CIBC started coverage on shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) in a research report report published on Wednesday morning. The firm issued an outperform rating and a $55.00 target price on the business services provider’s stock.

Several other analysts have also weighed in on the company. Royal Bank Of Canada restated a buy rating and set a $44.00 price target on shares of ServiceMaster Global Holdings in a report on Tuesday, June 27th. Morgan Stanley restated an overweight rating and set a $48.00 price target on shares of ServiceMaster Global Holdings in a report on Friday, June 23rd. BidaskClub lowered ServiceMaster Global Holdings from a hold rating to a sell rating in a report on Thursday, July 27th. Credit Suisse Group restated an outperform rating and set a $52.00 price target (up previously from $47.00) on shares of ServiceMaster Global Holdings in a report on Tuesday, August 1st. Finally, Instinet increased their price target on ServiceMaster Global Holdings from $30.00 to $32.00 and gave the company a reduce rating in a report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $49.00.

Shares of ServiceMaster Global Holdings (NYSE:SERV) traded down 0.46% on Wednesday, hitting $48.11. 204,567 shares of the stock traded hands. The firm has a market cap of $6.42 billion, a PE ratio of 29.34 and a beta of 1.04. ServiceMaster Global Holdings has a 52-week low of $32.41 and a 52-week high of $48.29. The firm has a 50 day moving average price of $45.60 and a 200 day moving average price of $41.04.

ServiceMaster Global Holdings (NYSE:SERV) last released its quarterly earnings results on Monday, July 31st. The business services provider reported $0.69 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.69. ServiceMaster Global Holdings had a return on equity of 40.74% and a net margin of 7.92%. The company had revenue of $807.00 million for the quarter, compared to analyst estimates of $806.64 million. During the same quarter in the prior year, the firm posted $0.67 EPS. ServiceMaster Global Holdings’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities analysts forecast that ServiceMaster Global Holdings will post $2.04 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece was originally posted by Watch List News and is owned by of Watch List News. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.watchlistnews.com/servicemaster-global-holdings-inc-serv-coverage-initiated-by-analysts-at-cibc/1578253.html.

In other ServiceMaster Global Holdings news, SVP James T. Lucke sold 9,230 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $43.77, for a total value of $403,997.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert J. Gillette sold 1,142,961 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $42.58, for a total value of $48,667,279.38. Following the completion of the transaction, the chief executive officer now directly owns 642,022 shares in the company, valued at approximately $27,337,296.76. The disclosure for this sale can be found here. Insiders sold a total of 1,225,655 shares of company stock worth $52,344,228 in the last ninety days. 1.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. FNY Partners Fund LP bought a new position in ServiceMaster Global Holdings in the 1st quarter valued at $104,000. Goldman Sachs Group Inc. grew its position in shares of ServiceMaster Global Holdings by 8.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 317,220 shares of the business services provider’s stock worth $13,244,000 after buying an additional 25,882 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of ServiceMaster Global Holdings by 13.0% during the 1st quarter. Alliancebernstein L.P. now owns 84,843 shares of the business services provider’s stock worth $3,542,000 after buying an additional 9,733 shares in the last quarter. Trexquant Investment LP bought a new position in shares of ServiceMaster Global Holdings during the 1st quarter worth $518,000. Finally, Columbia Wanger Asset Management LLC grew its position in shares of ServiceMaster Global Holdings by 271.2% during the 1st quarter. Columbia Wanger Asset Management LLC now owns 851,578 shares of the business services provider’s stock worth $35,553,000 after buying an additional 622,152 shares in the last quarter.

ServiceMaster Global Holdings 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 Holdings (NYSE:SERV)

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