Rollins (NYSE:ROL) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Rollins (NYSE:ROL) had its target price upped by stock analysts at Canaccord Genuity Group from $48.00 to $49.00 in a report issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the business services provider’s stock. Canaccord Genuity Group’s price target indicates a potential downside of 5.67% from the stock’s previous close.

A number of other research firms have also weighed in on ROL. Barclays began coverage on Rollins in a report on Monday, November 4th. They set an “equal weight” rating and a $50.00 target price for the company. Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Rollins in a report on Monday, January 6th. Morgan Stanley upped their target price on Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Wells Fargo & Company upped their target price on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Rollins has an average rating of “Hold” and a consensus price target of $51.67.

Rollins Stock Up 0.1 %

Shares of NYSE ROL opened at $51.95 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78. The firm has a market capitalization of $25.16 billion, a price-to-earnings ratio of 54.11 and a beta of 0.76. The stock has a 50 day moving average price of $48.00 and a 200 day moving average price of $48.96. Rollins has a 52-week low of $40.41 and a 52-week high of $52.83.

Rollins (NYSE:ROL) last announced 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 expect that Rollins will post 0.99 earnings per share for the current year.

Hedge Funds Weigh In On Rollins

A number of large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its position in shares of Rollins by 54.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 19,605 shares of the business services provider’s stock worth $909,000 after purchasing an additional 6,922 shares in the last quarter. MML Investors Services LLC increased its position in shares of Rollins by 9.1% in the 4th quarter. MML Investors Services LLC now owns 57,494 shares of the business services provider’s stock valued at $2,665,000 after acquiring an additional 4,785 shares during the period. MetLife Investment Management LLC increased its position in shares of Rollins by 1.0% in the 4th quarter. MetLife Investment Management LLC now owns 86,631 shares of the business services provider’s stock valued at $4,015,000 after acquiring an additional 899 shares during the period. Norinchukin Bank The increased its position in shares of Rollins by 2.2% in the 4th quarter. Norinchukin Bank The now owns 505,525 shares of the business services provider’s stock valued at $23,431,000 after acquiring an additional 10,740 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Rollins by 11.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,519,333 shares of the business services provider’s stock valued at $116,774,000 after acquiring an additional 260,223 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

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.