Robert W. Baird restated their hold rating on shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) in a report published on Wednesday. They currently have a $52.00 price objective on the business services provider’s stock.

A number of other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of ServiceMaster Global Holdings from a buy rating to a hold rating in a research report on Wednesday, October 25th. BidaskClub downgraded shares of ServiceMaster Global Holdings from a hold rating to a sell rating in a research report on Friday, October 13th. Royal Bank Of Canada restated a buy rating and issued a $44.00 price target on shares of ServiceMaster Global Holdings in a research report on Friday, September 15th. Credit Suisse Group restated an outperform rating and issued a $52.00 price target (up previously from $47.00) on shares of ServiceMaster Global Holdings in a research report on Tuesday, August 1st. Finally, CIBC started coverage on shares of ServiceMaster Global Holdings in a research report on Wednesday, September 20th. They issued an outperform rating and a $55.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $49.64.

ServiceMaster Global Holdings (NYSE:SERV) last issued its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.12. The firm had revenue of $797.00 million for the quarter, compared to the consensus estimate of $795.41 million. ServiceMaster Global Holdings had a net margin of 8.16% and a return on equity of 42.33%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 EPS.

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In other ServiceMaster Global Holdings news, insider Mary Kay Wegner sold 22,841 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $44.40, for a total transaction of $1,014,140.40. Following the completion of the sale, the insider now owns 5,572 shares in the company, valued at approximately $247,396.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timothy M. Haynes sold 5,000 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $45.90, for a total transaction of $229,500.00. Following the sale, the insider now owns 22,335 shares of the company’s stock, valued at approximately $1,025,176.50. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in ServiceMaster Global Holdings during the 1st quarter valued at $100,000. FNY Partners Fund LP bought a new stake in ServiceMaster Global Holdings during the 1st quarter valued at $104,000. The Manufacturers Life Insurance Company increased its stake in ServiceMaster Global Holdings by 18.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,529 shares of the business services provider’s stock valued at $177,000 after purchasing an additional 708 shares in the last quarter. Oakbrook Investments LLC bought a new stake in ServiceMaster Global Holdings during the 3rd quarter valued at $213,000. Finally, BNP Paribas Arbitrage SA increased its stake in ServiceMaster Global Holdings by 117.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,559 shares of the business services provider’s stock valued at $179,000 after purchasing an additional 2,466 shares in the last quarter.

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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