Rollins (NYSE:ROL) Stock Rating Lowered by Zacks Research

Rollins (NYSE:ROL) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Raymond James Financial set a $35.00 target price on shares of Rollins in a research report on Thursday, July 23rd. Barclays set a $45.00 price target on shares of Rollins and gave the stock an “overweight” rating in a research report on Friday, July 24th. Morgan Stanley cut their price objective on shares of Rollins from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Citigroup initiated coverage on shares of Rollins in a research note on Wednesday, July 15th. They issued a “neutral” rating and a $46.00 target price on the stock. Finally, The Goldman Sachs Group restated a “buy” rating and set a $67.00 target price on shares of Rollins in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Rollins currently has an average rating of “Hold” and an average target price of $48.71.

Rollins Price Performance

NYSE:ROL opened at $38.83 on Tuesday. The firm has a market cap of $18.68 billion, a P/E ratio of 35.30, a price-to-earnings-growth ratio of 4.23 and a beta of 0.75. The stock has a 50 day moving average of $45.21 and a two-hundred day moving average of $53.29. Rollins has a 12 month low of $36.59 and a 12 month high of $66.14. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.The business’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 earnings per share. On average, analysts expect that Rollins will post 1.2 earnings per share for the current fiscal year.

Institutional Trading of Rollins

Several institutional investors have recently made changes to their positions in ROL. Vanguard Group Inc. increased its stake in Rollins by 4.3% during 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 raised its position in Rollins by 4.7% in the fourth 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 during the period. Geode Capital Management LLC lifted 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 during the last quarter. Invesco Ltd. lifted 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 during the last quarter. Finally, Norges Bank purchased a new position in shares of Rollins during the 4th quarter worth $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.