Shares of Servicemaster Global Holdings Inc (NYSE:SERV) have been assigned an average rating of “Hold” from the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $49.25.
A number of brokerages have commented on SERV. TheStreet downgraded shares of Servicemaster Global from a “b+” rating to a “c” rating in a research report on Friday, November 15th. Bank of America dropped their price objective on shares of Servicemaster Global from $50.00 to $42.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Servicemaster Global from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Jefferies Financial Group began coverage on shares of Servicemaster Global in a research report on Wednesday, November 27th. They issued a “buy” rating and a $43.00 price objective on the stock. Finally, ValuEngine downgraded shares of Servicemaster Global from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th.
In related news, Director Steven B. Hochhauser bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were purchased at an average cost of $35.01 per share, with a total value of $70,020.00. Following the transaction, the director now directly owns 7,723 shares of the company’s stock, valued at approximately $270,382.23. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.23% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in shares of Servicemaster Global by 18.3% in the 2nd quarter. BlackRock Inc. now owns 6,928,643 shares of the business services provider’s stock worth $360,913,000 after acquiring an additional 1,071,317 shares during the period. Morgan Stanley lifted its stake in shares of Servicemaster Global by 17.9% in the second quarter. Morgan Stanley now owns 5,238,989 shares of the business services provider’s stock valued at $272,899,000 after purchasing an additional 795,651 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of Servicemaster Global in the second quarter valued at about $37,623,000. Select Equity Group L.P. lifted its stake in shares of Servicemaster Global by 4.8% in the third quarter. Select Equity Group L.P. now owns 8,731,036 shares of the business services provider’s stock valued at $488,065,000 after purchasing an additional 400,762 shares during the period. Finally, Pictet Asset Management Ltd. lifted its stake in shares of Servicemaster Global by 17.6% in the second quarter. Pictet Asset Management Ltd. now owns 1,134,976 shares of the business services provider’s stock valued at $59,121,000 after purchasing an additional 169,670 shares during the period.
Shares of SERV opened at $38.49 on Friday. Servicemaster Global has a fifty-two week low of $33.53 and a fifty-two week high of $58.78. The firm’s 50 day moving average price is $37.61 and its 200 day moving average price is $49.54. The company has a market cap of $5.22 billion, a P/E ratio of 40.52, a PEG ratio of 1.72 and a beta of 0.46. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.65.
Servicemaster Global (NYSE:SERV) last announced its earnings results on Tuesday, November 5th. The business services provider reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. Servicemaster Global had a negative net margin of 4.64% and a positive return on equity of 7.91%. The firm had revenue of $528.00 million for the quarter, compared to the consensus estimate of $528.05 million. During the same period in the prior year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. Research analysts forecast that Servicemaster Global will post 1.33 earnings per share for the current year.
About Servicemaster Global
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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