Todays Report: Today, ServiceMaster Global Holdings Inc. (SERV) Receives $42.50 Average Target Price from Brokerages

Today, ServiceMaster Global Holdings Inc. (SERV) Receives $42.50 Average Target Price from Brokerages

Shares of ServiceMaster Global Holdings Inc. (NYSE:SERV) have been assigned a consensus rating of “Hold” from the eight research firms that are currently covering the company. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $42.50.

Several research firms have commented on SERV. Zacks Investment Research downgraded shares of ServiceMaster Global Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. TheStreet raised shares of ServiceMaster Global Holdings from a “hold” rating to a “buy” rating in a report on Wednesday. Morgan Stanley set a $45.00 price objective on shares of ServiceMaster Global Holdings and gave the company a “buy” rating in a report on Wednesday, September 21st. Finally, Nomura dropped their price objective on shares of ServiceMaster Global Holdings from $37.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, August 16th.

In other ServiceMaster Global Holdings news, SVP Susan Hunsberger sold 74,189 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The shares were 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 owns 110,855 shares of the company’s stock, valued at $4,040,664.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP James T. Lucke sold 42,000 shares of the firm’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $37.64, for a total transaction of $1,580,880.00. Following the completion of the sale, the senior vice president now directly owns 51,230 shares of the company’s stock, valued at approximately $1,928,297.20. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in SERV. Longview Partners Guernsey LTD increased its stake in shares of ServiceMaster Global Holdings by 232.1% in the third quarter. Longview Partners Guernsey LTD now owns 9,163,419 shares of the company’s stock valued at $308,624,000 after buying an additional 6,403,781 shares during the last quarter. Scopia Capital Management LP purchased a new stake in shares of ServiceMaster Global Holdings during the third quarter valued at about $115,748,000. Capital Research Global Investors increased its stake in shares of ServiceMaster Global Holdings by 70.4% in the second quarter. Capital Research Global Investors now owns 8,191,000 shares of the company’s stock valued at $326,002,000 after buying an additional 3,385,000 shares during the last quarter. BlueMountain Capital Management LLC increased its stake in shares of ServiceMaster Global Holdings by 15,134.2% in the second quarter. BlueMountain Capital Management LLC now owns 2,773,385 shares of the company’s stock valued at $110,381,000 after buying an additional 2,755,180 shares during the last quarter. Finally, Incline Global Management LLC purchased a new stake in shares of ServiceMaster Global Holdings during the third quarter valued at about $38,720,000.

ServiceMaster Global Holdings (NYSE:SERV) opened at 39.03 on Monday. The stock has a market cap of $5.26 billion, a P/E ratio of 38.23 and a beta of 1.06. The company’s 50-day moving average price is $35.81 and its 200-day moving average price is $37.15. ServiceMaster Global Holdings has a one year low of $32.41 and a one year high of $42.21.

ServiceMaster Global Holdings (NYSE:SERV) last released its quarterly earnings data on Tuesday, October 25th. The company reported $0.59 EPS for the quarter, meeting the consensus estimate of $0.59. ServiceMaster Global Holdings had a net margin of 5.23% and a return on equity of 44.95%. The business earned $758 million during the quarter, compared to the consensus estimate of $758 million. During the same quarter in the prior year, the firm earned $0.54 EPS. The business’s revenue was up 7.4% on a year-over-year basis. Analysts forecast that ServiceMaster Global Holdings will post $2.00 EPS for the current fiscal year.

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