Nomura Downgrades Servicemaster Global Holdings Inc to Reduce

Brokerage firm Nomura Downgrades its rating on Servicemaster Global Holdings Inc(NYSE:SERV). The shares have been rated Reduce. Previously, the analysts had a Neutral rating on the shares. The rating by Nomura was issued on Sep 19, 2016.

In a different note, On Aug 16, 2016, Nomura said it Maintains its rating on Servicemaster Global Holdings Inc. In the research note, the firm Lowers the price-target to $37.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 29, 2016, Nomura said it Maintains its rating on Servicemaster Global Holdings Inc. In the research note, the firm Lowers the price-target to $38.00 per share. The shares have been rated ‘Neutral’ by the firm.

Servicemaster Global Holdings Inc (SERV) made into the market gainers list on Thursdays trading session with the shares advancing 0.09% or 0.03 points. Due to strong positive momentum, the stock ended at $33.95, which is also near the day’s high of $34.07. The stock began the session at $33.98 and the volume stood at 13,34,568 shares. The 52-week high of the shares is $42.21 and the 52 week low is $32.1. The company has a current market capitalization of $4,600 M and it has 13,55,05,480 shares in outstanding.

Servicemaster Global Holdings Inc(SERV) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $747.00M. Analysts had an estimated revenue of $767.40M. Earnings per share were $0.67. Analysts had estimated an EPS of $0.66.

Several Insider Transactions has been reported to the SEC. On Aug 12, 2016, James T Lucke (SVP, General Counsel & Sec.) sold 5,199 shares at $38.00 per share price.Also, On May 12, 2016, Susan Hunsberger (SVP, Human Resources) sold 20,000 shares at $36.06 per share price.On Mar 14, 2016, Mark J Barry (Chief Marketing & Strategy Ofc) sold 61,084 shares at $38.61 per share price, according to the Form-4 filing with the securities and exchange commission.

ServiceMaster Global Holdings Inc. is a holding company. The Company is a provider of residential and commercial services operating through a service network of more than 8000 company owned locations and franchise and license agreements. The Company’s services include termite and pest control home warranties disaster restoration janitorial residential cleaning furniture repair and home inspection. Its portfolio of brands includes Terminix American Home Shield ServiceMaster Restore ServiceMaster Clean Merry Maids Furniture Medic and AmeriSpec. The Company’s segments include Terminix American Home Shield and the Franchise Services Group. The Terminix segment is a provider of termite and pest control services. The American Home Shield segment is a provider of home warranty plans for household systems and appliances. The Franchise Services Group segment provides residential and commercial disaster restoration janitorial and cleaning services through franchises.

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