ServiceMaster Global Holdings, Inc. (SERV) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) have earned a consensus rating of “Hold” from the eight brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $41.50.

Several analysts have issued reports on the stock. Instinet raised their price objective on shares of ServiceMaster Global Holdings from $30.00 to $32.00 and gave the stock a “reduce” rating in a research note on Thursday, May 25th. Zacks Investment Research raised shares of ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, March 9th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $49.00 target price on shares of ServiceMaster Global Holdings in a research report on Thursday, April 6th. Finally, J P Morgan Chase & Co began coverage on shares of ServiceMaster Global Holdings in a research report on Thursday, April 20th. They set an “overweight” rating and a $49.00 target price on the stock.

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Institutional investors have recently modified their holdings of the stock. Moody Lynn & Lieberson LLC raised its position in shares of ServiceMaster Global Holdings by 0.3% in the first quarter. Moody Lynn & Lieberson LLC now owns 9,745 shares of the business services provider’s stock valued at $407,000 after buying an additional 29 shares during the last quarter. Utah Retirement Systems raised its position in shares of ServiceMaster Global Holdings by 0.4% in the first quarter. Utah Retirement Systems now owns 24,700 shares of the business services provider’s stock valued at $1,031,000 after buying an additional 100 shares during the last quarter. Pitcairn Co. raised its position in shares of ServiceMaster Global Holdings by 1.3% in the first quarter. Pitcairn Co. now owns 10,875 shares of the business services provider’s stock valued at $454,000 after buying an additional 135 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of ServiceMaster Global Holdings by 5.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,597 shares of the business services provider’s stock valued at $211,000 after buying an additional 309 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of ServiceMaster Global Holdings by 1.0% in the first quarter. Public Employees Retirement System of Ohio now owns 57,309 shares of the business services provider’s stock valued at $2,393,000 after buying an additional 553 shares during the last quarter.

ServiceMaster Global Holdings (NYSE:SERV) traded down 1.48% during midday trading on Tuesday, hitting $39.35. The stock had a trading volume of 563,166 shares. ServiceMaster Global Holdings has a 1-year low of $32.41 and a 1-year high of $42.45. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 34.82 and a beta of 1.02. The firm has a 50-day moving average price of $38.12 and a 200-day moving average price of $38.81.

ServiceMaster Global Holdings (NYSE:SERV) last announced its quarterly earnings data on Thursday, April 27th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The firm had revenue of $643 million during the quarter, compared to the consensus estimate of $638.52 million. ServiceMaster Global Holdings had a return on equity of 43.03% and a net margin of 5.61%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.34 EPS. On average, equities research analysts anticipate that ServiceMaster Global Holdings will post $2.14 earnings per share for the current year.

ServiceMaster Global Holdings Company Profile

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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