ServiceMaster Global Holdings, Inc. (SERV) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research cut shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) from a buy rating to a hold rating in a research note published on Wednesday morning.

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 equities research analysts also recently issued research reports about the stock. Morgan Stanley set a $52.00 target price on shares of ServiceMaster Global Holdings and gave the company a buy rating in a research note on Monday, October 23rd. Royal Bank Of Canada reaffirmed a buy rating and issued a $44.00 target price on shares of ServiceMaster Global Holdings in a research note on Tuesday, June 27th. Robert W. Baird reaffirmed a hold rating and issued a $51.00 target price on shares of ServiceMaster Global Holdings in a research note on Tuesday, September 12th. BidaskClub raised shares of ServiceMaster Global Holdings from a sell rating to a hold rating in a research note on Tuesday, August 22nd. Finally, Credit Suisse Group reaffirmed an outperform rating and issued a $52.00 target price (up previously from $47.00) on shares of ServiceMaster Global Holdings in a research note on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $49.64.

ServiceMaster Global Holdings (SERV) opened at 45.19 on Wednesday. ServiceMaster Global Holdings has a 52-week low of $34.98 and a 52-week high of $48.48. The firm’s 50-day moving average is $46.92 and its 200 day moving average is $42.34. The stock has a market capitalization of $6.03 billion, a PE ratio of 27.55 and a beta of 1.02.

ServiceMaster Global Holdings (NYSE:SERV) last issued its earnings results on Monday, July 31st. The business services provider reported $0.69 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.69. ServiceMaster Global Holdings had a net margin of 7.92% and a return on equity of 40.74%. The firm had revenue of $807.00 million during the quarter, compared to the consensus estimate of $806.64 million. During the same quarter in the prior year, the firm earned $0.67 earnings per share. The business’s quarterly revenue was up 8.0% on a year-over-year basis. On average, equities analysts forecast that ServiceMaster Global Holdings will post $2.04 earnings per share for the current year.

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In other news, insider Timothy M. Haynes sold 5,000 shares of the stock in a transaction on Friday, August 25th. The shares were sold at an average price of $45.90, for a total transaction of $229,500.00. Following the completion of the sale, the insider now owns 22,335 shares of the company’s stock, valued at $1,025,176.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP James T. Lucke sold 9,230 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $43.77, for a total transaction of $403,997.10. The disclosure for this sale can be found here. Insiders have sold 1,225,655 shares of company stock valued at $52,344,228 in the last three months. 1.20% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC bought a new stake in shares of ServiceMaster Global Holdings during the second quarter worth $568,959,000. Vanguard Group Inc. increased its position in shares of ServiceMaster Global Holdings by 1.0% during the second quarter. Vanguard Group Inc. now owns 10,535,475 shares of the business services provider’s stock worth $412,885,000 after acquiring an additional 99,374 shares in the last quarter. Capital Research Global Investors increased its position in shares of ServiceMaster Global Holdings by 4.4% during the second quarter. Capital Research Global Investors now owns 9,228,000 shares of the business services provider’s stock worth $361,645,000 after acquiring an additional 393,000 shares in the last quarter. Longview Partners Guernsey LTD increased its position in shares of ServiceMaster Global Holdings by 5.4% during the second quarter. Longview Partners Guernsey LTD now owns 9,073,199 shares of the business services provider’s stock worth $355,579,000 after acquiring an additional 464,930 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of ServiceMaster Global Holdings by 31,635.5% during the first quarter. BlackRock Inc. now owns 5,574,344 shares of the business services provider’s stock worth $232,730,000 after acquiring an additional 5,556,779 shares in the last quarter.

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.

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