Rollins (NYSE:ROL) Given New $35.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan cut Rollins’ price target from $40 to $35 while maintaining a “neutral” rating, implying approximately 8.38% upside from the reported share price of $32.30.
• Analyst sentiment is broadly cautious: Rollins has an average “Hold” rating and a consensus target price of $45.24, with 11 analysts rating the stock Hold and three rating it Sell.
• Rollins’ latest quarterly results fell slightly short of expectations, with EPS of $0.32 versus the $0.34 consensus and revenue of $1.08 billion versus $1.09 billion expected; revenue still increased 7.9% year over year.

Rollins (NYSE:ROL - Get Free Report) had its target price dropped by equities researchers at JPMorgan Chase & Co. from $40.00 to $35.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a "neutral" rating on the business services provider's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 8.38% from the company's current price.

ROL has been the subject of several other research reports. Barclays set a $45.00 target price on shares of Rollins and gave the stock an "overweight" rating in a report on Friday, July 24th. Canaccord Genuity Group set a $45.00 price target on Rollins and gave the company a "hold" rating in a report on Thursday, July 23rd. Morgan Stanley decreased their price target on Rollins from $45.00 to $43.00 and set an "overweight" rating on the stock in a report on Tuesday. Bank of America restated a "neutral" rating and issued a $35.00 price objective (down from $55.00) on shares of Rollins in a research report on Thursday, July 23rd. Finally, Weiss Ratings lowered Rollins from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Rollins presently has an average rating of "Hold" and a consensus target price of $45.24.

Rollins Stock Performance

NYSE ROL traded up $0.23 on Tuesday, reaching $32.30. 2,509,885 shares of the stock were exchanged, compared to its average volume of 4,461,864. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34. Rollins has a one year low of $29.28 and a one year high of $66.14. The firm has a market capitalization of $15.54 billion, a PE ratio of 29.31, a PEG ratio of 3.56 and a beta of 0.73. The company's 50-day simple moving average is $34.34 and its two-hundred day simple moving average is $43.73.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%. The business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. Analysts expect that Rollins will post 1.16 EPS for the current fiscal year.

Institutional Trading of Rollins

Institutional investors and hedge funds have recently bought and sold shares of the stock. Amundi increased its stake in Rollins by 71.4% in the second quarter. Amundi now owns 1,851,904 shares of the business services provider's stock worth $77,300,000 after purchasing an additional 771,578 shares during the period. Dudley & Shanley Inc. grew its holdings in shares of Rollins by 8.8% in the second quarter. Dudley & Shanley Inc. now owns 495,655 shares of the business services provider's stock worth $20,689,000 after purchasing an additional 39,925 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Rollins by 16.8% in the first quarter. Public Employees Retirement System of Ohio now owns 216,278 shares of the business services provider's stock worth $11,551,000 after purchasing an additional 31,173 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Rollins in the second quarter worth about $3,619,000. Finally, Danske Bank A S purchased a new position in Rollins in the 2nd quarter worth about $61,792,000. 51.79% of the stock is currently 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.

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