Rollins (NYSE:ROL) Price Target Cut to $35.00 by Analysts at Sanford C. Bernstein

Rollins (NYSE:ROL) had its price objective trimmed by Sanford C. Bernstein from $42.00 to $35.00 in a research note released on Monday, Marketbeat reports. The firm currently has a market perform rating on the business services provider’s stock.

ROL has been the topic of several other research reports. UBS Group set a $36.00 price objective on Rollins and gave the stock a “neutral” rating in a report on Wednesday, October 14th. Piper Sandler cut shares of Rollins from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $46.00 to $33.00 in a research report on Wednesday, September 23rd. Wells Fargo & Company reiterated an “underweight” rating and issued a $27.00 price objective (down from $32.00) on shares of Rollins in a research report on Tuesday, September 29th. Weiss Ratings cut Rollins from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Finally, Raymond James Financial set a $35.00 price objective on shares of Rollins in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Rollins currently has an average rating of “Hold” and an average price target of $42.47.

Rollins Trading Down 2.2%

Shares of NYSE ROL opened at $32.70 on Monday. Rollins has a 1-year low of $29.28 and a 1-year high of $66.14. The company has a market cap of $15.74 billion, a PE ratio of 28.84, a P/E/G ratio of 3.72 and a beta of 0.73. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average of $33.90 and a two-hundred day moving average of $43.02.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%. Rollins’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 earnings per share. As a group, equities analysts expect that Rollins will post 1.16 earnings per share for the current fiscal year.

Institutional Trading of Rollins

Several institutional investors and hedge funds have recently modified their holdings of ROL. Sequoia Financial Advisors LLC boosted its position in Rollins by 1.1% during the first quarter. Sequoia Financial Advisors LLC now owns 16,365 shares of the business services provider’s stock valued at $874,000 after purchasing an additional 183 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in Rollins by 0.3% in the first quarter. IFM Investors Pty Ltd now owns 57,895 shares of the business services provider’s stock valued at $3,092,000 after acquiring an additional 185 shares during the period. DGS Capital Management LLC boosted its stake in shares of Rollins by 4.0% during the 1st quarter. DGS Capital Management LLC now owns 5,602 shares of the business services provider’s stock worth $299,000 after acquiring an additional 215 shares in the last quarter. Sterling Group Wealth Management LLC lifted its stake in Rollins by 6.1% in the 1st quarter. Sterling Group Wealth Management LLC now owns 4,106 shares of the business services provider’s stock valued at $219,000 after buying an additional 235 shares in the last quarter. Finally, Gallacher Capital Management LLC grew its holdings in shares of Rollins by 5.6% during the first quarter. Gallacher Capital Management LLC now owns 5,087 shares of the business services provider’s stock worth $272,000 after buying an additional 268 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Rollins Company Profile

Rollins, Inc is a provider of pest and termite control services for residential and commercial customers. The company offers protection against common pests such as ants, cockroaches, rodents, termites, mosquitoes and bedbugs, along with wildlife control and other specialty services.

Rollins serves customers through a portfolio of regional and international brands, including Orkin, the company’s best-known pest control business; HomeTeam Pest Defense; Western Pest Services; Critter Control; and other local and specialized operations.