ServiceMaster Global (SERV) Receives Hold Rating from Royal Bank Of Canada

Royal Bank Of Canada reissued their hold rating on shares of ServiceMaster Global (NYSE:SERV) in a report published on Monday, November 20th. The brokerage currently has a $46.00 price objective on the business services provider’s stock.

SERV has been the topic of several other research reports. Nomura upped their price objective on shares of ServiceMaster Global from $36.00 to $39.00 and gave the company a reduce rating in a report on Friday, November 3rd. Morgan Stanley set a $52.00 price target on shares of ServiceMaster Global and gave the stock a buy rating in a report on Monday, October 23rd. Robert W. Baird reiterated a hold rating and issued a $51.00 price target on shares of ServiceMaster Global in a report on Tuesday, September 12th. Credit Suisse Group reiterated an outperform rating and issued a $52.00 price target (up previously from $47.00) on shares of ServiceMaster Global in a report on Tuesday, August 1st. Finally, BidaskClub upgraded shares of ServiceMaster Global from a sell rating to a hold rating in a report on Tuesday, August 22nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $49.00.

ServiceMaster Global (NYSE SERV) remained flat at $$49.99 during mid-day trading on Monday. 860,069 shares of the stock traded hands, compared to its average volume of 926,254. ServiceMaster Global has a 52-week low of $36.34 and a 52-week high of $50.49. The company has a quick ratio of 0.99, a current ratio of 1.03 and a debt-to-equity ratio of 3.12. The firm has a market capitalization of $6,762.23, a PE ratio of 22.76 and a beta of 1.00.

ServiceMaster Global (NYSE:SERV) last posted its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.12. ServiceMaster Global had a net margin of 8.16% and a return on equity of 40.22%. The firm had revenue of $797.00 million for the quarter, compared to the consensus estimate of $795.41 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. sell-side analysts forecast that ServiceMaster Global will post 2.09 earnings per share for the current fiscal year.

In other news, CAO John Patrick Mullen sold 3,646 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $46.47, for a total transaction of $169,429.62. Following the transaction, the chief accounting officer now owns 3,280 shares in the company, valued at approximately $152,421.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mary Kay Wegner sold 6,562 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $47.13, for a total value of $309,267.06. Following the transaction, the insider now owns 6,562 shares in the company, valued at approximately $309,267.06. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the company. Teacher Retirement System of Texas lifted its position in shares of ServiceMaster Global by 1.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 10,727 shares of the business services provider’s stock valued at $420,000 after buying an additional 106 shares in the last quarter. Argent Capital Management LLC lifted its holdings in ServiceMaster Global by 2.5% in the 2nd quarter. Argent Capital Management LLC now owns 10,390 shares of the business services provider’s stock valued at $407,000 after purchasing an additional 250 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in ServiceMaster Global by 7.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,599 shares of the business services provider’s stock valued at $219,000 after purchasing an additional 404 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in ServiceMaster Global by 3.0% in the 2nd quarter. Pacer Advisors Inc. now owns 19,764 shares of the business services provider’s stock valued at $775,000 after purchasing an additional 572 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in ServiceMaster Global by 11.1% in the 2nd quarter. Bank of Montreal Can now owns 6,604 shares of the business services provider’s stock valued at $260,000 after purchasing an additional 659 shares in the last quarter.

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ServiceMaster Global 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 (NYSE:SERV)

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