Servicemaster Global (NYSE:SERV) had its price objective increased by equities researchers at Royal Bank of Canada to $52.00 in a research note issued to investors on Friday, The Fly reports. The brokerage presently has a “sector perform” rating on the business services provider’s stock. Royal Bank of Canada’s price objective indicates a potential downside of 2.51% from the company’s current price. The analysts noted that the move was a valuation call.

A number of other research firms have also recently commented on SERV. BidaskClub cut shares of Servicemaster Global from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Zacks Investment Research cut shares of Servicemaster Global from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Morgan Stanley set a $52.00 target price on shares of Servicemaster Global and gave the stock a “buy” rating in a research note on Monday, October 23rd. Nomura lifted their target price on shares of Servicemaster Global from $36.00 to $39.00 and gave the stock a “reduce” rating in a research note on Friday, November 3rd. Finally, Robert W. Baird reiterated a “hold” rating and issued a $52.00 target price on shares of Servicemaster Global in a research note on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. Servicemaster Global currently has a consensus rating of “Hold” and an average price target of $49.92.

Servicemaster Global (SERV) opened at $53.34 on Friday. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.03 and a quick ratio of 0.99. Servicemaster Global has a 12-month low of $36.34 and a 12-month high of $53.79. The stock has a market cap of $7,202.45, a P/E ratio of 24.25 and a beta of 1.00.

Servicemaster Global (NYSE:SERV) last issued its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Servicemaster Global had a net margin of 8.16% and a return on equity of 40.22%. The firm had revenue of $797.00 million for the quarter, compared to the consensus estimate of $795.41 million. During the same quarter in the previous year, the firm earned $0.59 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. research analysts forecast that Servicemaster Global will post 2.09 earnings per share for the current year.

In other Servicemaster Global news, SVP James T. Lucke sold 21,000 shares of Servicemaster Global stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $50.24, for a total transaction of $1,055,040.00. Following the completion of the sale, the senior vice president now directly owns 21,000 shares in the company, valued at approximately $1,055,040. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mary Kay Wegner sold 1,256 shares of Servicemaster Global stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $50.29, for a total transaction of $63,164.24. The disclosure for this sale can be found here. Insiders sold a total of 32,464 shares of company stock valued at $1,596,901 over the last quarter. 1.20% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue lifted its stake in Servicemaster Global by 100.0% during the 4th quarter. State of Alaska Department of Revenue now owns 21,445 shares of the business services provider’s stock valued at $1,098,000 after acquiring an additional 10,720 shares during the period. Frontier Capital Management Co. LLC lifted its stake in Servicemaster Global by 15.5% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,338,337 shares of the business services provider’s stock valued at $68,617,000 after acquiring an additional 179,131 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in Servicemaster Global by 7.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 525,234 shares of the business services provider’s stock valued at $26,929,000 after acquiring an additional 36,688 shares during the period. Bank of Montreal Can lifted its stake in Servicemaster Global by 1,684.5% during the 4th quarter. Bank of Montreal Can now owns 117,025 shares of the business services provider’s stock valued at $5,999,000 after acquiring an additional 110,467 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in Servicemaster Global during the 3rd quarter valued at approximately $790,000.

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Servicemaster Global 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.

The Fly

Analyst Recommendations for Servicemaster Global (NYSE:SERV)

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