Royal Bank Of Canada reaffirmed their hold rating on shares of ServiceMaster Global (NYSE:SERV) in a report issued on Monday, November 20th. The firm currently has a $46.00 target price on the business services provider’s stock.
A number of other equities research analysts also recently commented on the stock. BidaskClub downgraded shares of ServiceMaster Global from a sell rating to a strong sell rating in a report on Saturday, November 4th. Nomura raised their target price on shares of ServiceMaster Global from $36.00 to $39.00 and gave the stock a reduce rating in a research report on Friday, November 3rd. Zacks Investment Research raised shares of ServiceMaster Global from a sell rating to a hold rating in a research report on Friday, November 3rd. Robert W. Baird reissued a hold rating and issued a $52.00 target price on shares of ServiceMaster Global in a research report on Wednesday, November 1st. Finally, Morgan Stanley set a $52.00 price target on shares of ServiceMaster Global and gave the company a buy rating in a research report on Monday, October 23rd. Three analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $49.00.
ServiceMaster Global (NYSE SERV) traded down $0.09 during mid-day trading on Monday, hitting $49.99. 323,300 shares of the stock traded hands, compared to its average volume of 926,539. 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 one year low of $36.34 and a one year high of $50.49. The firm has a market cap of $6,762.23, a PE ratio of 22.76 and a beta of 1.00.
ServiceMaster Global (NYSE:SERV) last posted its earnings results on Tuesday, October 31st. The business services provider reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $795.41 million. During the same period last year, the firm posted $0.59 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. equities research analysts forecast that ServiceMaster Global will post 2.09 earnings per share for the current year.
In other news, CAO John Patrick Mullen sold 3,646 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $46.47, for a total transaction of $169,429.62. Following the completion of the transaction, the chief accounting officer now owns 3,280 shares in the company, valued at $152,421.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mary Kay Wegner sold 6,562 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $47.13, for a total transaction of $309,267.06. Following the transaction, the insider now owns 6,562 shares of the company’s stock, valued at approximately $309,267.06. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its holdings in ServiceMaster Global by 18.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,529 shares of the business services provider’s stock valued at $177,000 after acquiring an additional 708 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in ServiceMaster Global by 117.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,559 shares of the business services provider’s stock valued at $179,000 after acquiring an additional 2,466 shares during the last quarter. SG Americas Securities LLC lifted its holdings in ServiceMaster Global by 112.7% in the 2nd quarter. SG Americas Securities LLC now owns 5,107 shares of the business services provider’s stock valued at $200,000 after acquiring an additional 2,706 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in ServiceMaster Global in the 3rd quarter valued at about $206,000. Finally, Oakbrook Investments LLC acquired a new stake in ServiceMaster Global in the 3rd quarter valued at about $213,000.
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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.
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