Rollins (NYSE:ROL) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Rollins (NYSE:ROL) had its target price lifted by equities research analysts at Morgan Stanley from $48.00 to $50.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s target price suggests a potential downside of 1.37% from the stock’s previous close.

Several other brokerages have also recently weighed in on ROL. Barclays initiated coverage on Rollins in a research note on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective on the stock. UBS Group boosted their price target on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Wells Fargo & Company boosted their target price on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Finally, Canaccord Genuity Group increased their price target on Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Rollins currently has a consensus rating of “Hold” and a consensus target price of $52.00.

Rollins Price Performance

Shares of ROL opened at $50.70 on Friday. The stock has a market cap of $24.55 billion, a P/E ratio of 52.81 and a beta of 0.76. The business’s fifty day moving average is $48.09 and its 200 day moving average is $49.01. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. Rollins has a 12-month low of $40.41 and a 12-month high of $52.83.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. Rollins had a return on equity of 38.67% and a net margin of 14.18%. Sell-side analysts anticipate that Rollins will post 0.99 earnings per share for the current fiscal year.

Institutional Trading of Rollins

Large investors have recently bought and sold shares of the company. Keel Point LLC grew its stake in shares of Rollins by 5.1% during the 4th quarter. Keel Point LLC now owns 5,397 shares of the business services provider’s stock worth $250,000 after acquiring an additional 262 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in Rollins by 12.2% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,351,857 shares of the business services provider’s stock worth $62,659,000 after purchasing an additional 146,570 shares during the period. Voleon Capital Management LP bought a new position in Rollins during the fourth quarter worth about $1,246,000. Schonfeld Strategic Advisors LLC increased its stake in shares of Rollins by 736.3% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 82,438 shares of the business services provider’s stock worth $3,821,000 after purchasing an additional 72,581 shares in the last quarter. Finally, AdvisorShares Investments LLC lifted its stake in shares of Rollins by 12.0% during the 4th quarter. AdvisorShares Investments LLC now owns 152,126 shares of the business services provider’s stock valued at $7,051,000 after buying an additional 16,310 shares in the last quarter. 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.