Canaccord Genuity Group Has Lowered Expectations for Rollins (NYSE:ROL) Stock Price

Rollins (NYSE:ROL) had its price objective reduced by analysts at Canaccord Genuity Group from $45.00 to $36.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the business services provider’s stock. Canaccord Genuity Group’s target price points to a potential upside of 7.65% from the stock’s previous close.

ROL has been the subject of several other reports. JPMorgan Chase & Co. cut their target price on shares of Rollins from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Tuesday, October 13th. Bank of America restated a “neutral” rating and set a $35.00 price target (down from $55.00) on shares of Rollins in a research report on Thursday, July 23rd. Wells Fargo & Company reaffirmed an “underweight” rating and set a $27.00 price target (down from $32.00) on shares of Rollins in a research note on Tuesday, September 29th. Royal Bank Of Canada lowered Rollins from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $52.00 to $40.00 in a research note on Thursday, July 23rd. Finally, Raymond James Financial set a $35.00 price objective on Rollins in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $42.47.

Rollins Stock Performance

Shares of ROL opened at $33.44 on Monday. Rollins has a 52-week low of $29.28 and a 52-week high of $66.14. The stock’s 50-day simple moving average is $33.99 and its 200 day simple moving average is $43.17. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.63. The stock has a market capitalization of $16.09 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 3.72 and a beta of 0.73.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Rollins had a net margin of 13.55% and a return on equity of 38.81%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 earnings per share. Research analysts forecast that Rollins will post 1.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. V Square Quantitative Management LLC lifted its holdings in shares of Rollins by 45.7% during the third quarter. V Square Quantitative Management LLC now owns 11,201 shares of the business services provider’s stock valued at $337,000 after purchasing an additional 3,511 shares during the last quarter. Wealth Enhancement Trust Services Inc. boosted its position in shares of Rollins by 108.9% in the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 36,997 shares of the business services provider’s stock worth $1,114,000 after purchasing an additional 19,287 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Rollins by 17.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,125 shares of the business services provider’s stock worth $464,000 after buying an additional 1,692 shares during the last quarter. State Street Corp grew its stake in shares of Rollins by 3.7% in the 2nd quarter. State Street Corp now owns 13,561,228 shares of the business services provider’s stock worth $566,046,000 after buying an additional 488,046 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Rollins by 580.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,090,688 shares of the business services provider’s stock worth $45,525,000 after buying an additional 930,397 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors.

Rollins Company Profile

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.