Rollins (NYSE:ROL) Price Target Lowered to $65.00 at Morgan Stanley

by · The Markets Daily

Rollins (NYSE:ROL – Get Free Report) had its price objective cut by research analysts at Morgan Stanley from $70.00 to $65.00 in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The firm presently has an “overweight” rating on the business services provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 48.89% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. UBS Group boosted their price objective on Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Weiss Ratings downgraded Rollins from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 26th. Wells Fargo & Company set a $46.00 price target on Rollins and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Sanford C. Bernstein cut Rollins from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $70.00 to $52.00 in a research report on Friday, May 29th. Finally, Rothschild & Co Redburn set a $66.00 price objective on Rollins and gave the company a “buy” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.71.

Read Our Latest Stock Analysis on Rollins

Rollins Stock Performance

ROL opened at $43.66 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.35. The company has a market cap of $21.02 billion, a price-to-earnings ratio of 40.05, a PEG ratio of 2.63 and a beta of 0.75. Rollins has a 52-week low of $41.50 and a 52-week high of $66.14. The firm’s fifty day simple moving average is $48.84 and its two-hundred day simple moving average is $55.24.

Rollins (NYSE:ROL – Get Free Report) last released its earnings results on Wednesday, April 22nd. The business services provider reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Rollins had a net margin of 13.77% and a return on equity of 38.37%. The business had revenue of $906.42 million during the quarter, compared to analysts’ expectations of $895.17 million. During the same quarter in the previous year, the company earned $0.22 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. Equities analysts anticipate that Rollins will post 1.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rollins

Several hedge funds and other institutional investors have recently made changes to their positions in ROL. DV Equities LLC purchased a new position in Rollins during the fourth quarter worth approximately $25,000. Cornerstone Planning Group LLC grew its holdings in Rollins by 528.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock valued at $26,000 after buying an additional 354 shares in the last quarter. Board of the Pension Protection Fund purchased a new stake in Rollins in the 4th quarter valued at $30,000. Torren Management LLC acquired a new stake in shares of Rollins in the 4th quarter worth $36,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in shares of Rollins in the 4th quarter worth $43,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

About Rollins

(Get Free Report)

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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