Servicemaster Global (SERV) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Servicemaster Global (NYSE:SERV) from a hold rating to a buy rating in a research note released on Thursday, January 4th. The firm currently has $57.00 price target on the business services provider’s stock.

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. “

A number of other equities analysts also recently commented on SERV. Morgan Stanley lifted their price objective on Servicemaster Global from $49.00 to $51.00 and gave the stock an overweight rating in a research report on Thursday, September 28th. Oppenheimer initiated coverage on Servicemaster Global in a research report on Wednesday, September 20th. They issued an outperform rating and a $55.00 target price on the stock. Rowe initiated coverage on Servicemaster Global in a research note on Tuesday, September 19th. They issued an outperform rating and a $55.00 price objective for the company. CIBC started coverage on Servicemaster Global in a research note on Wednesday, September 20th. They set an outperform rating and a $55.00 target price for the company. Finally, Royal Bank of Canada lowered their price objective on Servicemaster Global from $44.00 to $43.00 and set a sector perform rating for the company in a research report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $49.42.

Shares of Servicemaster Global (SERV) traded down $0.08 during midday trading on Thursday, hitting $52.87. The company had a trading volume of 530,300 shares, compared to its average volume of 500,071. Servicemaster Global has a 1 year low of $36.34 and a 1 year high of $53.13. The stock has a market cap of $7,160.00, a PE ratio of 30.56 and a beta of 1.00. The company has a quick ratio of 0.99, a current ratio of 1.03 and a debt-to-equity ratio of 3.12.

Servicemaster Global (NYSE:SERV) last posted its earnings results on Tuesday, October 31st. The business services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.61 by $0.12. The firm had revenue of $797.00 million for the quarter, compared to analyst estimates of $795.41 million. Servicemaster Global had a return on equity of 40.22% and a net margin of 8.16%. Servicemaster Global’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $0.59 earnings per share. analysts predict that Servicemaster Global will post 2.09 EPS for the current year.

In related news, SVP James T. Lucke sold 21,000 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $50.24, for a total value of $1,055,040.00. Following the transaction, the senior vice president now directly owns 21,000 shares of the company’s stock, valued at approximately $1,055,040. The sale was disclosed in a 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 on Thursday, November 2nd. The stock was sold at an average price of $47.13, for a total value of $309,267.06. Following the completion of the transaction, the insider now directly owns 6,562 shares in the company, valued at $309,267.06. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,464 shares of company stock worth $1,596,901. 1.20% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in SERV. Russell Investments Group Ltd. grew its stake in shares of Servicemaster Global by 719.1% during the second quarter. Russell Investments Group Ltd. now owns 21,592 shares of the business services provider’s stock valued at $846,000 after acquiring an additional 18,956 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Servicemaster Global by 6.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 622,537 shares of the business services provider’s stock worth $24,398,000 after purchasing an additional 38,087 shares in the last quarter. SG Americas Securities LLC boosted its stake in Servicemaster Global by 112.7% in the second quarter. SG Americas Securities LLC now owns 5,107 shares of the business services provider’s stock valued at $200,000 after acquiring an additional 2,706 shares during the period. Legal & General Group Plc boosted its stake in Servicemaster Global by 44.7% in the second quarter. Legal & General Group Plc now owns 75,186 shares of the business services provider’s stock valued at $2,947,000 after acquiring an additional 23,239 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in Servicemaster Global by 117.8% in the second quarter. BNP Paribas Arbitrage SA now owns 4,559 shares of the business services provider’s stock valued at $179,000 after acquiring an additional 2,466 shares during the period. 99.96% of the stock is currently owned by institutional investors.

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About Servicemaster Global

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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