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

Rollins (NYSE:ROL – Get Free Report) had its price objective boosted by equities researchers at Wells Fargo & Company from $26.00 to $30.00 in a report released on Monday, Benzinga reports. The firm currently has an “underweight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price points to a potential downside of 21.59% from the company’s current price.

ROL has been the topic of several other research reports. The Goldman Sachs Group set a $42.00 price target on shares of Rollins in a research report on Thursday, October 22nd. JPMorgan Chase & Co. cut their price objective on shares of Rollins from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Tuesday, October 13th. Royal Bank Of Canada cut shares of Rollins from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $52.00 to $40.00 in a research report on Thursday, July 23rd. Morgan Stanley reduced their target price on shares of Rollins from $45.00 to $43.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Finally, UBS Group boosted their target price on shares of Rollins from $36.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, October 23rd. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Rollins currently has a consensus rating of “Hold” and a consensus target price of $40.56.

Get Our Latest Stock Analysis on Rollins

Rollins Trading Up 0.8%

Rollins stock traded up $0.31 during trading on Monday, reaching $38.26. 642,227 shares of the company were exchanged, compared to its average volume of 4,721,120. The stock’s 50 day simple moving average is $33.63 and its two-hundred day simple moving average is $46.37. The company has a market capitalization of $18.29 billion, a P/E ratio of 35.03, a PEG ratio of 4.30 and a beta of 0.73. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.62 and a quick ratio of 0.58. Rollins has a 52-week low of $29.28 and a 52-week high of $66.14.

Rollins (NYSE:ROL – Get Free Report) last issued its earnings results on Wednesday, October 21st. The business services provider reported $0.34 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the business earned $0.35 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities research analysts expect that Rollins will post 1.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rollins

Several large investors have recently modified their holdings of ROL. Wellington Grp LLC lifted its position in shares of Rollins by 86.7% during the 3rd quarter. Wellington Grp LLC now owns 37,761 shares of the business services provider’s stock worth $1,137,000 after buying an additional 17,536 shares during the last quarter. Diversified Trust Co purchased a new position in shares of Rollins in the 3rd quarter valued at $458,000. Compass Capital Management Inc. purchased a new position in shares of Rollins in the 3rd quarter valued at $41,027,000. Money Concepts Capital Corp grew its position in shares of Rollins by 12.3% in the 3rd quarter. Money Concepts Capital Corp now owns 19,623 shares of the business services provider’s stock valued at $591,000 after buying an additional 2,153 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Rollins by 29.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 321,633 shares of the business services provider’s stock worth $9,694,000 after acquiring an additional 73,036 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Rollins (NYSE:ROL)

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