Rollins (NYSE:ROL) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Rollins (NYSE:ROL) had its price target raised by Canaccord Genuity Group from $48.00 to $49.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the business services provider’s stock. Canaccord Genuity Group’s price objective indicates a potential downside of 5.67% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company lifted their target price on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays started coverage on Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price on the stock. UBS Group boosted their price objective on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research note on Monday, January 6th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Rollins has an average rating of “Hold” and a consensus price target of $51.67.

Rollins Price Performance

NYSE:ROL opened at $51.95 on Friday. Rollins has a 52 week low of $40.41 and a 52 week high of $52.83. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. The business’s 50-day simple moving average is $48.00 and its two-hundred day simple moving average is $48.96. The stock has a market cap of $25.16 billion, a PE ratio of 54.11 and a beta of 0.76.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. Rollins had a return on equity of 38.67% and a net margin of 14.18%. As a group, analysts forecast that Rollins will post 0.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ROL. CWM LLC boosted its position in shares of Rollins by 74.5% during the third quarter. CWM LLC now owns 17,682 shares of the business services provider’s stock valued at $894,000 after buying an additional 7,549 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of Rollins by 157.7% during the third quarter. Exchange Traded Concepts LLC now owns 10,028 shares of the business services provider’s stock valued at $507,000 after buying an additional 6,137 shares during the period. Creative Planning boosted its position in shares of Rollins by 27.1% during the third quarter. Creative Planning now owns 23,169 shares of the business services provider’s stock valued at $1,172,000 after buying an additional 4,946 shares during the period. Swedbank AB boosted its position in shares of Rollins by 32.2% during the third quarter. Swedbank AB now owns 16,530 shares of the business services provider’s stock valued at $836,000 after buying an additional 4,024 shares during the period. Finally, Vontobel Holding Ltd. boosted its position in shares of Rollins by 17.7% during the third quarter. Vontobel Holding Ltd. now owns 16,613 shares of the business services provider’s stock valued at $840,000 after buying an additional 2,497 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

About Rollins

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.