ServiceMaster Global Holdings, Inc. (SERV) Price Target Lowered to $43.00 at Royal Bank Of Canada
ServiceMaster Global Holdings, Inc. (NYSE:SERV) had its target price reduced by Royal Bank Of Canada from $44.00 to $43.00 in a research report report published on Wednesday, MarketBeat.com reports. Royal Bank Of Canada currently has a sector perform rating on the business services provider’s stock.
Other equities analysts also recently issued research reports about the stock. BidaskClub downgraded shares of ServiceMaster Global Holdings from a hold rating to a sell rating in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. assumed coverage on shares of ServiceMaster Global Holdings in a research note on Wednesday, September 20th. They issued an outperform rating and a $55.00 price target for the company. Zacks Investment Research downgraded shares of ServiceMaster Global Holdings from a buy rating to a hold rating in a research note on Wednesday, October 25th. Robert W. Baird restated a hold rating and issued a $52.00 price target on shares of ServiceMaster Global Holdings in a research note on Wednesday. Finally, Rowe assumed coverage on shares of ServiceMaster Global Holdings in a research note on Tuesday, September 19th. They issued an outperform rating and a $55.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $48.75.
ServiceMaster Global Holdings (NYSE:SERV) traded up $0.19 during trading on Wednesday, reaching $47.18. 513,203 shares of the company traded hands, compared to its average volume of 736,207. ServiceMaster Global Holdings has a 12-month low of $34.98 and a 12-month high of $48.48. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.03 and a quick ratio of 0.90. The firm has a market cap of $6,370.67, a P/E ratio of 21.45 and a beta of 1.00.
ServiceMaster Global Holdings (NYSE:SERV) last posted its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.12. The business had revenue of $797.00 million during 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 40.22%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 earnings per share. research analysts predict that ServiceMaster Global Holdings will post 2.09 earnings per share for the current year.
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In related news, 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 completion of the transaction, the insider now owns 22,335 shares in the company, valued at $1,025,176.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Mary Kay Wegner sold 22,841 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $44.40, for a total transaction of $1,014,140.40. Following the transaction, the insider now owns 5,572 shares of the company’s stock, valued at approximately $247,396.80. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
Several hedge funds have recently modified their holdings of SERV. SG Americas Securities LLC purchased a new stake in ServiceMaster Global Holdings in the first quarter valued at $100,000. FNY Partners Fund LP purchased a new stake in shares of ServiceMaster Global Holdings in the first quarter valued at about $104,000. The Manufacturers Life Insurance Company raised its holdings in shares of ServiceMaster Global Holdings by 18.5% in the second quarter. The Manufacturers Life Insurance Company now owns 4,529 shares of the business services provider’s stock valued at $177,000 after buying an additional 708 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in ServiceMaster Global Holdings by 117.8% during the second quarter. BNP Paribas Arbitrage SA now owns 4,559 shares of the business services provider’s stock worth $179,000 after purchasing an additional 2,466 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in ServiceMaster Global Holdings during the first quarter worth about $203,000.
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.
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