Servicemaster Global (NYSE:SERV) Cut to Sell at Zacks Investment Research

Servicemaster Global (NYSE:SERV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday, 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. “

SERV has been the subject of a number of other research reports. Nomura reiterated a “buy” rating and set a $62.00 price objective on shares of Servicemaster Global in a research report on Thursday, August 8th. Morgan Stanley lifted their price objective on Servicemaster Global from $54.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Bank of America dropped their price objective on Servicemaster Global from $50.00 to $42.00 and set an “underperform” rating for the company in a research report on Wednesday, October 23rd. ValuEngine cut Servicemaster Global from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Buckingham Research reiterated a “neutral” rating and set a $45.00 price objective (down previously from $61.00) on shares of Servicemaster Global in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $52.63.

Servicemaster Global stock traded down $1.63 during midday trading on Friday, reaching $35.02. 2,745,402 shares of the company were exchanged, compared to its average volume of 904,497. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 36.86, a P/E/G ratio of 1.64 and a beta of 0.50. The firm’s 50-day simple moving average is $50.46 and its 200-day simple moving average is $53.04. Servicemaster Global has a 1 year low of $34.28 and a 1 year high of $58.78. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.09 and a current ratio of 1.17.

Servicemaster Global (NYSE:SERV) last posted its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. The firm had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $528.05 million. Servicemaster Global had a positive return on equity of 7.97% and a negative net margin of 4.64%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS. On average, analysts forecast that Servicemaster Global will post 1.33 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of SERV. BlackRock Inc. grew its holdings in Servicemaster Global by 18.3% in the 2nd quarter. BlackRock Inc. now owns 6,928,643 shares of the business services provider’s stock valued at $360,913,000 after buying an additional 1,071,317 shares during the period. Morgan Stanley grew its holdings in Servicemaster Global by 17.9% in the 2nd quarter. Morgan Stanley now owns 5,238,989 shares of the business services provider’s stock valued at $272,899,000 after buying an additional 795,651 shares during the period. Nuveen Asset Management LLC purchased a new stake in Servicemaster Global in the 2nd quarter valued at about $37,623,000. Columbus Circle Investors purchased a new stake in Servicemaster Global in the 2nd quarter valued at about $11,599,000. Finally, Pictet Asset Management Ltd. grew its holdings in Servicemaster Global by 17.6% in the 2nd quarter. Pictet Asset Management Ltd. now owns 1,134,976 shares of the business services provider’s stock valued at $59,121,000 after buying an additional 169,670 shares during the period.

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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