating in a research note on Wednesday, October 10th. William Blair reiterated a buy rating on shares of Servicemaster Global in a research note on Tuesday, September 11th. Finally, Robert W. Baird set a $45.00 price objective on Servicemaster Global and gave the company a hold rating in a research note on Tuesday, October 2nd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $47.00.

NYSE:SERV opened at $42.46 on Wednesday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.09 and a current ratio of 1.15. Servicemaster Global has a 52-week low of $32.89 and a 52-week high of $45.64. The firm has a market cap of $5.82 billion, a P/E ratio of 20.12, a P/E/G ratio of 1.98 and a beta of 0.81.

Servicemaster Global (NYSE:SERV) last released its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.12). Servicemaster Global had a net margin of 16.61% and a return on equity of 23.65%. The company had revenue of $873.00 million for the quarter, compared to the consensus estimate of $865.00 million. During the same quarter in the previous year, the firm posted $0.73 earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Research analysts forecast that Servicemaster Global will post 2.11 earnings per share for the current year.

In other Servicemaster Global news, insider Matthew Stevenson sold 2,562 shares of the company’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $44.20, for a total value of $113,240.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.20% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in SERV. BNP Paribas Arbitrage SA increased its stake in Servicemaster Global by 915.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,627 shares of the business services provider’s stock worth $335,000 after acquiring an additional 5,073 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Servicemaster Global by 9.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 299,886 shares of the business services provider’s stock worth $17,834,000 after acquiring an additional 27,080 shares during the last quarter. Aperio Group LLC increased its stake in Servicemaster Global by 35.3% in the 2nd quarter. Aperio Group LLC now owns 10,280 shares of the business services provider’s stock worth $611,000 after acquiring an additional 2,683 shares during the last quarter. TD Asset Management Inc. increased its stake in Servicemaster Global by 8.4% in the 2nd quarter. TD Asset Management Inc. now owns 178,000 shares of the business services provider’s stock worth $10,586,000 after acquiring an additional 13,731 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Servicemaster Global by 2.5% in the 2nd quarter. Wells Fargo & Company MN now owns 127,139 shares of the business services provider’s stock worth $7,561,000 after acquiring an additional 3,136 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Servicemaster Global Company Profile

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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