Servicemaster Global (NYSE:SERV) Rating Increased to Hold at Zacks Investment Research

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

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 research firms have also recently commented on SERV. Nomura reiterated a “buy” rating and set a $62.00 price objective on shares of Servicemaster Global in a research report on Thursday. ValuEngine upgraded Servicemaster Global from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Buckingham Research cut Servicemaster Global from a “buy” rating to a “neutral” rating and set a $53.00 price objective for the company. in a research report on Wednesday, May 8th. They noted that the move was a valuation call. Finally, Morgan Stanley upped their price target on Servicemaster Global from $51.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $48.89.

Shares of NYSE:SERV opened at $56.97 on Friday. The company has a market capitalization of $7.81 billion, a P/E ratio of 34.01, a P/E/G ratio of 2.21 and a beta of 0.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.13 and a current ratio of 1.17. Servicemaster Global has a 1 year low of $34.28 and a 1 year high of $58.78. The firm’s fifty day simple moving average is $53.18.

Servicemaster Global (NYSE:SERV) last announced its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The firm had revenue of $560.00 million for the quarter, compared to the consensus estimate of $549.25 million. Servicemaster Global had a positive return on equity of 11.17% and a negative net margin of 2.02%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 earnings per share. On average, sell-side analysts expect that Servicemaster Global will post 1.42 EPS for the current year.

In related news, insider Matthew Stevenson sold 8,556 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $54.29, for a total transaction of $464,505.24. Following the completion of the transaction, the insider now directly owns 10,396 shares of the company’s stock, valued at $564,398.84. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark E. Tomkins sold 2,444 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $53.94, for a total value of $131,829.36. Following the transaction, the director now directly owns 17,398 shares of the company’s stock, valued at $938,448.12. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. bought a new stake in shares of Servicemaster Global in the 2nd quarter valued at approximately $32,000. Quadrant Capital Group LLC bought a new stake in shares of Servicemaster Global in the 1st quarter valued at approximately $49,000. AdvisorNet Financial Inc lifted its stake in shares of Servicemaster Global by 84.1% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,657 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 757 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Servicemaster Global by 506.1% in the 1st quarter. Rockefeller Capital Management L.P. now owns 1,988 shares of the business services provider’s stock valued at $93,000 after purchasing an additional 1,660 shares during the last quarter. Finally, Advisor Group Inc. lifted its stake in shares of Servicemaster Global by 61.9% in the 2nd quarter. Advisor Group Inc. now owns 1,951 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 746 shares during the last quarter.

About Servicemaster Global

ServiceMaster Global Holdings, Inc provides services to residential and commercial customers in the termite, pest control, cleaning, and restoration markets in all 50 states and the District of Columbia. The company operates through two segments, Terminix and ServiceMaster Brands. 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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