Royal Bank Of Canada restated their buy rating on shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) in a research note released on Friday morning. The firm currently has a $44.00 price objective on the business services provider’s stock.

Other analysts also recently issued research reports about the company. Instinet lifted their target price on ServiceMaster Global Holdings from $30.00 to $32.00 and gave the company a reduce rating in a research note on Thursday, May 25th. BidaskClub downgraded ServiceMaster Global Holdings from a hold rating to a sell rating in a research note on Thursday, July 27th. Morgan Stanley reaffirmed an overweight rating and set a $48.00 target price on shares of ServiceMaster Global Holdings in a research note on Friday, June 23rd. Robert W. Baird reaffirmed a hold rating and set a $51.00 target price on shares of ServiceMaster Global Holdings in a research note on Tuesday, September 12th. Finally, Credit Suisse Group reaffirmed an outperform rating and set a $52.00 target price (up previously from $47.00) on shares of ServiceMaster Global Holdings in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $44.50.

Shares of ServiceMaster Global Holdings (NYSE:SERV) opened at 46.68 on Friday. The stock’s 50 day moving average price is $45.33 and its 200 day moving average price is $40.92. The stock has a market cap of $6.23 billion, a PE ratio of 28.46 and a beta of 1.04. ServiceMaster Global Holdings has a 1-year low of $32.41 and a 1-year high of $47.52.

ServiceMaster Global Holdings (NYSE:SERV) last announced its quarterly earnings results on Monday, July 31st. The business services provider reported $0.69 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.69. The business had revenue of $807.00 million for the quarter, compared to the consensus estimate of $806.64 million. ServiceMaster Global Holdings had a return on equity of 40.74% and a net margin of 7.92%. The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS. On average, equities research analysts anticipate that ServiceMaster Global Holdings will post $2.04 EPS for the current fiscal year.

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In other news, CEO Robert J. Gillette sold 1,142,961 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $42.58, for a total value of $48,667,279.38. Following the sale, the chief executive officer now owns 642,022 shares of the company’s stock, valued at approximately $27,337,296.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy M. Haynes sold 5,000 shares of the business’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $45.90, for a total value of $229,500.00. Following the completion of the sale, the insider now directly owns 22,335 shares in the company, valued at approximately $1,025,176.50. The disclosure for this sale can be found here. Insiders sold a total of 1,225,655 shares of company stock worth $52,344,228 in the last three months. Company insiders own 1.20% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of ServiceMaster Global Holdings in the 1st quarter worth $100,000. FNY Partners Fund LP bought a new stake in shares of ServiceMaster Global Holdings in the 1st quarter worth $104,000. The Manufacturers Life Insurance Company raised its stake in shares of ServiceMaster Global Holdings by 18.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,529 shares of the business services provider’s stock worth $177,000 after buying an additional 708 shares in the last quarter. Cannell Capital LLC bought a new stake in shares of ServiceMaster Global Holdings in the 1st quarter worth $179,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of ServiceMaster Global Holdings by 117.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,559 shares of the business services provider’s stock worth $179,000 after buying an additional 2,466 shares in the last quarter.

About ServiceMaster Global Holdings

ServiceMaster Global Holdings, Inc is a provider of essential residential and commercial services. The Company operates through three segments: Terminix, American Home Shield and the Franchise Services Group. Its portfolio of brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec.

Analyst Recommendations for ServiceMaster Global Holdings (NYSE:SERV)

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