Rentokil Initial (NYSE:RTO) Upgraded by Wall Street Zen to “Buy” Rating

Rentokil Initial (NYSE:RTO) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday.

A number of other research firms have also recently issued reports on RTO. The Goldman Sachs Group upgraded Rentokil Initial from a “neutral” rating to a “buy” rating in a report on Monday, July 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rentokil Initial in a research report on Wednesday, June 24th. Finally, Zacks Research cut Rentokil Initial from a “hold” rating to a “strong sell” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $34.50.

Rentokil Initial Stock Down 1.6%

Shares of NYSE:RTO traded down $0.47 during midday trading on Friday, reaching $29.66. 613,794 shares of the company were exchanged, compared to its average volume of 720,591. Rentokil Initial has a fifty-two week low of $22.77 and a fifty-two week high of $34.67. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.76. The stock has a fifty day simple moving average of $30.60 and a two-hundred day simple moving average of $31.36.

Hedge Funds Weigh In On Rentokil Initial

Several hedge funds have recently modified their holdings of RTO. Caitong International Asset Management Co. Ltd raised its holdings in Rentokil Initial by 222.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,163 shares of the company’s stock worth $34,000 after acquiring an additional 802 shares in the last quarter. GAMMA Investing LLC grew its stake in Rentokil Initial by 76.5% in the fourth quarter. GAMMA Investing LLC now owns 1,232 shares of the company’s stock valued at $36,000 after purchasing an additional 534 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Rentokil Initial during the 4th quarter worth approximately $39,000. V Square Quantitative Management LLC raised its stake in shares of Rentokil Initial by 84.5% during the 1st quarter. V Square Quantitative Management LLC now owns 1,395 shares of the company’s stock worth $44,000 after purchasing an additional 639 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Rentokil Initial by 53.8% in the 3rd quarter. IFP Advisors Inc now owns 1,972 shares of the company’s stock valued at $50,000 after buying an additional 690 shares during the last quarter. Institutional investors own 9.91% of the company’s stock.

About Rentokil Initial

Rentokil Initial PLC is a global business services company specializing in pest control, hygiene and workwear services. Headquartered in Crawley, West Sussex, United Kingdom, the company delivers outsourced solutions designed to protect people, preserve assets and enhance workplaces for both commercial and residential customers.

Under the Rentokil Pest Control brand, the company offers services ranging from routine inspections and treatment of insects, rodents and birds to specialised programmes for food manufacturing and healthcare environments.