ServiceMaster Global Holdings, Inc. (SERV) Downgraded by BidaskClub to “Strong Sell”

BidaskClub lowered shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) from a sell rating to a strong sell rating in a report published on Saturday.

Several other equities research analysts have also recently issued reports on the stock. Nomura boosted their price objective on shares of ServiceMaster Global Holdings from $36.00 to $39.00 and gave the company a reduce rating in a research report on Friday. Zacks Investment Research raised shares of ServiceMaster Global Holdings from a sell rating to a hold rating in a research report on Friday. Royal Bank Of Canada lowered their price objective on shares of ServiceMaster Global Holdings from $44.00 to $43.00 and set a sector perform rating for the company in a research report on Wednesday. Robert W. Baird reissued a hold rating and issued a $52.00 price objective on shares of ServiceMaster Global Holdings in a research report on Wednesday. Finally, Morgan Stanley set a $52.00 price objective on shares of ServiceMaster Global Holdings and gave the company a buy rating in a research report on Monday, October 23rd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. ServiceMaster Global Holdings has an average rating of Hold and an average target price of $48.75.

ServiceMaster Global Holdings (SERV) traded up $0.19 during mid-day trading on Friday, hitting $47.18. 513,203 shares of the company were exchanged, compared to its average volume of 736,207. ServiceMaster Global Holdings has a 52-week low of $34.98 and a 52-week high of $48.48. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.90 and a current ratio of 1.03. The stock has a market cap of $6,370.67, a PE ratio of 21.45 and a beta of 1.00.

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

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In other news, insider Mary Kay Wegner sold 22,841 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $44.40, for a total value of $1,014,140.40. Following the completion of the sale, the insider now owns 5,572 shares in the company, valued at approximately $247,396.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Timothy M. Haynes sold 5,000 shares of the business’s stock in a transaction dated 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 approximately $1,025,176.50. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Janus Henderson Group PLC bought a new position in shares of ServiceMaster Global Holdings during the 2nd quarter worth approximately $568,959,000. Vanguard Group Inc. raised its stake in shares of ServiceMaster Global Holdings by 1.0% during the 2nd 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. Longview Partners Guernsey LTD raised its stake in shares of ServiceMaster Global Holdings by 4.6% during the 3rd quarter. Longview Partners Guernsey LTD now owns 9,490,981 shares of the business services provider’s stock worth $443,514,000 after acquiring an additional 417,782 shares in the last quarter. Capital Research Global Investors raised its stake in shares of ServiceMaster Global Holdings by 4.4% during the 2nd 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. Finally, BlackRock Inc. raised its stake in shares of ServiceMaster Global Holdings by 31,635.5% during the 1st 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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