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.

Analyst Recommendations for ServiceMaster Global Holdings (NYSE:SERV)

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