Rollins (NYSE:ROL) Coverage Initiated by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. initiated coverage on Rollins (NYSE:ROL) with an "overweight" rating and a price target of $70.00, indicating a potential upside of 23.99% from the current price.
• Rollins' stock recently saw a slight increase, closing up 0.6% at $56.46, and the company reported a quarterly revenue increase of 12.1% year-over-year.
• Analyst consensus shows a "Moderate Buy" rating for Rollins, with seven analysts rating it as a Buy and five as a Hold, while the average price target is $62.18.

Analysts at JPMorgan Chase & Co. started coverage on shares of Rollins (NYSE:ROL - Get Free Report) in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm set an "overweight" rating and a $70.00 price target on the business services provider's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 23.99% from the company's current price.

A number of other research firms have also commented on ROL. Piper Sandler lifted their target price on Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Jefferies Financial Group raised Rollins from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $55.00 to $65.00 in a report on Monday, June 2nd. Argus started coverage on Rollins in a report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price objective for the company. Zacks Research lowered Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $65.00 price objective (up previously from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.18.

Rollins Stock Up 0.6%

Rollins stock opened at $56.46 on Friday. The firm has a market cap of $27.36 billion, a price-to-earnings ratio of 55.90 and a beta of 0.69. The stock has a fifty day simple moving average of $57.01 and a two-hundred day simple moving average of $55.93. Rollins has a 12 month low of $45.34 and a 12 month high of $59.10. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. The business had revenue of $999.53 million during the quarter, compared to analyst estimates of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The company's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 EPS. Equities analysts predict that Rollins will post 1.09 EPS for the current fiscal year.

Insider Transactions at Rollins

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the business's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the completion of the sale, the chairman owned 632,727 shares of the company's stock, valued at approximately $36,723,475.08. The trade was a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.47% of the company's stock.

Institutional Trading of Rollins

Hedge funds have recently bought and sold shares of the stock. City Holding Co. bought a new stake in Rollins during the first quarter valued at about $27,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Rollins in the second quarter valued at about $30,000. GW&K Investment Management LLC lifted its position in shares of Rollins by 961.4% in the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock valued at $33,000 after acquiring an additional 548 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of Rollins by 58.4% in the second quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider's stock valued at $41,000 after acquiring an additional 269 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Rollins in the second quarter valued at about $42,000. Institutional investors own 51.79% of the company's stock.

About Rollins

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.

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