Shares of Servicemaster Global Holdings Inc (NYSE:SERV) have been given an average recommendation of “Buy” by the fifteen analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $55.00.
A number of analysts have recently weighed in on SERV shares. Zacks Investment Research upgraded shares of Servicemaster Global from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Thursday, January 4th. Royal Bank of Canada boosted their price objective on shares of Servicemaster Global to $52.00 and gave the stock a “sector perform” rating in a research note on Friday, January 19th. They noted that the move was a valuation call. William Blair started coverage on shares of Servicemaster Global in a research note on Monday, January 29th. They issued an “outperform” rating for the company. Morgan Stanley boosted their price objective on shares of Servicemaster Global from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Finally, Instinet upgraded shares of Servicemaster Global from a “reduce” rating to a “buy” rating in a research note on Thursday, February 15th.
Servicemaster Global (NYSE:SERV) traded down $0.30 during midday trading on Friday, reaching $50.64. 321,786 shares of the company’s stock were exchanged, compared to its average volume of 647,787. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.06 and a quick ratio of 1.02. The firm has a market capitalization of $6,872.94, a PE ratio of 24.08 and a beta of 0.95. Servicemaster Global has a 1 year low of $36.34 and a 1 year high of $55.36.
In related news, SVP James T. Lucke sold 16,737 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $51.70, for a total transaction of $865,302.90. Following the completion of the transaction, the senior vice president now directly owns 5,691 shares in the company, valued at approximately $294,224.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Marvin Davis sold 4,743 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $49.57, for a total transaction of $235,110.51. Following the transaction, the insider now owns 7,959 shares of the company’s stock, valued at $394,527.63. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB acquired a new position in Servicemaster Global during the 4th quarter valued at $606,000. Gotham Asset Management LLC bought a new stake in Servicemaster Global in the 4th quarter valued at $2,834,000. Cowen Inc. bought a new stake in Servicemaster Global in the 4th quarter valued at $1,056,000. PEAK6 Investments L.P. increased its holdings in Servicemaster Global by 2,112.2% in the 4th quarter. PEAK6 Investments L.P. now owns 34,178 shares of the business services provider’s stock valued at $1,752,000 after buying an additional 32,633 shares during the period. Finally, TIAA CREF Investment Management LLC increased its holdings in Servicemaster Global by 4.1% in the 4th quarter. TIAA CREF Investment Management LLC now owns 850,300 shares of the business services provider’s stock valued at $43,595,000 after buying an additional 33,597 shares during the period.
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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.
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