Rollins’ (ROL) “Underperform” Rating Reaffirmed at Bank of America

Rollins (NYSE:ROLGet Free Report)‘s stock had its “underperform” rating reiterated by research analysts at Bank of America in a report issued on Thursday,Benzinga reports. They currently have a $35.00 target price on the business services provider’s stock, down from their prior target price of $55.00. Bank of America‘s price objective suggests a potential downside of 19.64% from the stock’s current price.

ROL has been the subject of several other reports. Rothschild & Co Redburn set a $66.00 target price on shares of Rollins and gave the company a “buy” rating in a research note on Monday, April 27th. Wells Fargo & Company set a $46.00 price objective on shares of Rollins and gave the company an “equal weight” rating in a report on Thursday, June 25th. Canaccord Genuity Group set a $51.00 price objective on shares of Rollins and gave the stock a “hold” rating in a research report on Friday, April 24th. Sanford C. Bernstein downgraded Rollins from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $70.00 to $52.00 in a research note on Friday, May 29th. Finally, Morgan Stanley lowered their target price on Rollins from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $56.93.

Read Our Latest Analysis on ROL

Rollins Trading Down 0.7%

Shares of ROL stock opened at $43.55 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. Rollins has a 12-month low of $41.50 and a 12-month high of $66.14. The stock’s 50-day moving average price is $46.68 and its 200-day moving average price is $54.01. The stock has a market capitalization of $20.97 billion, a price-to-earnings ratio of 39.96, a price-to-earnings-growth ratio of 2.69 and a beta of 0.75.

Rollins (NYSE:ROLGet Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Rollins had a net margin of 13.77% and a return on equity of 38.37%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the business posted $0.30 EPS. The firm’s revenue was up 7.9% on a year-over-year basis. Equities research analysts predict that Rollins will post 1.24 EPS for the current fiscal year.

Institutional Trading of Rollins

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Rollins by 4.3% in the fourth 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 during the last quarter. State Street Corp grew its holdings in Rollins by 4.7% during 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 holdings in Rollins by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider’s stock worth $608,256,000 after purchasing an additional 626,866 shares during the last quarter. Invesco Ltd. raised its stake in shares of Rollins by 8.2% in the 4th quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider’s stock valued at $365,473,000 after purchasing an additional 461,869 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Rollins in the 4th quarter valued at approximately $244,669,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins News Summary

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Rollins Company Profile

(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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