Rollins (NYSE:ROL) Price Target Raised to $50.00 at Canaccord Genuity Group

Rollins (NYSE:ROL - Get Free Report) had its price target upped by equities research analysts at Canaccord Genuity Group from $49.00 to $50.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "hold" rating on the business services provider's stock. Canaccord Genuity Group's price target indicates a potential downside of 11.80% from the stock's current price.

A number of other research analysts also recently issued reports on the company. Morgan Stanley upped their price objective on Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Barclays upped their price objective on Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a research note on Friday, April 4th. StockNews.com upgraded Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Royal Bank of Canada upped their price target on Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Finally, UBS Group upped their price target on Rollins from $52.00 to $53.00 and gave the company a "neutral" rating in a research report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Rollins has a consensus rating of "Moderate Buy" and an average price target of $55.57.

Rollins Stock Up 0.6 %

Shares of ROL stock traded up $0.35 on Friday, reaching $56.69. 410,831 shares of the company were exchanged, compared to its average volume of 1,705,992. Rollins has a one year low of $44.29 and a one year high of $56.77. The company has a market cap of $27.50 billion, a price-to-earnings ratio of 59.05 and a beta of 0.80. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. The company has a 50-day moving average of $53.13 and a 200-day moving average of $50.28.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Rollins had a return on equity of 37.94% and a net margin of 13.76%. The business had revenue of $822.50 million during the quarter, compared to the consensus estimate of $817.09 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. Rollins's revenue was up 9.9% compared to the same quarter last year. Analysts anticipate that Rollins will post 1.09 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $51.78, for a total transaction of $99,469.38. Following the transaction, the insider now directly owns 41,173 shares in the company, valued at approximately $2,131,937.94. This represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Elizabeth B. Chandler sold 13,193 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $51.18, for a total value of $675,217.74. Following the transaction, the insider now owns 76,526 shares in the company, valued at $3,916,600.68. This trade represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,259 shares of company stock worth $1,047,330 in the last ninety days. 4.47% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Rollins

Several institutional investors have recently modified their holdings of the company. KFG Wealth Management LLC increased its position in shares of Rollins by 1.9% during the 1st quarter. KFG Wealth Management LLC now owns 11,305 shares of the business services provider's stock valued at $611,000 after purchasing an additional 211 shares during the last quarter. Eastern Bank increased its stake in Rollins by 0.5% in the 4th quarter. Eastern Bank now owns 50,410 shares of the business services provider's stock worth $2,337,000 after purchasing an additional 236 shares during the period. QRG Capital Management Inc. lifted its position in Rollins by 3.2% in the first quarter. QRG Capital Management Inc. now owns 8,195 shares of the business services provider's stock valued at $443,000 after purchasing an additional 251 shares during the last quarter. Keel Point LLC boosted its stake in shares of Rollins by 5.1% during the fourth quarter. Keel Point LLC now owns 5,397 shares of the business services provider's stock valued at $250,000 after purchasing an additional 262 shares during the period. Finally, Kensington Investment Counsel LLC grew its holdings in shares of Rollins by 0.7% in the fourth quarter. Kensington Investment Counsel LLC now owns 38,120 shares of the business services provider's stock worth $1,767,000 after purchasing an additional 263 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors.

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.