Rollins (NYSE:ROL) Price Target Raised to $30.00

Rollins (NYSE:ROL) had its price objective lifted by Wells Fargo & Company from $26.00 to $30.00 in a report released on Monday, Benzinga reports. The firm presently has an “underweight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price suggests a potential downside of 21.59% from the stock’s previous close.

ROL has been the subject of several other reports. BNP Paribas Exane decreased their price objective on Rollins from $44.00 to $35.00 and set a “neutral” rating for the company in a report on Tuesday, September 29th. Argus cut shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. UBS Group upped their price target on shares of Rollins from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, October 23rd. Wall Street Zen cut shares of Rollins from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Royal Bank Of Canada downgraded shares of Rollins from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $52.00 to $40.00 in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $40.56.

Rollins Stock Performance

Shares of NYSE ROL traded up $0.31 during trading hours on Monday, reaching $38.26. The stock had a trading volume of 642,227 shares, compared to its average volume of 4,721,120. The firm has a 50-day moving average of $33.63 and a 200-day moving average of $46.37. The firm has a market cap of $18.29 billion, a price-to-earnings ratio of 35.03, 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. Rollins has a fifty-two week low of $29.28 and a fifty-two week high of $66.14.

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

Institutional Trading of Rollins

Hedge funds have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC increased its holdings in shares of Rollins by 1.1% in the first quarter. Sequoia Financial Advisors LLC now owns 16,365 shares of the business services provider’s stock valued at $874,000 after purchasing an additional 183 shares during the period. Sterling Group Wealth Management LLC raised its stake in shares of Rollins by 6.1% during the first quarter. Sterling Group Wealth Management LLC now owns 4,106 shares of the business services provider’s stock worth $219,000 after purchasing an additional 235 shares during the last quarter. Gallacher Capital Management LLC raised its stake in shares of Rollins by 5.6% during the first quarter. Gallacher Capital Management LLC now owns 5,087 shares of the business services provider’s stock worth $272,000 after purchasing an additional 268 shares during the last quarter. Raiffeisen Bank International AG raised its stake in shares of Rollins by 73.5% during the second quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider’s stock worth $27,000 after purchasing an additional 272 shares during the last quarter. Finally, Groupama Asset Managment lifted its holdings in shares of Rollins by 4.8% during the first quarter. Groupama Asset Managment now owns 7,106 shares of the business services provider’s stock worth $380,000 after purchasing an additional 325 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

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.