Zacks Investment Research Upgrades Servicemaster Global (NYSE:SERV) to Hold

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Servicemaster Global (NYSE:SERV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday, Zacks.com reports.

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. “

A number of other research analysts have also issued reports on the stock. Buckingham Research set a $19.00 price target on shares of Adient and gave the stock a “sell” rating in a research note on Wednesday, May 8th. Morgan Stanley reiterated an “overweight” rating and set a GBX 2,280 ($29.79) price target on shares of Anglo American in a research note on Wednesday, May 8th. Finally, ValuEngine lowered shares of Valero Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Servicemaster Global has an average rating of “Hold” and an average price target of $46.89.

Shares of NYSE:SERV opened at $53.64 on Tuesday. The company has a 50-day simple moving average of $53.24. Servicemaster Global has a one year low of $34.28 and a one year high of $56.50. The company has a quick ratio of 1.13, a current ratio of 1.24 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $7.32 billion, a PE ratio of 56.46, a price-to-earnings-growth ratio of 2.09 and a beta of 0.75.

Servicemaster Global (NYSE:SERV) last issued its quarterly earnings results on Tuesday, May 7th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. Servicemaster Global had a negative net margin of 0.41% and a positive return on equity of 14.89%. The business had revenue of $482.00 million for the quarter, compared to analyst estimates of $473.13 million. During the same period in the previous year, the business posted $0.44 earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year. On average, equities research analysts forecast that Servicemaster Global will post 1.41 earnings per share for the current fiscal year.

In other Servicemaster Global news, Director Mark E. Tomkins sold 2,444 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $53.94, for a total transaction of $131,829.36. Following the transaction, the director now directly owns 17,398 shares in the company, valued at $938,448.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mary Kay Wegner sold 53,192 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $53.28, for a total transaction of $2,834,069.76. Following the transaction, the insider now owns 23,864 shares in the company, valued at $1,271,473.92. The disclosure for this sale can be found here. Insiders have sold 64,192 shares of company stock worth $3,430,404 over the last 90 days. 0.23% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc lifted its holdings in shares of Servicemaster Global by 7.3% in the fourth quarter. Legal & General Group Plc now owns 99,163 shares of the business services provider’s stock valued at $3,643,000 after purchasing an additional 6,760 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in shares of Servicemaster Global by 110.3% in the first quarter. Artisan Partners Limited Partnership now owns 2,565,982 shares of the business services provider’s stock valued at $119,831,000 after purchasing an additional 1,345,791 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in shares of Servicemaster Global in the first quarter valued at about $247,000. ETF Managers Group LLC lifted its holdings in shares of Servicemaster Global by 6.1% in the first quarter. ETF Managers Group LLC now owns 43,908 shares of the business services provider’s stock valued at $2,051,000 after purchasing an additional 2,538 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Servicemaster Global by 3.8% in the first quarter. New York State Common Retirement Fund now owns 477,274 shares of the business services provider’s stock valued at $22,289,000 after purchasing an additional 17,677 shares in the last quarter.

Servicemaster Global Company Profile

ServiceMaster Global Holdings, Inc provides services to residential and commercial customers in the termite, pest control, cleaning, and restoration markets in all 50 states and the District of Columbia. The company operates through two segments, Terminix and ServiceMaster Brands. The Terminix segment offers termite and pest control services, including termite remediation, annual termite inspection, and prevention treatments with damage claim guarantees, periodic pest control services, insulation services, mosquito control, crawlspace encapsulation, and wildlife exclusion.

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