Canaccord Genuity Group Issues Positive Forecast for Rollins (NYSE:ROL) Stock Price

Rollins (NYSE:ROL) had its target price boosted by Canaccord Genuity Group from $48.00 to $49.00 in a report released on Friday,Benzinga reports. The firm currently has a hold rating on the business services provider’s stock.

ROL has been the topic of a number of other reports. Barclays started coverage on Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 target price on the stock. UBS Group increased their price objective on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company upped their price target on shares of Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, Morgan Stanley raised their price objective on shares of Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $52.00.

Rollins Stock Performance

NYSE:ROL opened at $50.70 on Friday. The firm’s fifty day simple moving average is $48.06 and its 200-day simple moving average is $48.98. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. The stock has a market cap of $24.55 billion, a PE ratio of 52.81 and a beta of 0.76. Rollins has a fifty-two week low of $40.41 and a fifty-two week high of $52.83.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Rollins had a net margin of 14.18% and a return on equity of 38.67%. Analysts expect that Rollins will post 0.99 earnings per share for the current fiscal year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Tuesday, February 25th. Rollins’s payout ratio is 68.75%.

Institutional Trading of Rollins

Several hedge funds and other institutional investors have recently bought and sold shares of ROL. Brooklyn Investment Group acquired a new stake in shares of Rollins during the third quarter worth $28,000. Murphy & Mullick Capital Management Corp purchased a new position in Rollins during the fourth quarter worth about $29,000. Centricity Wealth Management LLC acquired a new stake in Rollins in the 4th quarter worth about $31,000. True Wealth Design LLC grew its holdings in Rollins by 4,272.2% in the 3rd quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock valued at $40,000 after buying an additional 769 shares during the period. Finally, Mizuho Bank Ltd. acquired a new position in shares of Rollins during the 4th quarter valued at about $37,000. 51.79% of the stock is owned by hedge funds and other 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.