Rollins (NYSE:ROL) Coverage Initiated at Sanford C. Bernstein

Equities research analysts at Sanford C. Bernstein assumed coverage on shares of Rollins (NYSE:ROL) in a research note issued on Wednesday,Benzinga reports. The brokerage set an “outperform” rating and a $70.00 price target on the business services provider’s stock. Sanford C. Bernstein’s target price would indicate a potential upside of 19.62% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Canaccord Genuity Group set a $55.00 price target on shares of Rollins and gave the company a “hold” rating in a report on Friday, October 31st. Jefferies Financial Group set a $66.00 target price on shares of Rollins and gave the company a “buy” rating in a research note on Monday, November 3rd. The Goldman Sachs Group restated a “buy” rating and issued a $64.00 target price on shares of Rollins in a research report on Thursday, October 30th. Barclays raised their price target on shares of Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. started coverage on Rollins in a research report on Friday, September 26th. They set an “overweight” rating and a $70.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Rollins has a consensus rating of “Moderate Buy” and an average price target of $63.42.

Rollins Stock Down 0.1%

NYSE:ROL opened at $58.52 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average of $57.08 and a 200-day moving average of $56.92. The firm has a market capitalization of $28.36 billion, a PE ratio of 54.69 and a beta of 0.72. Rollins has a 52 week low of $45.34 and a 52 week high of $60.35.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Rollins had a return on equity of 38.66% and a net margin of 14.02%.The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. Analysts predict that Rollins will post 1.09 EPS for the current year.

Institutional Investors Weigh In On Rollins

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ROL. Caitong International Asset Management Co. Ltd bought a new position in Rollins during the 2nd quarter valued at $30,000. Root Financial Partners LLC bought a new stake in shares of Rollins in the 3rd quarter worth $31,000. GW&K Investment Management LLC lifted its holdings in shares of Rollins by 961.4% in the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock valued at $33,000 after buying an additional 548 shares during the period. TD Waterhouse Canada Inc. boosted its stake in Rollins by 58.4% during the second quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider’s stock valued at $41,000 after buying an additional 269 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in Rollins during the second quarter valued at about $42,000. Institutional investors own 51.79% of the company’s stock.

Rollins Company Profile

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.