JPMorgan Chase & Co. Has Lowered Expectations for Rollins (NYSE:ROL) Stock Price

Rollins (NYSE:ROL) had its price target reduced by research analysts at JPMorgan Chase & Co. from $40.00 to $35.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 8.38% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. UBS Group restated a “neutral” rating and issued a $43.00 price target (down from $50.00) on shares of Rollins in a report on Friday, July 24th. BNP Paribas Exane dropped their price objective on shares of Rollins from $44.00 to $35.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 29th. Weiss Ratings cut Rollins from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Morgan Stanley dropped their price objective on Rollins from $45.00 to $43.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Citigroup reiterated an “underperform” rating on shares of Rollins in a research note on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $45.24.

Rollins Stock Up 0.7%

Shares of Rollins stock traded up $0.23 during trading on Tuesday, hitting $32.30. 2,509,885 shares of the stock traded hands, compared to its average volume of 4,461,864. 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 stock’s fifty day simple moving average is $34.34 and its 200 day simple moving average is $43.73. The firm has a market cap of $15.54 billion, a P/E ratio of 29.31, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73. Rollins has a 52-week low of $29.28 and a 52-week high of $66.14.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Rollins had a return on equity of 38.81% and a net margin of 13.55%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the company earned $0.30 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, equities analysts predict that Rollins will post 1.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rollins

Institutional investors and hedge funds have recently bought and sold shares of the company. Raiffeisen Bank International AG boosted its position in shares of Rollins by 73.5% in the 2nd quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider’s stock worth $27,000 after purchasing an additional 272 shares in the last quarter. Westpac Banking Corp acquired a new position in Rollins during the 2nd quarter valued at about $42,000. Bayban acquired a new position in Rollins during the 4th quarter valued at about $49,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Rollins in the second quarter valued at about $88,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Rollins in the second quarter worth about $93,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Company Profile

Rollins, Inc is a global provider of pest and wildlife control services. The company serves residential and commercial customers with solutions for common pests, including insects, rodents, termites, bedbugs and mosquitoes. Its services also include wildlife management, sanitation and related specialty treatments.

Rollins operates through a portfolio of well-known brands, including Orkin, Terminix, HomeTeam Pest Defense and Critter Control. These brands provide recurring pest prevention, inspections, extermination, termite control and other property protection services to homeowners, businesses and institutions.

Founded in 1948 and headquartered in Atlanta, Georgia, Rollins has expanded its operations across the United States and into international markets.