Rollins, Inc. (ROL) Given Average Recommendation of “Hold” by Brokerages

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Shares of Rollins, Inc. (NYSE:ROL) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $53.33.

Several equities analysts have weighed in on the company. Sidoti assumed coverage on Rollins in a report on Wednesday, June 27th. They set a “buy” rating for the company. Zacks Investment Research lowered Rollins from a “hold” rating to a “sell” rating in a report on Friday, June 22nd. Nomura increased their price objective on Rollins from $55.00 to $60.00 and gave the company a “buy” rating in a report on Monday, June 4th. Stifel Nicolaus assumed coverage on Rollins in a report on Thursday, May 31st. They set a “hold” rating and a $50.00 price objective for the company. Finally, Buckingham Research assumed coverage on Rollins in a report on Wednesday, May 9th. They set a “neutral” rating and a $50.00 price objective for the company.

Rollins opened at $55.87 on Monday, Marketbeat.com reports. The company has a market capitalization of $12.19 billion, a PE ratio of 64.22 and a beta of 0.24. Rollins has a 12-month low of $41.03 and a 12-month high of $56.11.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, April 25th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $408.70 million during the quarter, compared to the consensus estimate of $402.95 million. Rollins had a net margin of 10.97% and a return on equity of 30.79%. The business’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.17 earnings per share. analysts anticipate that Rollins will post 1.1 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in ROL. Royal Bank of Canada grew its holdings in Rollins by 28.1% during the first quarter. Royal Bank of Canada now owns 859,911 shares of the business services provider’s stock valued at $43,881,000 after purchasing an additional 188,454 shares during the period. BlackRock Inc. lifted its position in shares of Rollins by 2.0% during the first quarter. BlackRock Inc. now owns 9,002,795 shares of the business services provider’s stock worth $459,413,000 after acquiring an additional 175,994 shares in the last quarter. Guggenheim Capital LLC lifted its position in shares of Rollins by 1,571.5% during the fourth quarter. Guggenheim Capital LLC now owns 108,179 shares of the business services provider’s stock worth $5,034,000 after acquiring an additional 101,707 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Rollins by 27.2% during the fourth quarter. TIAA CREF Investment Management LLC now owns 438,548 shares of the business services provider’s stock worth $20,406,000 after acquiring an additional 93,868 shares in the last quarter. Finally, CIBC World Markets Inc. purchased a new stake in shares of Rollins during the first quarter worth $3,197,000. 37.95% of the stock is owned by institutional investors and hedge funds.

About Rollins

Rollins, Inc, through its subsidiaries, provides pest and termite control services to residential and commercial customers. It offers protection against termite damage, rodents, and insects to homes and businesses, including hotels, food service establishments, food manufacturers, retailers, and transportation companies.

Further Reading: Price to Earnings Ratio (PE)

Analyst Recommendations for Rollins (NYSE:ROL)

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