ServiceMaster Global Holdings, Inc. (SERV) Downgraded by BidaskClub

BidaskClub cut shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) from a sell rating to a strong sell rating in a report issued on Saturday, November 4th.

Several other brokerages also recently commented on SERV. Robert W. Baird restated a hold rating and set a $51.00 price objective on shares of ServiceMaster Global Holdings in a research report on Tuesday, September 12th. Zacks Investment Research downgraded shares of ServiceMaster Global Holdings from a buy rating to a hold rating in a report on Wednesday, October 25th. Royal Bank Of Canada lowered their price target on shares of ServiceMaster Global Holdings from $44.00 to $43.00 and set a sector perform rating for the company in a report on Wednesday, November 1st. Oppenheimer Holdings, Inc. began coverage on shares of ServiceMaster Global Holdings in a report on Wednesday, September 20th. They set an outperform rating and a $55.00 price target for the company. Finally, Morgan Stanley set a $52.00 price target on shares of ServiceMaster Global Holdings and gave the stock a buy rating in a report on Monday, October 23rd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $48.75.

Shares of ServiceMaster Global Holdings (NYSE SERV) opened at $46.66 on Friday. ServiceMaster Global Holdings has a 1-year low of $36.34 and a 1-year high of $48.48. The stock has a market capitalization of $6,253.17, a P/E ratio of 21.05 and a beta of 1.00. The company has a current ratio of 1.03, a quick ratio of 0.99 and a debt-to-equity ratio of 3.12.

ServiceMaster Global Holdings (NYSE:SERV) last issued its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. ServiceMaster Global Holdings had a return on equity of 40.22% and a net margin of 8.16%. The company had revenue of $797.00 million during the quarter, compared to analysts’ expectations of $795.41 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. equities research analysts expect that ServiceMaster Global Holdings will post 2.09 EPS for the current year.

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In other ServiceMaster Global Holdings news, CAO John Patrick Mullen sold 3,646 shares of the company’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 sale, the chief accounting officer now owns 3,280 shares of the company’s stock, valued at $152,421.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mary Kay Wegner sold 6,562 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $47.13, for a total transaction of $309,267.06. Following the sale, the insider now directly owns 6,562 shares in the company, valued at approximately $309,267.06. The disclosure for this sale can be found here. Insiders have sold 15,208 shares of company stock worth $708,197 in the last ninety days. Insiders own 1.20% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Teacher Retirement System of Texas raised its holdings in shares of ServiceMaster Global Holdings by 1.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 10,727 shares of the business services provider’s stock worth $420,000 after acquiring an additional 106 shares during the last quarter. Argent Capital Management LLC raised its holdings in shares of ServiceMaster Global Holdings by 2.5% in the 2nd quarter. Argent Capital Management LLC now owns 10,390 shares of the business services provider’s stock worth $407,000 after acquiring an additional 250 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of ServiceMaster Global Holdings by 7.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,599 shares of the business services provider’s stock worth $219,000 after acquiring an additional 404 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of ServiceMaster Global Holdings by 1.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 57,309 shares of the business services provider’s stock worth $2,393,000 after acquiring an additional 553 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of ServiceMaster Global Holdings by 3.0% in the 2nd quarter. Pacer Advisors Inc. now owns 19,764 shares of the business services provider’s stock worth $775,000 after acquiring an additional 572 shares during the last quarter.

ServiceMaster Global Holdings 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.

Analyst Recommendations for ServiceMaster Global Holdings (NYSE:SERV)

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