Piper Sandler Lowers Rollins (NYSE:ROL) Price Target to $46.00

Rollins (NYSE:ROL) had its price target reduced by stock analysts at Piper Sandler from $72.00 to $46.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. Piper Sandler’s price target points to a potential upside of 19.20% from the company’s current price.

Several other equities research analysts also recently weighed in on ROL. Weiss Ratings downgraded Rollins from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 26th. Rothschild & Co Redburn set a $66.00 price objective on shares of Rollins and gave the company a “buy” rating in a report on Monday, April 27th. Morgan Stanley cut their price objective on shares of Rollins from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Royal Bank Of Canada lowered shares of Rollins from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $52.00 to $40.00 in a research report on Thursday. Finally, Raymond James Financial set a $35.00 target price on shares of Rollins in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $48.71.

Rollins Stock Performance

Shares of ROL opened at $38.59 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.34. The firm has a market cap of $18.58 billion, a PE ratio of 35.08, a P/E/G ratio of 2.40 and a beta of 0.75. Rollins has a 12 month low of $36.59 and a 12 month high of $66.14. The stock has a fifty day moving average price of $46.11 and a 200-day moving average price of $53.76.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the firm earned $0.30 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities research analysts predict that Rollins will post 1.21 earnings per share for the current fiscal year.

Institutional Trading of Rollins

Several large investors have recently added to or reduced their stakes in the company. National Pension Service raised its position in Rollins by 138.3% during the 4th quarter. National Pension Service now owns 51,277 shares of the business services provider’s stock worth $3,078,000 after buying an additional 29,758 shares during the last quarter. USS Investment Management Ltd lifted its stake in Rollins by 55.9% during the 1st quarter. USS Investment Management Ltd now owns 3,131,337 shares of the business services provider’s stock valued at $167,260,000 after acquiring an additional 1,123,237 shares during the period. Moody Lynn & Lieberson LLC lifted its stake in Rollins by 718.8% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 32,244 shares of the business services provider’s stock valued at $1,935,000 after acquiring an additional 28,306 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Rollins by 11,772.1% in the 4th quarter. Bessemer Group Inc. now owns 1,084,398 shares of the business services provider’s stock valued at $65,086,000 after acquiring an additional 1,075,264 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in shares of Rollins by 65.7% in the 4th quarter. Concurrent Investment Advisors LLC now owns 44,265 shares of the business services provider’s stock valued at $2,657,000 after acquiring an additional 17,546 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins News Summary

Here are the key news stories impacting Rollins this week:

• Positive Sentiment: Management said termite and ancillary services continued to post solid growth, and lead volumes improved toward late June and early July, which could support a recovery in coming quarters.
• Positive Sentiment: Several analysts still see upside from current levels despite trimming targets, including Piper Sandler maintaining an overweight rating and BNP Paribas Exane keeping a neutral view with a higher target than the stock’s recent trading level.
• Neutral Sentiment: Rollins has been described as balancing solid Q2 growth with a softer outlook, suggesting the quarter was mixed rather than uniformly negative.
• Neutral Sentiment: Ongoing media coverage around the earnings call and transcript is reinforcing investor focus on management’s commentary about demand trends and margin performance.
• Negative Sentiment: Rollins reported Q2 earnings of $0.32 per share, below the consensus estimate of $0.34, and revenue of about $1.08 billion also came in slightly short of expectations.
• Negative Sentiment: Analysts turned more cautious after the report, with JPMorgan reaffirming an underweight rating and sharply lowering its price target, while Bank of America also cut its target and kept a neutral stance.
• Negative Sentiment: Commentary around slower residential demand and a “downbeat” earnings release has added to the selloff, as the market appears to be recalibrating expectations after a period of high optimism.

About Rollins

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.