Zacks Investment Research Upgrades Servicemaster Global (SERV) to Hold

Servicemaster Global (NYSE:SERV) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday.

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. “

A number of other equities analysts have also recently issued reports on SERV. ValuEngine cut shares of Servicemaster Global from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Oppenheimer set a $47.00 price objective on shares of Servicemaster Global and gave the stock a “buy” rating in a research report on Tuesday, November 6th. Morgan Stanley set a $39.00 price objective on shares of Servicemaster Global and gave the stock a “hold” rating in a research report on Wednesday, November 7th. Buckingham Research set a $47.00 price objective on shares of Servicemaster Global and gave the stock a “buy” rating in a research report on Thursday, September 13th. Finally, Goldman Sachs Group assumed coverage on shares of Servicemaster Global in a research report on Wednesday, November 14th. They set a “neutral” rating and a $44.00 price objective for the company. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $47.00.

SERV stock traded down $1.08 during trading on Wednesday, reaching $42.88. 744,011 shares of the company were exchanged, compared to its average volume of 1,153,575. The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 2.03 and a beta of 0.81. Servicemaster Global has a twelve month low of $32.89 and a twelve month high of $45.64. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.15 and a quick ratio of 1.09.

Servicemaster Global (NYSE:SERV) last released its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.12). The company had revenue of $873.00 million for the quarter, compared to analyst estimates of $865.00 million. Servicemaster Global had a return on equity of 23.65% and a net margin of 16.61%. Servicemaster Global’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.73 earnings per share. On average, equities research analysts anticipate that Servicemaster Global will post 2.11 EPS for the current fiscal year.

In other Servicemaster Global news, insider Matthew Stevenson sold 2,562 shares of the company’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $44.20, for a total value of $113,240.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Servicemaster Global by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 11,628,996 shares of the business services provider’s stock valued at $721,346,000 after purchasing an additional 71,982 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Servicemaster Global by 1.4% in the 3rd quarter. Legal & General Group Plc now owns 92,403 shares of the business services provider’s stock valued at $5,732,000 after purchasing an additional 1,283 shares during the last quarter. Standard Life Aberdeen plc boosted its stake in Servicemaster Global by 23.9% during the third quarter. Standard Life Aberdeen plc now owns 1,033,168 shares of the business services provider’s stock worth $64,082,000 after acquiring an additional 199,014 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in Servicemaster Global by 6,123.2% during the third quarter. Rehmann Capital Advisory Group now owns 57,129 shares of the business services provider’s stock worth $921,000 after acquiring an additional 56,211 shares in the last quarter. Finally, Nordea Investment Management AB bought a new position in Servicemaster Global during the third quarter worth $4,654,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Servicemaster Global Company Profile

ServiceMaster Global Holdings, Inc provides residential and commercial services in the United States. The company operates through three segments: Terminix, American Home Shield, and the Franchise Services Group. The Terminix segment offers termite and pest control services, including termite remediation, annual termite inspection, and prevention treatments with damage claim guarantees, periodic pest control services, insulation services, mosquito control, crawlspace encapsulation, and wildlife exclusion.

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