Shares of Servicemaster Global Holdings Inc (NYSE:SERV) have received a consensus rating of “Buy” from the fifteen ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $55.00.
Several brokerages have issued reports on SERV. Zacks Investment Research upgraded Servicemaster Global from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a report on Saturday, March 3rd. ValuEngine upgraded Servicemaster Global from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Morgan Stanley decreased their price target on Servicemaster Global from $65.00 to $62.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 28th. Nomura decreased their price target on Servicemaster Global from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. Finally, Instinet raised Servicemaster Global from a “reduce” rating to a “buy” rating in a research note on Thursday, February 15th.
In other news, Director Naren K. Gursahaney bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were purchased at an average price of $50.20 per share, with a total value of $100,400.00. Following the purchase, the director now owns 2,976 shares in the company, valued at $149,395.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marvin Davis sold 4,743 shares of the stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $49.57, for a total value of $235,110.51. Following the transaction, the insider now directly owns 7,959 shares in the company, valued at approximately $394,527.63. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its stake in Servicemaster Global by 18.5% during the 2nd 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 in the last quarter. BB&T Securities LLC lifted its stake in Servicemaster Global by 19.7% during the 3rd quarter. BB&T Securities LLC now owns 8,544 shares of the business services provider’s stock worth $399,000 after acquiring an additional 1,408 shares in the last quarter. Amalgamated Bank lifted its stake in Servicemaster Global by 5.8% during the 4th quarter. Amalgamated Bank now owns 26,897 shares of the business services provider’s stock worth $1,379,000 after acquiring an additional 1,474 shares in the last quarter. Gabelli Funds LLC lifted its stake in Servicemaster Global by 2.6% during the 4th quarter. Gabelli Funds LLC now owns 80,000 shares of the business services provider’s stock worth $4,102,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Servicemaster Global by 34.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,948 shares of the business services provider’s stock worth $407,000 after acquiring an additional 2,042 shares in the last quarter.
Shares of Servicemaster Global (NYSE SERV) opened at $50.37 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $6,867.53, a price-to-earnings ratio of 13.36 and a beta of 0.95. Servicemaster Global has a twelve month low of $36.34 and a twelve month high of $55.36.
Servicemaster Global (NYSE:SERV) last issued its earnings results on Tuesday, February 27th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The company had revenue of $666.00 million during the quarter, compared to analysts’ expectations of $665.27 million. Servicemaster Global had a return on equity of 33.21% and a net margin of 17.51%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.44 EPS. equities research analysts anticipate that Servicemaster Global will post 2.57 earnings per share for the current year.
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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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