Servicemaster Global (NYSE:SERV) Upgraded to Hold by Zacks Investment Research
According to Zacks, “ServiceMaster Global Holdings, Inc. provides outsourcing services for residential and commercial customers. The company’s brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec. ServiceMaster. It offers lawn care and landscape maintenance, termite and pest control, home warranties, disaster response and reconstruction, cleaning and disaster restoration, house cleaning, furniture repair, and home inspection services. ServiceMaster Global Holdings, Inc. is headquartered in Memphis, Tennessee. “
Other research analysts also recently issued research reports about the stock. Buckingham Research downgraded shares of Servicemaster Global from a buy rating to a neutral rating and set a $53.00 target price for the company. in a research report on Wednesday, May 8th. They noted that the move was a valuation call. ValuEngine raised shares of Servicemaster Global from a hold rating to a buy rating in a research report on Wednesday, May 8th. Morgan Stanley increased their price target on shares of Servicemaster Global from $51.00 to $54.00 and gave the company an equal weight rating in a research note on Wednesday, August 7th. Finally, Nomura reiterated a buy rating and issued a $62.00 price target on shares of Servicemaster Global in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $48.89.
Servicemaster Global (NYSE:SERV) last released its earnings results on Tuesday, August 6th. The business services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $560.00 million during the quarter, compared to the consensus estimate of $549.25 million. Servicemaster Global had a negative net margin of 2.02% and a positive return on equity of 11.17%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.79 earnings per share. As a group, analysts predict that Servicemaster Global will post 1.42 earnings per share for the current fiscal year.
In other Servicemaster Global news, insider Matthew Stevenson sold 8,556 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $54.29, for a total value of $464,505.24. Following the completion of the sale, the insider now owns 10,396 shares in the company, valued at $564,398.84. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mark E. Tomkins sold 2,444 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $53.94, for a total transaction of $131,829.36. Following the sale, the director now owns 17,398 shares of the company’s stock, valued at approximately $938,448.12. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC lifted its stake in shares of Servicemaster Global by 0.5% during the 1st quarter. Janus Henderson Group PLC now owns 15,449,598 shares of the business services provider’s stock worth $721,496,000 after buying an additional 71,489 shares during the last quarter. BlackRock Inc. increased its position in Servicemaster Global by 0.7% during the first quarter. BlackRock Inc. now owns 5,857,326 shares of the business services provider’s stock worth $273,537,000 after acquiring an additional 38,654 shares during the period. Artisan Partners Limited Partnership increased its position in Servicemaster Global by 110.3% during the first quarter. Artisan Partners Limited Partnership now owns 2,565,982 shares of the business services provider’s stock worth $119,831,000 after acquiring an additional 1,345,791 shares during the period. FMR LLC increased its position in Servicemaster Global by 19.9% during the first quarter. FMR LLC now owns 2,470,671 shares of the business services provider’s stock worth $115,380,000 after acquiring an additional 409,942 shares during the period. Finally, Geode Capital Management LLC increased its position in Servicemaster Global by 5.6% during the fourth quarter. Geode Capital Management LLC now owns 1,248,319 shares of the business services provider’s stock worth $45,863,000 after acquiring an additional 65,869 shares during the period.
Servicemaster Global Company Profile
ServiceMaster Global Holdings, Inc provides services to residential and commercial customers in the termite, pest control, cleaning, and restoration markets in all 50 states and the District of Columbia. The company operates through two segments, Terminix and ServiceMaster Brands. The Terminix segment offers termite and pest control services, including termite remediation, annual termite inspection, and prevention treatments with damage claim guarantees, periodic pest control services, insulation services, mosquito control, crawlspace encapsulation, and wildlife exclusion.
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