Rollins (NYSE:ROL) Rating Lowered to Sell at Stifel Nicolaus

Rollins (NYSE:ROL) was downgraded by research analysts at Stifel Nicolaus from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, June 26th, MarketBeat reports. They presently have a $25.00 price objective on the business services provider’s stock, down from their previous price objective of $36.50. Stifel Nicolaus’ price target points to a potential downside of 34.04% from the stock’s previous close.

Several other brokerages also recently weighed in on ROL. ValuEngine upgraded Xylem from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Macquarie began coverage on Rollins in a research note on Monday, April 29th. They set a “neutral” rating and a $38.90 price target on the stock. Zacks Investment Research cut Fortuna Silver Mines from a “hold” rating to a “sell” rating in a report on Wednesday, February 27th. Finally, Nomura boosted their price objective on Spotify from $188.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $36.54.

Shares of NYSE:ROL traded up $0.10 on Wednesday, reaching $37.90. The company had a trading volume of 445,610 shares, compared to its average volume of 1,275,730. Rollins has a 52-week low of $33.75 and a 52-week high of $43.91. The business has a 50 day moving average of $37.37. The firm has a market capitalization of $12.42 billion, a price-to-earnings ratio of 53.38 and a beta of 0.38.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, April 24th. The business services provider reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). Rollins had a return on equity of 31.78% and a net margin of 12.34%. The business had revenue of $429.10 million for the quarter, compared to analysts’ expectations of $438.55 million. During the same quarter last year, the firm earned $0.22 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, analysts predict that Rollins will post 0.72 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc grew its stake in shares of Rollins by 13.6% during the 3rd quarter. Vanguard Group Inc now owns 11,698,763 shares of the business services provider’s stock worth $709,998,000 after purchasing an additional 1,398,615 shares during the period. Westpac Banking Corp lifted its position in shares of Rollins by 50.0% during the 4th quarter. Westpac Banking Corp now owns 9,799 shares of the business services provider’s stock valued at $354,000 after buying an additional 3,266 shares in the last quarter. Piedmont Investment Advisors Inc. lifted its position in shares of Rollins by 58.8% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 12,664 shares of the business services provider’s stock valued at $457,000 after buying an additional 4,687 shares in the last quarter. Rampart Investment Management Company LLC purchased a new position in shares of Rollins during the 4th quarter valued at approximately $52,000. Finally, Prudential Financial Inc. lifted its position in shares of Rollins by 398.4% during the 4th quarter. Prudential Financial Inc. now owns 151,460 shares of the business services provider’s stock valued at $5,468,000 after buying an additional 121,072 shares in the last quarter. 40.18% of the stock is owned by institutional investors.

Rollins Company Profile

Rollins, Inc, through its subsidiaries, provides pest and termite control services to residential and commercial customers. It offers protection against termite damage, rodents, and insects to homes and businesses, including hotels, food service establishments, food manufacturers, retailers, and transportation companies.

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Analyst Recommendations for Rollins (NYSE:ROL)

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