Rollins (NYSE:ROL – Get Free Report) had its price objective lowered by Morgan Stanley from $70.00 to $65.00 in a report issued on Wednesday, Marketbeat.com reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. Morgan Stanley’s target price indicates a potential upside of 48.89% from the company’s current price.
A number of other equities analysts have also issued reports on the stock. Rothschild & Co Redburn set a $66.00 price target on shares of Rollins and gave the stock a “buy” rating in a research report on Monday, April 27th. UBS Group upped their price objective on shares of Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Canaccord Genuity Group set a $51.00 price objective on shares of Rollins and gave the stock a “hold” rating in a research note on Friday, April 24th. Wells Fargo & Company set a $46.00 target price on shares of Rollins and gave the stock an “equal weight” rating in a report on Thursday, June 25th. Finally, Weiss Ratings downgraded shares of Rollins from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $62.71.
View Our Latest Research Report on ROL
Rollins Price Performance
Rollins (NYSE:ROL – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The business had revenue of $906.42 million for the quarter, compared to the consensus estimate of $895.17 million. During the same quarter in the previous year, the business earned $0.22 EPS. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts forecast that Rollins will post 1.24 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ROL. Vanguard Group Inc. boosted its stake in shares of Rollins by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock worth $2,297,717,000 after acquiring an additional 1,562,241 shares in the last quarter. State Street Corp increased its stake in shares of Rollins by 4.7% in the 4th quarter. State Street Corp now owns 12,850,361 shares of the business services provider’s stock valued at $771,279,000 after purchasing an additional 575,946 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Rollins by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider’s stock valued at $608,256,000 after purchasing an additional 626,866 shares in the last quarter. Invesco Ltd. raised its holdings in Rollins by 8.2% in the 4th quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider’s stock worth $365,473,000 after purchasing an additional 461,869 shares during the period. Finally, Norges Bank acquired a new position in Rollins in the 4th quarter worth about $244,669,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.
Rollins Company Profile
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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