BNP Paribas Exane Cuts Rollins (NYSE:ROL) Price Target to $35.00

Rollins (NYSE:ROL) had its price objective cut by BNP Paribas Exane from $44.00 to $35.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the business services provider’s stock.

A number of other research analysts have also weighed in on the company. Raymond James Financial set a $35.00 target price on Rollins in a report on Thursday, July 23rd. Zacks Research downgraded shares of Rollins from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Royal Bank Of Canada lowered shares of Rollins from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $52.00 to $40.00 in a research report on Thursday, July 23rd. Citigroup assumed coverage on shares of Rollins in a research note on Wednesday, July 15th. They set a “neutral” rating and a $46.00 price objective for the company. Finally, UBS Group reaffirmed a “neutral” rating and set a $43.00 price objective (down from $50.00) on shares of Rollins in a research note on Friday, July 24th. One 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 given a Sell rating to the company. Based on data from MarketBeat, Rollins currently has an average rating of “Hold” and a consensus target price of $45.94.

Rollins Trading Up 1.6%

NYSE:ROL opened at $30.59 on Tuesday. Rollins has a 1 year low of $29.69 and a 1 year high of $66.14. The stock’s fifty day moving average price is $35.40 and its two-hundred day moving average price is $44.87. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58. The company has a market cap of $14.72 billion, a P/E ratio of 27.81, a P/E/G ratio of 3.29 and a beta of 0.74.

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

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 10th were issued a $0.1825 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.73 annualized dividend and a dividend yield of 2.4%. Rollins’s dividend payout ratio (DPR) is presently 66.36%.

Institutional Trading of Rollins

A number of large investors have recently modified their holdings of ROL. Raiffeisen Bank International AG raised its stake in Rollins by 73.5% in the second quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 272 shares in the last quarter. Westpac Banking Corp purchased a new position in Rollins in the 2nd quarter worth approximately $42,000. Fideuram Asset Management Ireland dac purchased a new position in Rollins in the 4th quarter worth approximately $43,000. Root Financial Partners LLC grew its stake in Rollins by 47.3% in the 4th quarter. Root Financial Partners LLC now owns 782 shares of the business services provider’s stock worth $47,000 after buying an additional 251 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of Rollins by 121.6% in the 4th quarter. Hantz Financial Services Inc. now owns 820 shares of the business services provider’s stock worth $49,000 after buying an additional 450 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Rollins News Roundup

Here are the key news stories impacting Rollins this week:

• Neutral Sentiment: Several articles concern Agriculture Secretary Brooke Rollins—not Rollins, Inc.—including USDA efforts to support dairy farms, address rising diesel and beef costs, and assist farmers with cost pressures. These stories should not materially affect ROL stock. Ag Secretary Brooke Rollins addresses rising diesel, beef prices during Wisconsin visit Rollins Pledges USDA Support for Dairy Amid Cost Pressures USDA focused on securing future of dairy farms
• Neutral Sentiment: Reports about Brooke Rollins visiting a CASE manufacturing plant, increasing regenerative-agriculture funding, and using artificial intelligence to combat government fraud also relate to the USDA official rather than the pest-control company. Rollins to Visit CASE Plant for Ag Manufacturing Announcement Rollins announces boost in regenerative ag funds
• Negative Sentiment: Morgan Stanley reportedly lowered its expectations for Rollins, Inc. (NYSE: ROL). Although the article does not indicate the full details of the revision, a reduced price target or outlook can weigh on the stock by reinforcing already cautious analyst sentiment. Morgan Stanley Has Lowered Expectations for Rollins Stock Price

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.