Rollins (NYSE:ROL) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Rollins (NYSE:ROL) had its price target raised by analysts at Canaccord Genuity Group from $48.00 to $49.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the business services provider’s stock. Canaccord Genuity Group’s price target would suggest a potential downside of 3.34% from the stock’s current price.

ROL has been the subject of a number of other research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research note on Monday, January 6th. UBS Group lifted their price objective on Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Barclays began coverage on Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 target price on the stock. Morgan Stanley raised their target price on Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company raised their target price on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $52.00.

Rollins Stock Performance

Shares of ROL stock opened at $50.70 on Friday. The business has a fifty day moving average of $48.09 and a 200 day moving average of $49.01. The firm has a market capitalization of $24.55 billion, a price-to-earnings ratio of 52.81 and a beta of 0.76. Rollins has a 1 year low of $40.41 and a 1 year high of $52.83. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. Rollins had a return on equity of 38.67% and a net margin of 14.18%. As a group, research analysts expect that Rollins will post 0.99 earnings per share for the current year.

Institutional Investors Weigh In On Rollins

Several institutional investors have recently bought and sold shares of ROL. CWM LLC boosted its holdings in Rollins by 74.5% in the 3rd quarter. CWM LLC now owns 17,682 shares of the business services provider’s stock worth $894,000 after buying an additional 7,549 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Rollins by 157.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 10,028 shares of the business services provider’s stock worth $507,000 after buying an additional 6,137 shares during the last quarter. Creative Planning boosted its holdings in Rollins by 27.1% in the 3rd quarter. Creative Planning now owns 23,169 shares of the business services provider’s stock worth $1,172,000 after buying an additional 4,946 shares during the last quarter. Swedbank AB boosted its holdings in Rollins by 32.2% in the 3rd quarter. Swedbank AB now owns 16,530 shares of the business services provider’s stock worth $836,000 after buying an additional 4,024 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in Rollins by 17.7% in the 3rd quarter. Vontobel Holding Ltd. now owns 16,613 shares of the business services provider’s stock worth $840,000 after buying an additional 2,497 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

About Rollins

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.