ServiceMaster Global Holdings, Inc. (SERV) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) from a sell rating to a strong sell rating in a research note published on Saturday, November 4th.

Several other research firms have also recently issued reports on SERV. Robert W. Baird reissued a hold rating and issued a $51.00 target price on shares of ServiceMaster Global Holdings in a research report on Tuesday, September 12th. Zacks Investment Research lowered shares of ServiceMaster Global Holdings from a buy rating to a hold rating in a report on Wednesday, October 25th. Royal Bank Of Canada cut their price target on shares of ServiceMaster Global Holdings from $44.00 to $43.00 and set a sector perform rating on the stock in a report on Wednesday, November 1st. Oppenheimer Holdings, Inc. began coverage on shares of ServiceMaster Global Holdings in a research note on Wednesday, September 20th. They set an outperform rating and a $55.00 price objective on the stock. Finally, Morgan Stanley set a $52.00 price objective on shares of ServiceMaster Global Holdings and gave the company a buy rating in a research note on Monday, October 23rd. Three equities 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 company currently has an average rating of Hold and an average price target of $49.00.

Shares of ServiceMaster Global Holdings (NYSE:SERV) traded down $0.21 during midday trading on Friday, reaching $47.16. 482,900 shares of the company were exchanged, compared to its average volume of 942,260. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.99 and a current ratio of 1.03. ServiceMaster Global Holdings has a 12-month low of $36.34 and a 12-month high of $48.48. The firm has a market cap of $6,396.31, a PE ratio of 21.53 and a beta of 1.00.

ServiceMaster Global Holdings (NYSE:SERV) last released its earnings results on Tuesday, October 31st. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 period last year, the company earned $0.59 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. analysts predict that ServiceMaster Global Holdings will post 2.09 earnings per share for the current year.

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In other ServiceMaster Global Holdings news, insider Mary Kay Wegner sold 6,562 shares of ServiceMaster Global Holdings stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $47.13, for a total value of $309,267.06. Following the completion of the transaction, the insider now owns 6,562 shares of the company’s stock, valued at $309,267.06. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO John Patrick Mullen sold 3,646 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $46.47, for a total transaction of $169,429.62. Following the transaction, the chief accounting officer now directly owns 3,280 shares of the company’s stock, valued at approximately $152,421.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,208 shares of company stock valued at $708,197. 1.20% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC bought a new stake in shares of ServiceMaster Global Holdings during the second quarter valued at about $568,959,000. Vanguard Group Inc. raised its stake in shares of ServiceMaster Global Holdings by 1.0% during the second quarter. Vanguard Group Inc. now owns 10,535,475 shares of the business services provider’s stock valued at $412,885,000 after purchasing an additional 99,374 shares in the last quarter. Longview Partners Guernsey LTD raised its stake in shares of ServiceMaster Global Holdings by 4.6% during 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 in the last quarter. Capital Research Global Investors raised its stake in shares of ServiceMaster Global Holdings by 4.4% during the second quarter. Capital Research Global Investors now owns 9,228,000 shares of the business services provider’s stock valued at $361,645,000 after purchasing an additional 393,000 shares in the last quarter. Finally, BlackRock Inc. raised its stake 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 valued at $232,730,000 after purchasing an additional 5,556,779 shares in the last quarter.

About ServiceMaster Global Holdings

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 Holdings (NYSE:SERV)

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