ServiceMaster Global Holdings, Inc. (SERV) Given Buy Rating at Royal Bank Of Canada
Royal Bank Of Canada reaffirmed their buy rating on shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) in a research report report published on Friday morning. The firm currently has a $44.00 price objective on the business services provider’s stock.
A number of other equities research analysts have also recently weighed in on SERV. Instinet lifted their price objective 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. Morgan Stanley reaffirmed an overweight rating and issued a $48.00 price objective on shares of ServiceMaster Global Holdings in a research note on Friday, June 23rd. BidaskClub cut ServiceMaster Global Holdings from a hold rating to a sell rating in a research note on Thursday, July 27th. Credit Suisse Group reaffirmed an outperform rating and issued a $52.00 price objective (up from $47.00) on shares of ServiceMaster Global Holdings in a research note on Tuesday, August 1st. Finally, Robert W. Baird reaffirmed a hold rating and issued a $51.00 price objective on shares of ServiceMaster Global Holdings in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. ServiceMaster Global Holdings has a consensus rating of Hold and a consensus price target of $44.50.
Shares of ServiceMaster Global Holdings (NYSE SERV) traded down 0.15% during midday trading on Friday, hitting $46.68. The company’s stock had a trading volume of 2,027,211 shares. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 28.46 and a beta of 1.04. ServiceMaster Global Holdings has a 12-month low of $32.41 and a 12-month high of $47.52. The firm has a 50-day moving average of $45.33 and a 200 day moving average of $40.92.
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 for the quarter, meeting the Zacks’ consensus estimate of $0.69. ServiceMaster Global Holdings had a return on equity of 40.74% and a net margin of 7.92%. The business had revenue of $807.00 million during the quarter, compared to analysts’ expectations of $806.64 million. During the same period in the previous year, the firm posted $0.67 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. On average, equities research analysts predict that ServiceMaster Global Holdings will post $2.04 EPS for the current fiscal year.
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In related news, insider Mary Kay Wegner sold 22,841 shares of ServiceMaster Global Holdings stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $44.40, for a total value of $1,014,140.40. Following the completion of the transaction, the insider now directly owns 5,572 shares in the company, valued at $247,396.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Timothy M. Haynes sold 5,000 shares of ServiceMaster Global Holdings stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $45.90, for a total value of $229,500.00. Following the sale, the insider now directly owns 22,335 shares of the company’s stock, valued at $1,025,176.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,225,655 shares of company stock valued at $52,344,228. 1.20% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC lifted its holdings in ServiceMaster Global Holdings by 6.9% during the 1st quarter. FMR LLC now owns 15,507,134 shares of the business services provider’s stock worth $647,423,000 after buying an additional 997,837 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in ServiceMaster Global Holdings during the 2nd quarter worth about $568,959,000. Janus Capital Management LLC lifted its holdings in ServiceMaster Global Holdings by 6.2% during the 1st quarter. Janus Capital Management LLC now owns 14,212,322 shares of the business services provider’s stock worth $593,365,000 after buying an additional 831,991 shares during the last quarter. Vanguard Group Inc. lifted its holdings in ServiceMaster Global Holdings by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 10,535,475 shares of the business services provider’s stock worth $412,885,000 after buying an additional 99,374 shares during the last quarter. Finally, Capital Research Global Investors lifted its holdings in ServiceMaster Global Holdings by 4.4% during the 2nd quarter. Capital Research Global Investors now owns 9,228,000 shares of the business services provider’s stock worth $361,645,000 after buying an additional 393,000 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.
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