ServiceMaster Global Holdings Inc. (SERV) Upgraded to Hold at Zacks Investment Research
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. “
A number of other research analysts have also recently issued reports on the stock. Morgan Stanley set a $45.00 price objective on shares of ServiceMaster Global Holdings and gave the company a buy rating in a report on Wednesday, September 21st. Nomura cut shares of ServiceMaster Global Holdings from a neutral rating to a reduce rating and reduced their price objective for the company from $36.00 to $31.00 in a report on Monday, September 19th. Finally, TheStreet cut shares of ServiceMaster Global Holdings from a buy rating to a hold rating in a report on Tuesday, August 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $42.86.
Shares of ServiceMaster Global Holdings (NYSE:SERV) traded up 0.19% during midday trading on Thursday, hitting $37.34. 65,081 shares of the stock were exchanged. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 36.57 and a beta of 1.06. The firm’s 50 day moving average is $35.12 and its 200-day moving average is $37.10. ServiceMaster Global Holdings has a 1-year low of $32.41 and a 1-year high of $42.21.
ServiceMaster Global Holdings (NYSE:SERV) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.59. The firm earned $758 million during the quarter, compared to analysts’ expectations of $758 million. ServiceMaster Global Holdings had a net margin of 5.23% and a return on equity of 44.95%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the company earned $0.54 earnings per share. On average, analysts predict that ServiceMaster Global Holdings will post $2.01 EPS for the current year.
In other news, CEO Robert J. Gillette sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $36.47, for a total value of $5,470,500.00. Following the completion of the sale, the chief executive officer now directly owns 294,365 shares in the company, valued at approximately $10,735,491.55. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert J. Gillette sold 343,750 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $36.42, for a total transaction of $12,519,375.00. Following the completion of the sale, the chief executive officer now owns 294,365 shares of the company’s stock, valued at $10,720,773.30. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the company. Checchi Capital Advisers LLC raised its stake in shares of 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 worth $122,000 after buying an additional 3,012 shares during the last quarter. First Manhattan Co. acquired a new stake in shares of ServiceMaster Global Holdings during the second quarter worth $125,000. American International Group Inc. raised its stake in shares of ServiceMaster Global Holdings by 16.6% in the second quarter. American International Group Inc. now owns 3,342 shares of the company’s stock worth $133,000 after buying an additional 475 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of ServiceMaster Global Holdings during the third quarter worth $131,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of ServiceMaster Global Holdings by 14.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,158 shares of the company’s stock worth $140,000 after buying an additional 528 shares during the last quarter.
ServiceMaster Global Holdings Company Profile
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.
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