ServiceMaster Global Holdings Inc. (NYSE:SERV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

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 equities analysts have also commented on the stock. Morgan Stanley set a $45.00 target price on shares of ServiceMaster Global Holdings and gave the stock a “buy” rating in a research report on Wednesday, September 21st. Nomura lowered shares of ServiceMaster Global Holdings from a “neutral” rating to a “reduce” rating and reduced their target price for the stock from $36.00 to $31.00 in a research report on Monday, September 19th. Finally, TheStreet lowered shares of ServiceMaster Global Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.86.

Analyst Recommendations for ServiceMaster Global Holdings (NYSE:SERV)

ServiceMaster Global Holdings (NYSE:SERV) opened at 38.38 on Wednesday. The company has a market capitalization of $5.17 billion, a PE ratio of 37.59 and a beta of 1.06. The company has a 50-day moving average price of $35.60 and a 200 day moving average price of $37.13. ServiceMaster Global Holdings has a 52-week low of $32.41 and a 52-week high of $42.21.

ServiceMaster Global Holdings (NYSE:SERV) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.59 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.59. The business earned $758 million during the quarter, compared to the consensus estimate of $758 million. ServiceMaster Global Holdings had a net margin of 5.23% and a return on equity of 44.95%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. Equities research analysts anticipate that ServiceMaster Global Holdings will post $2.00 earnings per share for the current year.

In other ServiceMaster Global Holdings news, CEO Robert J. Gillette sold 343,750 shares of ServiceMaster Global Holdings stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $36.42, for a total value of $12,519,375.00. Following the transaction, the chief executive officer now directly owns 294,365 shares of the company’s stock, valued at $10,720,773.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert J. Gillette sold 150,000 shares of ServiceMaster Global Holdings stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $36.47, for a total transaction of $5,470,500.00. Following the completion of the transaction, the chief executive officer now directly owns 294,365 shares in the company, valued at $10,735,491.55. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC raised its position 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 in the last quarter. First Manhattan Co. purchased a new position in ServiceMaster Global Holdings during the second quarter valued at about $125,000. The Manufacturers Life Insurance Company purchased a new position in ServiceMaster Global Holdings during the third quarter valued at about $131,000. American International Group Inc. raised its position 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in ServiceMaster Global Holdings by 14.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,158 shares of the company’s stock valued at $140,000 after buying an additional 528 shares in the last quarter.

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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.

5 Day Chart for NYSE:SERV

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