Rollins (NYSE:ROL) Stock Price Target Lowered at Canaccord Genuity Group

Key Points

• Canaccord Genuity lowered Rollins’ price target from $45 to $36 and maintained a “hold” rating, implying approximately 7.65% upside from the $33.44 share price.
• Analyst sentiment remains cautious: MarketBeat reports a consensus “hold” rating and an average price target of $42.47, while recent firms have also reduced targets or downgraded the stock.
• Rollins’ latest quarterly results fell slightly short of expectations, with EPS of $0.32 versus $0.34 expected and revenue of $1.08 billion versus $1.09 billion forecast, though revenue increased 7.9% year over year.

Rollins (NYSE:ROL - Get Free Report) had its price objective reduced by analysts at Canaccord Genuity Group from $45.00 to $36.00 in a report released on Monday, Benzinga reports. The firm presently has a "hold" rating on the business services provider's stock. Canaccord Genuity Group's target price suggests a potential upside of 7.65% from the company's current price.

ROL has been the subject of a number of other reports. Barclays set a $45.00 target price on Rollins and gave the company an "overweight" rating in a research report on Friday, July 24th. UBS Group set a $36.00 target price on shares of Rollins and gave the company a "neutral" rating in a report on Wednesday. Royal Bank Of Canada lowered Rollins from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from $52.00 to $40.00 in a report on Thursday, July 23rd. Weiss Ratings lowered shares of Rollins from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, August 11th. Finally, Sanford C. Bernstein dropped their price target on Rollins from $42.00 to $35.00 and set a "market perform" rating for the company in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have issued a Hold rating and two have given 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 Down 0.0%

Shares of ROL opened at $33.44 on Monday. The firm has a market cap of $16.09 billion, a P/E ratio of 30.40, a price-to-earnings-growth ratio of 3.72 and a beta of 0.73. Rollins has a 12-month low of $29.28 and a 12-month high of $66.14. The company's 50-day moving average price is $33.99 and its 200 day moving average price is $43.17. 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 (NYSE:ROL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 EPS. On average, sell-side analysts forecast that Rollins will post 1.16 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Rollins in the 2nd quarter worth about $1,204,334,000. State Street Corp raised its stake in Rollins by 3.7% in the 2nd quarter. State Street Corp now owns 13,561,228 shares of the business services provider's stock valued at $566,046,000 after acquiring an additional 488,046 shares during the period. AMF Tjanstepension AB lifted its holdings in Rollins by 2.4% during the first quarter. AMF Tjanstepension AB now owns 3,669,234 shares of the business services provider's stock valued at $195,974,000 after purchasing an additional 87,139 shares during the last quarter. USS Investment Management Ltd lifted its holdings in Rollins by 55.9% during the first quarter. USS Investment Management Ltd now owns 3,131,337 shares of the business services provider's stock valued at $167,260,000 after purchasing an additional 1,123,237 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in Rollins by 188.2% during 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 purchasing an additional 1,899,515 shares during the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

About Rollins

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.

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