Rollins (NYSE:ROL) Price Target Raised to $50.00 at Canaccord Genuity Group

Rollins (NYSE:ROL - Get Free Report) had its target price raised by analysts at Canaccord Genuity Group from $49.00 to $50.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a "hold" rating on the business services provider's stock. Canaccord Genuity Group's price target indicates a potential downside of 10.04% from the stock's current price.

A number of other equities analysts also recently weighed in on the company. Morgan Stanley upped their target price on Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Royal Bank of Canada increased their price objective on Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Barclays boosted their target price on Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a research note on Friday, April 4th. UBS Group lifted their price target on Rollins from $52.00 to $53.00 and gave the company a "neutral" rating in a report on Friday, January 17th. Finally, StockNews.com upgraded Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $55.57.

Rollins Price Performance

Shares of NYSE:ROL opened at $55.58 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69. The company has a market capitalization of $26.96 billion, a PE ratio of 57.90 and a beta of 0.80. The stock has a fifty day moving average of $52.82 and a 200-day moving average of $50.14. Rollins has a one year low of $43.18 and a one year high of $56.31.

Rollins (NYSE:ROL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The business had revenue of $822.50 million for the quarter, compared to the consensus estimate of $817.09 million. Rollins had a net margin of 13.76% and a return on equity of 37.94%. As a group, equities analysts anticipate that Rollins will post 1.09 EPS for the current fiscal year.

Insider Activity

In other Rollins news, insider Traci Hornfeck sold 3,224 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the sale, the insider now directly owns 9,602 shares in the company, valued at $509,866.20. This represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $52.81, for a total value of $101,448.01. Following the completion of the transaction, the insider now owns 39,640 shares in the company, valued at $2,093,388.40. The trade was a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,259 shares of company stock valued at $1,047,330 over the last 90 days. 4.47% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rollins

Several hedge funds have recently made changes to their positions in ROL. KFG Wealth Management LLC lifted its position in shares of Rollins by 1.9% in the 1st quarter. KFG Wealth Management LLC now owns 11,305 shares of the business services provider's stock worth $611,000 after acquiring an additional 211 shares during the period. Eastern Bank lifted its holdings in shares of Rollins by 0.5% during the fourth quarter. Eastern Bank now owns 50,410 shares of the business services provider's stock valued at $2,337,000 after acquiring an additional 236 shares during the period. QRG Capital Management Inc. boosted its stake in shares of Rollins by 3.2% in the 1st quarter. QRG Capital Management Inc. now owns 8,195 shares of the business services provider's stock valued at $443,000 after purchasing an additional 251 shares in the last quarter. Keel Point LLC grew its holdings in shares of Rollins by 5.1% in the 4th quarter. Keel Point LLC now owns 5,397 shares of the business services provider's stock worth $250,000 after purchasing an additional 262 shares during the last quarter. Finally, Kensington Investment Counsel LLC increased its position in shares of Rollins by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 38,120 shares of the business services provider's stock worth $1,767,000 after purchasing an additional 263 shares in the last quarter. Institutional investors own 51.79% of the company's stock.

About Rollins

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.

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