Zacks Investment Research downgraded shares of ServiceMaster Global Holdings Inc. (NYSE:SERV) from a hold rating to a sell rating in a report issued on Tuesday morning.

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 equities analysts also recently issued research reports about the stock. TheStreet raised shares of ServiceMaster Global Holdings from a hold rating to a buy rating in a report on Tuesday, June 28th. Morgan Stanley set a $45.00 price target on shares of ServiceMaster Global Holdings and gave the company a buy rating in a report on Wednesday, September 21st. Finally, Nomura reduced their price target on shares of ServiceMaster Global Holdings from $38.00 to $37.00 and set a neutral rating for the company in a report on Friday, July 29th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. ServiceMaster Global Holdings presently has an average rating of Hold and a consensus target price of $42.86.

Analyst Recommendations for ServiceMaster Global Holdings (NYSE:SERV)

Shares of ServiceMaster Global Holdings (NYSE:SERV) traded down 0.59% during trading on Tuesday, hitting $35.21. 212,971 shares of the stock were exchanged. ServiceMaster Global Holdings has a 12-month low of $32.41 and a 12-month high of $42.21. The stock has a 50-day moving average of $35.02 and a 200 day moving average of $37.41. The stock has a market cap of $4.77 billion, a P/E ratio of 39.88 and a beta of 1.11.

ServiceMaster Global Holdings (NYSE:SERV) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01. ServiceMaster Global Holdings had a net margin of 5.23% and a return on equity of 46.13%. The company earned $747 million during the quarter, compared to the consensus estimate of $767.40 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Equities analysts predict that ServiceMaster Global Holdings will post $2.07 earnings per share for the current fiscal year.

In other ServiceMaster Global Holdings news, SVP James T. Lucke sold 5,199 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $38.00, for a total transaction of $197,562.00. Following the sale, the senior vice president now owns 5,000 shares in the company, valued at approximately $190,000. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP James T. Lucke sold 10,801 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $37.68, for a total value of $406,981.68. Following the sale, the senior vice president now owns 10,199 shares in the company, valued at approximately $384,298.32. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the company. Checchi Capital Advisers LLC increased its stake in ServiceMaster Global Holdings by 5,105.1% in the second quarter. Checchi Capital Advisers LLC now owns 3,071 shares of the company’s stock valued at $122,000 after buying an additional 3,012 shares during the last quarter. First Manhattan Co. bought a new stake in ServiceMaster Global Holdings during the second quarter valued at about $125,000. American International Group Inc. increased its stake in ServiceMaster Global Holdings by 16.6% in the second quarter. American International Group Inc. now owns 3,342 shares of the company’s stock valued at $133,000 after buying an additional 475 shares during the last quarter. BlackRock Japan Co. Ltd increased its stake in ServiceMaster Global Holdings by 4.1% in the first quarter. BlackRock Japan Co. Ltd now owns 5,384 shares of the company’s stock valued at $203,000 after buying an additional 212 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in ServiceMaster Global Holdings during the second quarter valued at about $272,000.

About ServiceMaster Global Holdings

ServiceMaster Global Holdings, Inc is a holding company. The Company is a provider of essential residential and commercial services. Its services include termite and pest control, home warranties, disaster restoration, janitorial, residential cleaning, furniture repair and home inspection. The Company operates through three segments: Terminix, American Home Shield and the Franchise Services Group.

5 Day Chart for NYSE:SERV

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