ServiceMaster Global Holdings, Inc. (SERV) Downgraded by BidaskClub

BidaskClub downgraded shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) from a hold rating to a sell rating in a research report sent to investors on Friday, October 13th.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of ServiceMaster Global Holdings from a hold rating to a buy rating and set a $52.00 price objective on the stock in a research note on Wednesday, October 4th. Royal Bank Of Canada reiterated a buy rating and set a $44.00 price target on shares of ServiceMaster Global Holdings in a research note on Tuesday, June 27th. Robert W. Baird reiterated a hold rating and set a $51.00 price target on shares of ServiceMaster Global Holdings in a research note on Tuesday, September 12th. CIBC initiated coverage on shares of ServiceMaster Global Holdings in a research note on Wednesday, September 20th. They set an outperform rating and a $55.00 price target on the stock. Finally, Oppenheimer Holdings, Inc. initiated coverage on shares of ServiceMaster Global Holdings in a research note on Wednesday, September 20th. They set an outperform rating and a $55.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. ServiceMaster Global Holdings presently has a consensus rating of Buy and a consensus price target of $49.64.

ServiceMaster Global Holdings (NYSE SERV) opened at 46.71 on Friday. ServiceMaster Global Holdings has a 52-week low of $34.36 and a 52-week high of $48.48. The company’s 50 day moving average is $47.11 and its 200 day moving average is $42.23. The firm has a market cap of $6.23 billion, a P/E ratio of 28.48 and a beta of 1.02.

ServiceMaster Global Holdings (NYSE:SERV) last announced its quarterly earnings data on Monday, July 31st. The business services provider reported $0.69 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.69. The business had revenue of $807.00 million for the quarter, compared to the consensus estimate of $806.64 million. ServiceMaster Global Holdings had a net margin of 7.92% and a return on equity of 40.74%. ServiceMaster Global Holdings’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company posted $0.67 earnings per share. Equities research analysts forecast that ServiceMaster Global Holdings will post $2.04 EPS for the current fiscal year.

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In other ServiceMaster Global Holdings news, insider Timothy M. Haynes sold 45,623 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $44.48, for a total transaction of $2,029,311.04. Following the completion of the transaction, the insider now owns 29,833 shares of the company’s stock, valued at approximately $1,326,971.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert J. Gillette sold 1,142,961 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $42.58, for a total value of $48,667,279.38. Following the transaction, the chief executive officer now directly owns 642,022 shares of the company’s stock, valued at approximately $27,337,296.76. The disclosure for this sale can be found here. Insiders sold a total of 1,225,655 shares of company stock worth $52,344,228 in the last 90 days. 1.20% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in SERV. Janus Henderson Group PLC bought a new stake in shares of ServiceMaster Global Holdings during the 2nd quarter worth approximately $568,959,000. BlackRock Inc. raised its stake in shares of ServiceMaster Global Holdings by 31,635.5% during the 1st quarter. BlackRock Inc. now owns 5,574,344 shares of the business services provider’s stock worth $232,730,000 after purchasing an additional 5,556,779 shares in the last quarter. Atlanta Capital Management Co. L L C raised its stake in shares of ServiceMaster Global Holdings by 42.7% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 5,196,144 shares of the business services provider’s stock worth $203,636,000 after purchasing an additional 1,554,084 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of ServiceMaster Global Holdings by 225.8% during the 2nd quarter. Schroder Investment Management Group now owns 1,659,624 shares of the business services provider’s stock worth $64,974,000 after purchasing an additional 1,150,259 shares in the last quarter. Finally, Janus Capital Management LLC raised its stake in shares of 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 purchasing an additional 831,991 shares in 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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