Rentokil Initial (NYSE:RTO) Stock Rating Lowered by Wall Street Zen

Rentokil Initial (NYSE:RTO) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Monday.

A number of other equities analysts have also commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Rentokil Initial in a research report on Wednesday, June 24th. The Goldman Sachs Group upgraded shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a research note on Monday, July 6th. Finally, Zacks Research lowered shares of Rentokil Initial from a “hold” rating to a “strong sell” rating in a research report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Rentokil Initial currently has an average rating of “Moderate Buy” and an average price target of $34.50.

Rentokil Initial Trading Down 0.3%

RTO stock opened at $30.02 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.76. Rentokil Initial has a twelve month low of $22.77 and a twelve month high of $34.67. The stock has a 50-day simple moving average of $30.10 and a two-hundred day simple moving average of $31.38.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its position in shares of Rentokil Initial by 60.7% in the first quarter. Bank of America Corp DE now owns 6,650,998 shares of the company’s stock worth $209,373,000 after purchasing an additional 2,511,135 shares during the last quarter. Janus Henderson Group PLC grew its stake in Rentokil Initial by 3.0% in the 1st quarter. Janus Henderson Group PLC now owns 16,591,965 shares of the company’s stock worth $522,329,000 after buying an additional 490,885 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Rentokil Initial by 501.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 560,332 shares of the company’s stock worth $14,148,000 after buying an additional 467,167 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Rentokil Initial by 93,129.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 293,673 shares of the company’s stock worth $7,048,000 after buying an additional 293,358 shares in the last quarter. Finally, UBS Group AG increased its holdings in shares of Rentokil Initial by 124.4% in the 3rd quarter. UBS Group AG now owns 486,396 shares of the company’s stock worth $12,281,000 after buying an additional 269,676 shares during the last quarter. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Rentokil Initial Company Profile

Rentokil Initial PLC is a global business services company specializing in pest control, hygiene and workwear services. Headquartered in Crawley, West Sussex, United Kingdom, the company delivers outsourced solutions designed to protect people, preserve assets and enhance workplaces for both commercial and residential customers.

Under the Rentokil Pest Control brand, the company offers services ranging from routine inspections and treatment of insects, rodents and birds to specialised programmes for food manufacturing and healthcare environments.