Rollins (NYSE:ROL) Stock Gets Price Target Reduction from Morgan Stanley

Rollins (NYSE:ROL) had its price objective dropped by investment analysts at Morgan Stanley from $45.00 to $43.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Morgan Stanley’s price target points to a potential upside of 34.27% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on ROL. Argus cut shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Weiss Ratings cut shares of Rollins from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Canaccord Genuity Group set a $45.00 target price on Rollins and gave the company a “hold” rating in a research report on Thursday, July 23rd. Wells Fargo & Company reissued an “underweight” rating and issued a $27.00 price target (down from $32.00) on shares of Rollins in a research note on Tuesday, September 29th. Finally, Zacks Research lowered shares of Rollins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Rollins presently has a consensus rating of “Hold” and a consensus price target of $45.82.

Rollins Trading Down 0.1%

NYSE ROL traded down $0.04 during trading on Tuesday, reaching $32.02. 1,426,799 shares of the stock traded hands, compared to its average volume of 4,457,685. The stock’s 50-day moving average price is $34.34 and its 200 day moving average price is $43.73. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. The firm has a market cap of $15.41 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 3.56 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.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate 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 quarter last year, the company posted $0.30 EPS. Analysts predict that Rollins will post 1.16 EPS for the current year.

Hedge Funds Weigh In On Rollins

Several institutional investors have recently modified their holdings of ROL. Raiffeisen Bank International AG grew its position in shares of Rollins by 73.5% during the 2nd quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 272 shares during the period. Westpac Banking Corp purchased a new position in Rollins in the 2nd quarter worth approximately $42,000. Bayban bought a new stake in Rollins during the fourth quarter worth about $49,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Rollins during the second quarter valued at approximately $88,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Rollins during the 2nd quarter valued at about $93,000. 51.79% of the stock is owned by institutional investors.

Rollins Company Profile

Rollins, Inc is a global provider of pest and wildlife control services. The company serves residential and commercial customers with solutions for common pests, including insects, rodents, termites, bedbugs and mosquitoes. Its services also include wildlife management, sanitation and related specialty treatments.

Rollins operates through a portfolio of well-known brands, including Orkin, Terminix, HomeTeam Pest Defense and Critter Control. These brands provide recurring pest prevention, inspections, extermination, termite control and other property protection services to homeowners, businesses and institutions.

Founded in 1948 and headquartered in Atlanta, Georgia, Rollins has expanded its operations across the United States and into international markets.