Rollins (NYSE:ROL) Price Target Cut to $32.00 by Analysts at Citigroup

Rollins (NYSE:ROL) had its price objective dropped by stock analysts at Citigroup from $46.00 to $32.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. Citigroup’s price target suggests a potential downside of 5.61% from the stock’s previous close.

Several other equities research analysts have also issued reports on ROL. Morgan Stanley dropped their price objective on Rollins from $45.00 to $43.00 and set an “overweight” rating for the company in a research note on Tuesday. Weiss Ratings lowered Rollins from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. BNP Paribas Exane lowered their price target on Rollins from $44.00 to $35.00 and set a “neutral” rating on the stock in a report on Tuesday, September 29th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $27.00 price target (down from $32.00) on shares of Rollins in a report on Tuesday, September 29th. Finally, Canaccord Genuity Group set a $45.00 price target on Rollins and gave the company a “hold” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Rollins has a consensus rating of “Hold” and a consensus target price of $44.00.

Rollins Price Performance

NYSE:ROL traded up $1.27 during trading hours on Thursday, hitting $33.90. The stock had a trading volume of 4,739,851 shares, compared to its average volume of 4,486,993. The company has a 50 day simple moving average of $34.13 and a two-hundred day simple moving average of $43.44. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58. Rollins has a one year low of $29.28 and a one year high of $66.14. The firm has a market capitalization of $16.31 billion, a price-to-earnings ratio of 30.81, a P/E/G ratio of 3.58 and a beta of 0.73.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Rollins had a net margin of 13.55% and a return on equity of 38.81%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 earnings per share. Research analysts forecast that Rollins will post 1.16 earnings per share for the current fiscal year.

Institutional Trading of Rollins

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Trust Services Inc. grew its position in Rollins by 108.9% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 36,997 shares of the business services provider’s stock worth $1,114,000 after acquiring an additional 19,287 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Rollins by 17.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 11,125 shares of the business services provider’s stock valued at $464,000 after acquiring an additional 1,692 shares during the last quarter. State Street Corp increased its stake in Rollins by 3.7% in the second quarter. State Street Corp now owns 13,561,228 shares of the business services provider’s stock valued at $566,046,000 after acquiring an additional 488,046 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Rollins by 580.4% during the second quarter. The Manufacturers Life Insurance Company now owns 1,090,688 shares of the business services provider’s stock valued at $45,525,000 after purchasing an additional 930,397 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in Rollins during the second quarter valued at about $3,619,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Company Profile

Rollins, Inc is a global provider of pest and wildlife control services. The company serves residential and commercial customers with solutions for common pests, including insects, rodents, termites, bedbugs and mosquitoes. Its services also include wildlife management, sanitation and related specialty treatments.

Rollins operates through a portfolio of well-known brands, including Orkin, Terminix, HomeTeam Pest Defense and Critter Control. These brands provide recurring pest prevention, inspections, extermination, termite control and other property protection services to homeowners, businesses and institutions.

Founded in 1948 and headquartered in Atlanta, Georgia, Rollins has expanded its operations across the United States and into international markets.