ServiceMaster Global Holdings Inc. (NYSE:SERV) was downgraded by equities researchers at Nomura from a “neutral” rating to a “reduce” rating in a research note issued on Monday. They currently have a $31.00 target price on the stock, down from their previous target price of $36.00. Nomura’s price objective indicates a potential downside of 9.46% from the company’s previous close.

SERV has been the subject of a number of other reports. TheStreet downgraded ServiceMaster Global Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. Morgan Stanley started coverage on ServiceMaster Global Holdings in a research note on Monday, August 1st. They set an “overweight” rating and a $45.00 price target for the company. Zacks Investment Research upgraded ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, May 28th. Finally, Piper Jaffray Cos. restated an “overweight” rating and set a $47.00 price target (down from $49.00) on shares of ServiceMaster Global Holdings in a research note on Tuesday, June 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. ServiceMaster Global Holdings has a consensus rating of “Hold” and an average price target of $42.86.

Analyst Recommendations for ServiceMaster Global Holdings (NYSE:SERV)

Shares of ServiceMaster Global Holdings (NYSE:SERV) opened at 34.24 on Monday. The company has a 50-day moving average of $37.05 and a 200-day moving average of $37.88. The stock has a market capitalization of $4.64 billion, a P/E ratio of 38.78 and a beta of 1.09. ServiceMaster Global Holdings has a 52 week low of $32.10 and a 52 week high of $42.21.

ServiceMaster Global Holdings (NYSE:SERV) last issued its earnings results on Thursday, July 28th. The company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. ServiceMaster Global Holdings had a return on equity of 46.00% and a net margin of 4.55%. The business earned $747 million during the quarter, compared to analyst estimates of $767.40 million. During the same quarter in the previous year, the firm earned $0.60 EPS. ServiceMaster Global Holdings’s revenue was up 4.3% on a year-over-year basis. On average, analysts anticipate that ServiceMaster Global Holdings will post $2.06 EPS for the current year.

In other ServiceMaster Global Holdings news, SVP James T. Lucke sold 5,199 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $38.00, for a total value of $197,562.00. Following the completion of the transaction, the senior vice president now directly owns 5,000 shares in the company, valued at approximately $190,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James T. Lucke sold 10,801 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $37.68, for a total value of $406,981.68. Following the completion of the transaction, the senior vice president now owns 10,199 shares of the company’s stock, valued at $384,298.32. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Stifel Financial Corp acquired a new position in ServiceMaster Global Holdings during the fourth quarter valued at $2,199,000. Norges Bank acquired a new position in ServiceMaster Global Holdings during the fourth quarter valued at $13,172,000. Glenmede Trust Co. NA increased its position in ServiceMaster Global Holdings by 35.4% in the first quarter. Glenmede Trust Co. NA now owns 541,384 shares of the company’s stock valued at $20,398,000 after buying an additional 141,482 shares during the last quarter. Three Peaks Capital Management LLC increased its position in ServiceMaster Global Holdings by 9.8% in the first quarter. Three Peaks Capital Management LLC now owns 307,812 shares of the company’s stock valued at $11,598,000 after buying an additional 27,494 shares during the last quarter. Finally, Manchester Capital Management LLC acquired a new position in ServiceMaster Global Holdings during the first quarter valued at $122,000.

About ServiceMaster Global Holdings

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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