BidaskClub downgraded shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

SERV has been the subject of several other research reports. Zacks Investment Research upgraded shares of ServiceMaster Global Holdings from a sell rating to a hold rating in a research report on Friday, April 7th. Morgan Stanley restated an overweight rating and set a $48.00 price target on shares of ServiceMaster Global Holdings in a research report on Friday, June 23rd. J P Morgan Chase & Co initiated coverage on shares of ServiceMaster Global Holdings in a report on Thursday, April 20th. They issued an overweight rating and a $49.00 price objective for the company. Royal Bank Of Canada reiterated a buy rating and issued a $44.00 price objective on shares of ServiceMaster Global Holdings in a report on Tuesday, June 27th. Finally, Piper Jaffray Companies reiterated an overweight rating and issued a $49.00 price objective on shares of ServiceMaster Global Holdings in a report on Thursday, April 6th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $42.17.

Shares of ServiceMaster Global Holdings (NYSE SERV) traded up 8.42% during midday trading on Thursday, hitting $43.79. The stock had a trading volume of 3,872,842 shares. The firm has a 50 day moving average price of $39.59 and a 200-day moving average price of $39.09. The stock has a market cap of $5.87 billion, a PE ratio of 38.75 and a beta of 1.01. ServiceMaster Global Holdings has a 52-week low of $32.41 and a 52-week high of $44.68.

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, topping the consensus estimate of $0.68 by $0.01. ServiceMaster Global Holdings had a net margin of 5.61% and a return on equity of 43.03%. The firm had revenue of $807 million during the quarter, compared to the consensus estimate of $806.64 million. During the same quarter in the prior year, the firm earned $0.67 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts predict that ServiceMaster Global Holdings will post $2.11 EPS for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in SERV. SG Americas Securities LLC acquired a new stake in ServiceMaster Global Holdings during the first quarter worth approximately $100,000. FNY Partners Fund LP acquired a new stake in ServiceMaster Global Holdings during the first quarter worth approximately $104,000. Russell Investments Group Ltd. acquired a new stake in ServiceMaster Global Holdings during the fourth quarter worth approximately $169,000. Cannell Capital LLC acquired a new stake in ServiceMaster Global Holdings during the first quarter worth approximately $179,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in ServiceMaster Global Holdings during the first quarter worth approximately $203,000.

About ServiceMaster Global Holdings

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)

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