Rollins (NYSE:ROL) Stock Price Target Cut by Canaccord Genuity Group

Rollins (NYSE:ROL) had its price objective reduced by analysts at Canaccord Genuity Group from $45.00 to $36.00 in a research note issued to investors on Monday, Marketbeat reports. The firm currently has a “hold” rating on the business services provider’s stock. Canaccord Genuity Group’s target price would indicate a potential upside of 8.00% from the stock’s previous close.

Several other equities analysts have also commented on ROL. Zacks Research lowered Rollins from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Bank of America restated a “neutral” rating and issued a $35.00 price target (down from $55.00) on shares of Rollins in a research note on Thursday, July 23rd. Royal Bank Of Canada downgraded Rollins from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $52.00 to $40.00 in a report on Thursday, July 23rd. UBS Group set a $36.00 price target on Rollins and gave the stock a “neutral” rating in a report on Wednesday, October 14th. Finally, Morgan Stanley lowered their price objective on Rollins from $45.00 to $43.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $42.47.

Rollins Price Performance

Shares of ROL opened at $33.33 on Monday. Rollins has a twelve month low of $29.28 and a twelve month high of $66.14. The firm’s fifty day simple moving average is $33.82 and its 200-day simple moving average is $42.88. The firm has a market capitalization of $16.04 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 3.63 and a beta of 0.73. 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 released its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%. Rollins’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the firm posted $0.30 earnings per share. Equities analysts forecast that Rollins will post 1.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Rollins

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC lifted its position in Rollins by 1.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 16,365 shares of the business services provider’s stock worth $874,000 after acquiring an additional 183 shares during the period. IFM Investors Pty Ltd grew its stake in shares of Rollins by 0.3% in the 1st quarter. IFM Investors Pty Ltd now owns 57,895 shares of the business services provider’s stock valued at $3,092,000 after purchasing an additional 185 shares during the last quarter. DGS Capital Management LLC grew its stake in shares of Rollins by 4.0% in the 1st quarter. DGS Capital Management LLC now owns 5,602 shares of the business services provider’s stock valued at $299,000 after purchasing an additional 215 shares during the last quarter. Sterling Group Wealth Management LLC increased its holdings in shares of Rollins by 6.1% in the first quarter. Sterling Group Wealth Management LLC now owns 4,106 shares of the business services provider’s stock valued at $219,000 after purchasing an additional 235 shares during the period. Finally, Gallacher Capital Management LLC increased its holdings in shares of Rollins by 5.6% in the first quarter. Gallacher Capital Management LLC now owns 5,087 shares of the business services provider’s stock valued at $272,000 after purchasing an additional 268 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins News Roundup

Here are the key news stories impacting Rollins this week:

• Positive Sentiment: Rollins’ board approved a quarterly cash dividend of $0.20 per share, payable December 10 to shareholders of record November 10. The payout is approximately 10% higher than a year ago, signaling confidence in cash generation and providing added income support for investors. Rollins Increases Regular Quarterly Cash Dividend
• Positive Sentiment: A recent Seeking Alpha analysis describes Rollins as a durable business positioned in a secular-growth market, suggesting the stock’s valuation reset may create longer-term appeal despite recent underperformance. Rollins De-Rated, But A Great Mousetrap In A Secular Growth Market
• Neutral Sentiment: Rollins is scheduled to report quarterly earnings shortly. Investors will focus on revenue growth, margins and management’s outlook, particularly after the company’s most recent quarter fell slightly short of consensus earnings and revenue estimates. Rollins Reports Earnings Tomorrow: What to Expect
• Negative Sentiment: Canaccord Genuity lowered its price target from $45 to $36 and retained a Hold rating, while Bernstein cut its target from $42 to $35 with a Market Perform rating. The revisions imply limited upside and reflect more cautious expectations for the stock’s valuation. Rollins Analyst Price Target Changes

About Rollins

Rollins, Inc is a provider of pest and termite control services for residential and commercial customers. The company offers protection against common pests such as ants, cockroaches, rodents, termites, mosquitoes and bedbugs, along with wildlife control and other specialty services.

Rollins serves customers through a portfolio of regional and international brands, including Orkin, the company’s best-known pest control business; HomeTeam Pest Defense; Western Pest Services; Critter Control; and other local and specialized operations.