Rollins (NYSE:ROL) Given New $46.00 Price Target at Piper Sandler

Rollins (NYSE:ROLGet Free Report) had its price target lowered by research analysts at Piper Sandler from $72.00 to $46.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the business services provider’s stock. Piper Sandler’s price objective points to a potential upside of 19.46% from the company’s previous close.

A number of other brokerages have also commented on ROL. Canaccord Genuity Group set a $45.00 price target on Rollins in a research note on Thursday. Rothschild & Co Redburn set a $66.00 price target on shares of Rollins and gave the company a “buy” rating in a research note on Monday, April 27th. Wells Fargo & Company lowered shares of Rollins from an “overweight” rating to an “underweight” rating and lowered their price objective for the company from $46.00 to $32.00 in a research note on Friday. Loop Capital started coverage on Rollins in a research note on Monday, April 13th. They issued a “hold” rating and a $56.00 price objective on the stock. Finally, Citigroup started coverage on shares of Rollins in a research note on Wednesday, July 15th. They issued a “neutral” rating and a $46.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $49.00.

Check Out Our Latest Report on Rollins

Rollins Price Performance

ROL stock traded down $0.93 during trading on Friday, reaching $38.51. 2,318,199 shares of the company were exchanged, compared to its average volume of 3,651,601. The company has a 50-day moving average of $46.40 and a two-hundred day moving average of $53.87. The company has a market capitalization of $18.54 billion, a price-to-earnings ratio of 35.19, a P/E/G ratio of 2.67 and a beta of 0.75. Rollins has a twelve month low of $36.59 and a twelve month high of $66.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.59.

Rollins (NYSE:ROLGet Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). Rollins had a return on equity of 38.81% and a net margin of 13.55%.The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the company posted $0.30 earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities analysts predict that Rollins will post 1.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rollins

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. DV Equities LLC purchased a new stake in shares of Rollins in the 4th quarter worth about $25,000. Cornerstone Planning Group LLC grew its stake in shares of Rollins by 528.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after buying an additional 354 shares during the last quarter. Torren Management LLC bought a new position in Rollins during the 4th quarter valued at approximately $36,000. Fideuram Asset Management Ireland dac purchased a new position in Rollins during the fourth quarter valued at $43,000. Finally, Quarry LP boosted its holdings in Rollins by 155.2% in the fourth quarter. Quarry LP now owns 740 shares of the business services provider’s stock worth $44,000 after acquiring an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins News Summary

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About Rollins

(Get Free Report)

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.

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