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.

Analyst Recommendations for ServiceMaster Global Holdings (NYSE:SERV)

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