Brokerages Set ServiceMaster Global Holdings, Inc. (SERV) Price Target at $48.45

Shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) have been given a consensus rating of “Hold” by the fourteen ratings firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $48.45.

A number of research analysts have recently weighed in on SERV shares. BidaskClub cut ServiceMaster Global Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. 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. Robert W. Baird restated a “hold” rating and issued a $51.00 price target on shares of ServiceMaster Global Holdings in a research report on Tuesday, September 12th. 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. Finally, Rowe started coverage on ServiceMaster Global Holdings in a research report on Tuesday, September 19th. They issued an “outperform” rating and a $55.00 price target for the company.

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Shares of ServiceMaster Global Holdings (NYSE SERV) traded down $0.14 during mid-day trading on Friday, hitting $46.75. The stock had a trading volume of 691,400 shares, compared to its average volume of 948,195. ServiceMaster Global Holdings has a twelve month low of $36.34 and a twelve month high of $48.48. The stock has a market capitalization of $6,250.00, a PE ratio of 21.31 and a beta of 1.00. The company has a current ratio of 1.03, a quick ratio of 0.99 and a debt-to-equity ratio of 3.12.

ServiceMaster Global Holdings (NYSE:SERV) last announced its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. ServiceMaster Global Holdings had a return on equity of 40.22% and a net margin of 8.16%. The business had revenue of $797.00 million during the quarter, compared to analysts’ expectations of $795.41 million. During the same quarter last year, the business posted $0.59 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. analysts forecast that ServiceMaster Global Holdings will post 2.09 EPS for the current year.

In other ServiceMaster Global Holdings news, insider Timothy M. Haynes sold 5,000 shares of ServiceMaster Global Holdings stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $45.90, for a total value of $229,500.00. Following the completion of the sale, the insider now owns 22,335 shares in the company, valued at approximately $1,025,176.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO John Patrick Mullen sold 3,646 shares of ServiceMaster Global Holdings stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $46.47, for a total value of $169,429.62. Following the completion of the sale, the chief accounting officer now owns 3,280 shares of the company’s stock, valued at approximately $152,421.60. The disclosure for this sale can be found here. Insiders sold a total of 15,208 shares of company stock valued at $708,197 in the last 90 days. 1.20% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in shares of ServiceMaster Global Holdings by 8.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 317,220 shares of the business services provider’s stock valued at $13,244,000 after purchasing an additional 25,882 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of ServiceMaster Global Holdings by 4.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,463,249 shares of the business services provider’s stock valued at $96,535,000 after purchasing an additional 94,580 shares in the last quarter. Princeton Portfolio Strategies Group LLC lifted its stake in shares of ServiceMaster Global Holdings by 8.7% in the 2nd quarter. Princeton Portfolio Strategies Group LLC now owns 171,755 shares of the business services provider’s stock valued at $6,731,000 after purchasing an additional 13,710 shares in the last quarter. BT Investment Management Ltd acquired a new position in shares of ServiceMaster Global Holdings in the 2nd quarter valued at about $864,000. Finally, Stevens Capital Management LP acquired a new position in shares of ServiceMaster Global Holdings in the 2nd quarter valued at about $941,000.

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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