Servicemaster Global (NYSE:SERV) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.
SERV has been the topic of a number of other reports. Nomura increased their price objective on shares of Servicemaster Global from $36.00 to $39.00 and gave the company a “reduce” rating in a research report on Friday, November 3rd. Royal Bank of Canada dropped their price objective on shares of Servicemaster Global from $44.00 to $43.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 1st. Morgan Stanley increased their price objective on shares of Servicemaster Global from $60.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Instinet raised shares of Servicemaster Global from a “reduce” rating to a “buy” rating in a research report on Thursday, February 15th. Finally, Zacks Investment Research raised shares of Servicemaster Global from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $53.25.
Shares of Servicemaster Global (NYSE SERV) traded down $0.74 on Thursday, reaching $50.62. 1,068,845 shares of the company traded hands, compared to its average volume of 652,606. Servicemaster Global has a 1 year low of $36.34 and a 1 year high of $55.36. The stock has a market cap of $6,890.00, a P/E ratio of 28.76 and a beta of 0.93. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.99 and a current ratio of 1.03.
In related news, SVP James T. Lucke sold 21,000 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $50.24, for a total value of $1,055,040.00. Following the transaction, the senior vice president now directly owns 21,000 shares of the company’s stock, valued at approximately $1,055,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mary Kay Wegner sold 1,256 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $50.29, for a total transaction of $63,164.24. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of SERV. Cerebellum GP LLC purchased a new position in shares of Servicemaster Global in the 4th quarter valued at $131,000. Advisory Services Network LLC purchased a new position in shares of Servicemaster Global in the 4th quarter valued at $153,000. American International Group Inc. purchased a new position in shares of Servicemaster Global in the 4th quarter valued at $163,000. The Manufacturers Life Insurance Company grew its position in shares of Servicemaster Global by 18.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,529 shares of the business services provider’s stock valued at $177,000 after buying an additional 708 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in Servicemaster Global during the 3rd quarter worth $206,000.
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About Servicemaster Global
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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