ServiceMaster Global Holdings Inc. (NYSE:SERV) was upgraded by stock analysts at TheStreet from a “hold” rating to a “buy” rating in a research note issued on Wednesday.
Several other research analysts also recently commented on SERV. Zacks Investment Research downgraded ServiceMaster Global Holdings from a “hold” rating to a “sell” rating in a report on Wednesday. Nomura decreased their price objective on ServiceMaster Global Holdings from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, August 16th. Finally, Morgan Stanley began coverage on ServiceMaster Global Holdings in a report on Monday, August 1st. They issued an “overweight” rating and a $45.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. ServiceMaster Global Holdings currently has a consensus rating of “Hold” and a consensus price target of $42.86.
ServiceMaster Global Holdings (NYSE:SERV) traded up 1.69% on Wednesday, reaching $39.03. The company had a trading volume of 519,142 shares. ServiceMaster Global Holdings has a one year low of $32.41 and a one year high of $42.21. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 38.23 and a beta of 1.06. The company’s 50 day moving average is $35.81 and its 200-day moving average is $37.15.
ServiceMaster Global Holdings (NYSE:SERV) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.59 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.59. ServiceMaster Global Holdings had a return on equity of 44.95% and a net margin of 5.23%. The business had revenue of $758 million for the quarter, compared to the consensus estimate of $758 million. During the same quarter last year, the business posted $0.54 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts expect that ServiceMaster Global Holdings will post $2.00 earnings per share for the current fiscal year.
In related news, CEO Robert J. Gillette sold 343,750 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $36.42, for a total value of $12,519,375.00. Following the sale, the chief executive officer now directly owns 294,365 shares of the company’s stock, valued at $10,720,773.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Susan Hunsberger sold 74,189 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $36.45, for a total value of $2,704,189.05. Following the completion of the sale, the senior vice president now directly owns 110,855 shares in the company, valued at $4,040,664.75. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of SERV. Checchi Capital Advisers LLC boosted its stake in ServiceMaster Global Holdings by 5,105.1% in the second quarter. Checchi Capital Advisers LLC now owns 3,071 shares of the company’s stock valued at $122,000 after buying an additional 3,012 shares during the last quarter. First Manhattan Co. acquired a new stake in ServiceMaster Global Holdings during the second quarter valued at about $125,000. American International Group Inc. boosted its stake in ServiceMaster Global Holdings by 16.6% in the second quarter. American International Group Inc. now owns 3,342 shares of the company’s stock valued at $133,000 after buying an additional 475 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in ServiceMaster Global Holdings during the third quarter valued at about $131,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in ServiceMaster Global Holdings by 14.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,158 shares of the company’s stock valued at $140,000 after buying an additional 528 shares during the last quarter.
ServiceMaster Global Holdings Company Profile