ServiceMaster Global Holdings Inc. (SERV) Rating Increased to Buy at TheStreet
ServiceMaster Global Holdings Inc. (NYSE:SERV) was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a research note issued on Wednesday.
SERV has been the topic of a number of other research reports. Zacks Investment Research lowered ServiceMaster Global Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Morgan Stanley set a $45.00 price target on ServiceMaster Global Holdings and gave the company a “buy” rating in a research report on Wednesday, September 21st. Finally, Nomura reduced their price target on ServiceMaster Global Holdings from $37.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 16th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $42.86.
ServiceMaster Global Holdings (NYSE:SERV) traded up 1.69% during trading on Wednesday, reaching $39.03. The company’s stock had a trading volume of 519,142 shares. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 38.23 and a beta of 1.06. The firm has a 50 day moving average price of $35.81 and a 200-day moving average price of $37.15. 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 released its quarterly earnings results on Tuesday, October 25th. The company reported $0.59 EPS for the quarter, meeting analysts’ consensus estimates of $0.59. ServiceMaster Global Holdings had a return on equity of 44.95% and a net margin of 5.23%. The firm had revenue of $758 million for the quarter, compared to analyst estimates of $758 million. During the same quarter in the previous year, the company posted $0.54 EPS. The business’s revenue was up 7.4% on a year-over-year basis. On average, analysts expect that ServiceMaster Global Holdings will post $2.00 earnings per share for the current year.
In related news, SVP Susan Hunsberger sold 74,189 shares of the company’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $36.45, for a total transaction of $2,704,189.05. Following the sale, the senior vice president now owns 110,855 shares in the company, valued at approximately $4,040,664.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert J. Gillette sold 343,750 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 294,365 shares in the company, valued at approximately $10,720,773.30. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.
Several large investors have recently made changes to their positions in SERV. Quantitative Systematic Strategies LLC purchased a new position in ServiceMaster Global Holdings during the third quarter worth $270,000. Verition Fund Management LLC purchased a new position in ServiceMaster Global Holdings during the third quarter worth $802,000. Three Corner Global Investors LP purchased a new position in ServiceMaster Global Holdings during the third quarter worth $7,144,000. Blackstone Group L.P. purchased a new position in ServiceMaster Global Holdings during the third quarter worth $7,354,000. Finally, Highbridge Capital Management LLC increased its position in ServiceMaster Global Holdings by 123.2% in the third quarter. Highbridge Capital Management LLC now owns 65,976 shares of the company’s stock worth $2,223,000 after buying an additional 36,419 shares during the period.
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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