Citigroup Upgrades Rollins (NYSE:ROL) to “Buy”

Rollins (NYSE:ROL) was upgraded by research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, FinViz reports. The firm currently has a $49.00 price objective on the business services provider’s stock, up from their prior price objective of $32.00. Citigroup‘s price target would indicate a potential upside of 29.08% from the company’s current price.

Several other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Rollins from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 13th. Canaccord Genuity Group set a $33.00 target price on shares of Rollins and gave the stock a “hold” rating in a research note on Friday, October 23rd. Piper Sandler downgraded Rollins from an “overweight” rating to a “neutral” rating and cut their price target for the company from $46.00 to $33.00 in a report on Wednesday, September 23rd. Zacks Research lowered Rollins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Finally, Royal Bank Of Canada lowered Rollins from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $52.00 to $40.00 in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $40.31.

Rollins Trading Up 0.0%

Shares of ROL stock opened at $37.96 on Monday. The company has a market capitalization of $18.15 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 4.30 and a beta of 0.73. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $33.63 and a 200 day moving average price of $46.37. Rollins has a twelve month low of $29.28 and a twelve month high of $66.14.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, October 21st. The business services provider reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Rollins had a net margin of 13.19% and a return on equity of 39.43%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $0.35 EPS. Research analysts forecast that Rollins will post 1.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rollins

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Rollins in the second quarter valued at about $1,204,334,000. Legal & General Group Plc acquired a new stake in Rollins during the 2nd quarter valued at approximately $84,181,000. Bank of New York Mellon Corp purchased a new stake in Rollins during the 2nd quarter worth approximately $65,993,000. Manning & Napier Advisors LLC purchased a new stake in Rollins during the 2nd quarter worth approximately $63,126,000. Finally, Danske Bank A S purchased a new stake in Rollins during the 2nd quarter worth approximately $61,792,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Company Profile

Rollins, Inc is a global provider of pest and termite control services for residential and commercial customers. Its services include inspections, prevention and treatment for common household and business pests, as well as termite protection, mosquito control and wildlife removal.

The company operates through brands including Orkin, HomeTeam Pest Defense and Clark Pest Control. Founded in 1948, Rollins expanded into pest control with its 1964 acquisition of Orkin, which remains one of its best-known brands.

Based in Atlanta, Georgia, Rollins serves customers across the United States and in international markets.