Morgan Stanley Issues Pessimistic Forecast for Rollins (NYSE:ROL) Stock Price

Rollins (NYSE:ROL) had its price objective cut by research analysts at Morgan Stanley from $45.00 to $43.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 34.27% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the company. Citigroup reiterated an “underperform” rating on shares of Rollins in a report on Monday, October 5th. BNP Paribas Exane cut their price objective on shares of Rollins from $44.00 to $35.00 and set a “neutral” rating for the company in a report on Tuesday, September 29th. Argus downgraded Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Bank of America reissued a “neutral” rating and set a $35.00 price target (down from $55.00) on shares of Rollins in a research report on Thursday, July 23rd. Finally, Piper Sandler downgraded shares of Rollins from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $46.00 to $33.00 in a research note on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Rollins presently has a consensus rating of “Hold” and an average price target of $45.82.

Rollins Stock Performance

Shares of ROL traded down $0.04 during mid-day trading on Tuesday, reaching $32.02. The company had a trading volume of 1,426,799 shares, compared to its average volume of 4,457,685. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. Rollins has a 52-week low of $29.28 and a 52-week high of $66.14. The stock has a 50 day moving average of $34.34 and a two-hundred day moving average of $43.73. The stock has a market capitalization of $15.41 billion, a P/E ratio of 29.10, a PEG ratio of 3.56 and a beta of 0.73.

Rollins (NYSE:ROL) last announced its quarterly 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 firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $0.30 earnings per share. On average, analysts expect that Rollins will post 1.16 earnings per share for the current year.

Hedge Funds Weigh In On Rollins

A number of institutional investors have recently modified their holdings of ROL. BlackRock Inc. acquired a new position in Rollins during the 2nd quarter valued at $1,204,334,000. State Street Corp boosted its stake in Rollins by 3.7% during the second quarter. State Street Corp now owns 13,561,228 shares of the business services provider’s stock worth $566,046,000 after buying an additional 488,046 shares in the last quarter. AMF Tjanstepension AB increased its holdings in Rollins by 2.4% in the 1st quarter. AMF Tjanstepension AB now owns 3,669,234 shares of the business services provider’s stock valued at $195,974,000 after buying an additional 87,139 shares during the period. USS Investment Management Ltd lifted its holdings in shares of 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 worth $167,260,000 after acquiring an additional 1,123,237 shares during the period. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Rollins by 188.2% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,908,818 shares of the business services provider’s stock worth $155,335,000 after acquiring an additional 1,899,515 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

About Rollins

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.