Servicemaster Global (NYSE:SERV) Stock Rating Lowered by Zacks Investment Research

Servicemaster Global (NYSE:SERV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

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. “

Other research analysts have also issued reports about the company. Bank of America lowered their target price on Servicemaster Global from $50.00 to $42.00 and set an “underperform” rating for the company in a research report on Wednesday, October 23rd. Royal Bank of Canada lowered their target price on Servicemaster Global to $54.00 and set an “outperform” rating for the company in a research report on Wednesday. Morgan Stanley increased their price target on Servicemaster Global from $54.00 to $57.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Buckingham Research reiterated a “neutral” rating and set a $45.00 price target (down from $61.00) on shares of Servicemaster Global in a report on Friday, October 25th. Finally, Nomura reiterated a “buy” rating and set a $62.00 price target on shares of Servicemaster Global in a report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Servicemaster Global has an average rating of “Hold” and an average target price of $52.63.

Shares of SERV traded down $1.05 during trading hours on Friday, reaching $35.60. The stock had a trading volume of 32,701 shares, compared to its average volume of 1,635,375. Servicemaster Global has a 12 month low of $34.28 and a 12 month high of $58.78. The stock has a market capitalization of $4.98 billion, a PE ratio of 37.67, a PEG ratio of 1.64 and a beta of 0.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.09 and a current ratio of 1.17. The company’s 50-day moving average is $50.86 and its two-hundred day moving average is $53.11.

Servicemaster Global (NYSE:SERV) last announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.31 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.31. Servicemaster Global had a positive return on equity of 7.97% and a negative net margin of 4.64%. The company had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $528.05 million. During the same period in the prior year, the company earned $0.24 EPS. Servicemaster Global’s revenue was up 6.5% compared to the same quarter last year. Equities analysts anticipate that Servicemaster Global will post 1.33 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Cullen Frost Bankers Inc. acquired a new position in Servicemaster Global during the 2nd quarter valued at about $32,000. Tobam acquired a new position in Servicemaster Global during the 2nd quarter valued at about $49,000. Tower Research Capital LLC TRC boosted its stake in Servicemaster Global by 2,014.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,205 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 1,148 shares during the last quarter. Quantamental Technologies LLC acquired a new position in Servicemaster Global during the 2nd quarter valued at about $83,000. Finally, AdvisorNet Financial Inc boosted its stake in Servicemaster Global by 84.1% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,657 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 757 shares during the last quarter.

Servicemaster Global Company Profile

ServiceMaster Global Holdings, Inc provides services to residential and commercial customers in the termite, pest control, cleaning, and restoration markets in all 50 states and the District of Columbia. The company operates through two segments, Terminix and ServiceMaster Brands. 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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