Servicemaster Global Holdings Inc (NYSE:SERV) has been assigned a consensus rating of “Buy” from the fourteen research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $55.64.
Several research firms have recently weighed in on SERV. Nomura upgraded Servicemaster Global from a “reduce” rating to a “buy” rating and lifted their target price for the stock from $39.00 to $69.00 in a research report on Thursday, February 15th. Morgan Stanley lifted their target price on Servicemaster Global from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. William Blair began coverage on Servicemaster Global in a research report on Monday, January 29th. They set an “outperform” rating for the company. Royal Bank of Canada lifted their target price on Servicemaster Global to $52.00 and gave the stock a “sector perform” rating in a research report on Friday, January 19th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Servicemaster Global from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Friday, February 2nd.
In other Servicemaster Global news, insider Mary Kay Wegner sold 1,256 shares of Servicemaster Global stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $50.29, for a total value of $63,164.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP James T. Lucke sold 21,000 shares of Servicemaster Global stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $50.24, for a total value of $1,055,040.00. Following the completion of the transaction, the senior vice president now owns 21,000 shares in the company, valued at approximately $1,055,040. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of SERV. Cerebellum GP LLC purchased a new stake in shares of Servicemaster Global during the fourth quarter worth about $131,000. Advisory Services Network LLC purchased a new stake in shares of Servicemaster Global during the fourth quarter worth about $153,000. American International Group Inc. purchased a new stake in shares of Servicemaster Global during the fourth quarter worth about $163,000. The Manufacturers Life Insurance Company grew its stake in shares of Servicemaster Global by 18.5% during the second quarter. The Manufacturers Life Insurance Company now owns 4,529 shares of the business services provider’s stock worth $177,000 after acquiring an additional 708 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in shares of Servicemaster Global during the third quarter worth about $206,000.
Servicemaster Global (NYSE:SERV) traded down $0.37 during trading hours on Tuesday, hitting $54.37. The stock had a trading volume of 506,003 shares, compared to its average volume of 595,059. Servicemaster Global has a fifty-two week low of $36.34 and a fifty-two week high of $55.36. The company has a market capitalization of $7,390.00, a P/E ratio of 31.43 and a beta of 0.93. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.99 and a current ratio of 1.03.
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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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