Analysts Set Rollins, Inc. (NYSE:ROL) Price Target at $62.18

Shares of Rollins, Inc. (NYSE:ROL) have received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $62.1818.

ROL has been the subject of several analyst reports. JPMorgan Chase & Co. assumed coverage on shares of Rollins in a research report on Friday, September 26th. They set an “overweight” rating and a $70.00 price target for the company. Barclays increased their price target on shares of Rollins from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Friday, July 25th. Zacks Research cut shares of Rollins from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Piper Sandler lifted their price target on shares of Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Rollins in a report on Tuesday, October 14th.

Rollins Trading Down 0.2%

NYSE ROL opened at $56.65 on Wednesday. The company’s 50-day moving average price is $56.91 and its 200-day moving average price is $56.69. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. The stock has a market cap of $27.45 billion, a PE ratio of 56.09 and a beta of 0.69. Rollins has a 12 month low of $45.34 and a 12 month high of $59.12.

Hedge Funds Weigh In On Rollins

A number of institutional investors and hedge funds have recently made changes to their positions in ROL. Citizens Financial Group Inc. RI purchased a new stake in Rollins during the third quarter worth approximately $224,000. Swmg LLC grew its position in Rollins by 34.4% in the 3rd quarter. Swmg LLC now owns 15,809 shares of the business services provider’s stock valued at $898,000 after buying an additional 4,047 shares during the last quarter. Freedom Day Solutions LLC raised its position in Rollins by 2.3% in the third quarter. Freedom Day Solutions LLC now owns 48,006 shares of the business services provider’s stock worth $2,820,000 after acquiring an additional 1,101 shares in the last quarter. Legacy Trust purchased a new position in Rollins in the third quarter worth $382,000. Finally, Oregon Public Employees Retirement Fund raised its position in Rollins by 31.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 32,047 shares of the business services provider’s stock worth $1,882,000 after acquiring an additional 7,742 shares in the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Company Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.