Zacks Investment Research Lowers Servicemaster Global (SERV) to Hold
Zacks Investment Research downgraded shares of Servicemaster Global (NYSE:SERV) from a buy rating to a hold rating in a report released on Thursday.
According to Zacks, “ServiceMaster Global Holdings, Inc. provides outsourcing services for residential and commercial customers. The company’s brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec. ServiceMaster. It offers lawn care and landscape maintenance, termite and pest control, home warranties, disaster response and reconstruction, cleaning and disaster restoration, house cleaning, furniture repair, and home inspection services. ServiceMaster Global Holdings, Inc. is headquartered in Memphis, Tennessee. “
SERV has been the subject of several other reports. Nomura increased their price objective on Servicemaster Global from $36.00 to $39.00 and gave the company a reduce rating in a research note on Friday, November 3rd. Royal Bank of Canada reduced their price objective on Servicemaster Global from $44.00 to $43.00 and set a sector perform rating for the company in a research note on Wednesday, November 1st. Morgan Stanley increased their price objective on Servicemaster Global from $60.00 to $65.00 and gave the company an overweight rating in a research note on Wednesday, January 31st. Instinet raised Servicemaster Global from a reduce rating to a buy rating in a research note on Thursday, February 15th. Finally, BidaskClub downgraded Servicemaster Global from a sell rating to a strong sell rating in a research note on Saturday, November 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the stock. Servicemaster Global presently has an average rating of Buy and a consensus target price of $53.08.
Servicemaster Global (NYSE:SERV) last posted its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Servicemaster Global had a return on equity of 37.67% and a net margin of 17.51%. The firm had revenue of $666.00 million during the quarter, compared to the consensus estimate of $665.27 million. During the same period in the prior year, the company earned $0.44 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. equities analysts predict that Servicemaster Global will post 2.57 earnings per share for the current year.
In other Servicemaster Global news, SVP James T. Lucke sold 21,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $50.24, for a total value of $1,055,040.00. Following the completion of the sale, the senior vice president now directly owns 21,000 shares of the company’s stock, valued at approximately $1,055,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mary Kay Wegner sold 1,256 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $50.29, for a total value of $63,164.24. The disclosure for this sale can be found here. Insiders sold a total of 26,999 shares of company stock valued at $1,353,315 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new position in shares of Servicemaster Global during the 4th quarter worth $131,000. Advisory Services Network LLC purchased a new position in shares of Servicemaster Global during the 4th quarter worth $153,000. American International Group Inc. purchased a new position in shares of Servicemaster Global during the 4th quarter worth $163,000. The Manufacturers Life Insurance Company grew its holdings in shares of Servicemaster Global by 18.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,529 shares of the business services provider’s stock worth $177,000 after purchasing an additional 708 shares during the period. Finally, CIBC Asset Management Inc purchased a new position in shares of Servicemaster Global during the 3rd quarter worth $206,000. Institutional investors and hedge funds own 99.97% of the company’s stock.
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About Servicemaster Global
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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