Servicemaster Global (SERV) Raised to Buy at Instinet

Instinet upgraded shares of Servicemaster Global (NYSE:SERV) from a reduce rating to a buy rating in a research note issued to investors on Thursday.

Other research analysts also recently issued reports about the company. William Blair assumed coverage on Servicemaster Global in a report on Monday, January 29th. They issued an outperform rating on the stock. Zacks Investment Research downgraded Servicemaster Global from a buy rating to a hold rating in a report on Wednesday, October 25th. Robert W. Baird reissued a hold rating and issued a $52.00 target price on shares of Servicemaster Global in a report on Wednesday, November 1st. BidaskClub downgraded Servicemaster Global from a sell rating to a strong sell rating in a report on Saturday, November 4th. Finally, Royal Bank of Canada reissued a hold rating and issued a $46.00 target price on shares of Servicemaster Global in a report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $53.67.

Servicemaster Global (NYSE SERV) opened at $54.74 on Thursday. The company has a market capitalization of $7,390.00, a P/E ratio of 31.64 and a beta of 0.93. The company has a quick ratio of 0.99, a current ratio of 1.03 and a debt-to-equity ratio of 3.12. Servicemaster Global has a 1-year low of $36.34 and a 1-year high of $55.36.

In other Servicemaster Global news, SVP James T. Lucke sold 21,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $50.24, for a total transaction of $1,055,040.00. Following the transaction, the senior vice president now owns 21,000 shares of the company’s stock, valued at approximately $1,055,040. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Mary Kay Wegner sold 1,256 shares of the company’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. 1.20% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of SERV. Wells Fargo & Company MN raised its position in shares of Servicemaster Global by 5.9% during the 3rd quarter. Wells Fargo & Company MN now owns 121,043 shares of the business services provider’s stock valued at $5,656,000 after acquiring an additional 6,742 shares during the last quarter. Longview Partners Guernsey LTD raised its position in shares of Servicemaster Global by 4.6% during the 3rd quarter. Longview Partners Guernsey LTD now owns 9,490,981 shares of the business services provider’s stock valued at $443,514,000 after acquiring an additional 417,782 shares during the last quarter. Beacon Investment Advisory Services Inc. bought a new stake in shares of Servicemaster Global during the 3rd quarter valued at $5,916,000. Canada Pension Plan Investment Board raised its position in shares of Servicemaster Global by 189.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 34,200 shares of the business services provider’s stock valued at $1,598,000 after acquiring an additional 22,400 shares during the last quarter. Finally, Royal Bank of Canada raised its position in shares of Servicemaster Global by 653.6% during the 2nd quarter. Royal Bank of Canada now owns 7,950 shares of the business services provider’s stock valued at $311,000 after acquiring an additional 6,895 shares during the last quarter.

COPYRIGHT VIOLATION NOTICE: “Servicemaster Global (SERV) Raised to Buy at Instinet” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The correct version of this story can be read at https://ledgergazette.com/2018/02/19/servicemaster-global-serv-raised-to-buy-at-instinet.html.

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.

Analyst Recommendations for Servicemaster Global (NYSE:SERV)

Receive News & Ratings for Servicemaster Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Servicemaster Global and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply