Rollins (NYSE:ROL) Stock Price Target Cut by Morgan Stanley

Rollins (NYSE:ROL) had its target price cut by equities research analysts at Morgan Stanley from $60.00 to $45.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. Morgan Stanley’s price objective would indicate a potential upside of 48.79% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Barclays set a $45.00 target price on Rollins and gave the company an “overweight” rating in a report on Friday, July 24th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $45.00 price target (down from $70.00) on shares of Rollins in a research note on Friday, July 24th. Bank of America reiterated a “neutral” rating and issued a $35.00 price target (down from $55.00) on shares of Rollins in a report on Thursday, July 23rd. Citigroup started coverage on shares of Rollins in a research note on Wednesday, July 15th. They issued a “neutral” rating and a $46.00 price objective for the company. Finally, BNP Paribas Exane decreased their price objective on shares of Rollins from $44.00 to $35.00 and set a “neutral” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $45.94.

Rollins Stock Performance

NYSE ROL traded down $0.35 on Tuesday, hitting $30.24. 5,217,481 shares of the company’s stock were exchanged, compared to its average volume of 4,252,602. The firm has a market cap of $14.55 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 3.27 and a beta of 0.74. The firm’s 50-day moving average price is $36.11 and its two-hundred day moving average price is $45.40. Rollins has a fifty-two week low of $29.74 and a fifty-two week high of $66.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58.

Rollins (NYSE:ROL) last posted 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). Rollins had a net margin of 13.55% and a return on equity of 38.81%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the business earned $0.30 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, research analysts expect that Rollins will post 1.17 EPS for the current year.

Institutional Trading of Rollins

Large investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Rollins during the 2nd quarter valued at approximately $1,204,334,000. Norges Bank bought a new stake in shares of Rollins in the fourth quarter worth $244,669,000. Legal & General Group Plc acquired a new stake in Rollins in the second quarter valued at $84,181,000. Pictet Asset Management Holding SA raised its holdings in Rollins by 188.2% in the first quarter. Pictet Asset Management Holding SA now owns 2,908,818 shares of the business services provider’s stock valued at $155,335,000 after acquiring an additional 1,899,515 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Rollins during the 2nd quarter valued at $65,993,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Company Profile

Rollins, Inc is a global provider of pest and termite control services for residential and commercial customers. The company helps protect homes, businesses, and other properties from insects, rodents, termites, wildlife, and other pests through inspection, prevention, treatment, and ongoing monitoring programs.

Rollins operates through a portfolio of recognized pest control brands, including Orkin, Terminix, HomeTeam Pest Defense, Western Exterminator, and Critter Control. Its services include general pest management, termite protection, mosquito and bed bug control, wildlife management, and specialized commercial pest control programs.

Founded in 1948 and headquartered in Atlanta, Georgia, Rollins serves customers across the United States and internationally.