Stock analysts at Oppenheimer Holdings, Inc. began coverage on shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) in a report issued on Wednesday. The firm set an “outperform” rating and a $55.00 price target on the business services provider’s stock. Oppenheimer Holdings, Inc.’s price objective indicates a potential upside of 13.80% from the company’s previous close.

Several other research analysts have also recently commented on the stock. Royal Bank Of Canada restated a “buy” rating and set a $44.00 target price on shares of ServiceMaster Global Holdings in a report on Tuesday, June 27th. Robert W. Baird restated a “hold” rating and set a $51.00 target price on shares of ServiceMaster Global Holdings in a report on Tuesday, September 12th. BidaskClub upgraded shares of ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Credit Suisse Group restated an “outperform” rating and set a $52.00 target price (up previously from $47.00) on shares of ServiceMaster Global Holdings in a report on Tuesday, August 1st. Finally, Rowe started coverage on shares of ServiceMaster Global Holdings in a report on Tuesday. They set an “outperform” rating and a $55.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. ServiceMaster Global Holdings currently has a consensus rating of “Buy” and a consensus price target of $49.00.

Shares of ServiceMaster Global Holdings (NYSE:SERV) opened at 47.84 on Wednesday. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 29.17 and a beta of 1.04. ServiceMaster Global Holdings has a 52 week low of $32.41 and a 52 week high of $48.29. The firm’s 50 day moving average is $45.60 and its 200-day moving average is $41.04.

ServiceMaster Global Holdings (NYSE:SERV) last issued its quarterly earnings data on Monday, July 31st. The business services provider reported $0.69 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.69. ServiceMaster Global Holdings had a net margin of 7.92% and a return on equity of 40.74%. The company had revenue of $807.00 million during the quarter, compared to the consensus estimate of $806.64 million. During the same quarter in the prior year, the firm earned $0.67 earnings per share. The firm’s revenue was up 8.0% compared to the same quarter last year. Equities research analysts predict that ServiceMaster Global Holdings will post $2.04 EPS for the current year.

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In other ServiceMaster Global Holdings news, insider Timothy M. Haynes sold 5,000 shares of the stock in a transaction on Friday, August 25th. The shares were 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 owns 22,335 shares in the company, valued at $1,025,176.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP James T. Lucke sold 9,230 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $43.77, for a total transaction of $403,997.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,225,655 shares of company stock valued at $52,344,228. Corporate insiders own 1.20% of the company’s stock.

A number of hedge funds have recently made changes to their positions in SERV. SG Americas Securities LLC acquired a new stake in ServiceMaster Global Holdings in the first quarter valued at $100,000. FNY Partners Fund LP acquired a new stake in ServiceMaster Global Holdings in the first quarter valued at $104,000. The Manufacturers Life Insurance Company lifted its stake in ServiceMaster Global Holdings by 18.5% in the second quarter. The Manufacturers Life Insurance Company now owns 4,529 shares of the business services provider’s stock valued at $177,000 after acquiring an additional 708 shares during the last quarter. Cannell Capital LLC acquired a new stake in ServiceMaster Global Holdings in the first quarter valued at $179,000. Finally, BNP Paribas Arbitrage SA lifted its stake in ServiceMaster Global Holdings by 117.8% in the second quarter. BNP Paribas Arbitrage SA now owns 4,559 shares of the business services provider’s stock valued at $179,000 after acquiring an additional 2,466 shares during the last quarter.

ServiceMaster Global Holdings Company Profile

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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