Citigroup Upgrades Rollins (NYSE:ROL) to Buy

Rollins (NYSE:ROL) was upgraded by equities research analysts at Citigroup from a “neutral” rating to a “buy” rating in a report released on Monday, FinViz reports. The firm presently has a $49.00 target price on the business services provider’s stock, up from their prior target price of $32.00. Citigroup‘s price target would suggest a potential upside of 29.08% from the stock’s current price.

ROL has been the subject of several other research reports. Barclays set a $45.00 target price on Rollins and gave the stock an “overweight” rating in a research report on Friday, July 24th. Piper Sandler cut Rollins from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $46.00 to $33.00 in a research note on Wednesday, September 23rd. BNP Paribas Exane reduced their price objective on Rollins from $44.00 to $35.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 29th. JPMorgan Chase & Co. decreased their price objective on shares of Rollins from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Tuesday, October 13th. Finally, Argus lowered shares of Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $40.31.

Rollins Stock Up 0.0%

Shares of Rollins stock opened at $37.96 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 0.35. The firm has a market cap of $18.15 billion, a P/E ratio of 34.83, a P/E/G ratio of 4.30 and a beta of 0.73. Rollins has a fifty-two week low of $29.28 and a fifty-two week high of $66.14. The business has a 50-day moving average price of $33.63 and a 200 day moving average price of $46.37.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, October 21st. The business services provider reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. Rollins had a return on equity of 39.43% and a net margin of 13.19%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Rollins’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, sell-side analysts forecast that Rollins will post 1.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rollins

Institutional investors have recently modified their holdings of the company. Raiffeisen Bank International AG lifted its position in Rollins by 73.5% in the 2nd quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 272 shares during the last quarter. Heritage Family Offices LLP acquired a new stake in shares of Rollins in the third quarter valued at approximately $27,000. Carnegie Lake Advisors LLC acquired a new stake in shares of Rollins in the third quarter valued at approximately $29,000. Westpac Banking Corp bought a new stake in shares of Rollins during the second quarter valued at approximately $42,000. Finally, Pinnacle Wealth Planning Services Inc. raised its holdings in shares of Rollins by 137.7% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,236 shares of the business services provider’s stock valued at $37,000 after buying an additional 716 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Rollins Company Profile

Rollins, Inc is a global provider of pest and termite control services for residential and commercial customers. Its services include inspections, prevention and treatment for common household and business pests, as well as termite protection, mosquito control and wildlife removal.

The company operates through brands including Orkin, HomeTeam Pest Defense and Clark Pest Control. Founded in 1948, Rollins expanded into pest control with its 1964 acquisition of Orkin, which remains one of its best-known brands.

Based in Atlanta, Georgia, Rollins serves customers across the United States and in international markets.