Morgan Stanley Increases Rollins (NYSE:ROL) Price Target to $50.00

Rollins (NYSE:ROL) had its price objective upped by Morgan Stanley from $48.00 to $50.00 in a research report report published on Friday morning,Benzinga reports. They currently have an equal weight rating on the business services provider’s stock.

A number of other research firms have also recently commented on ROL. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a report on Tuesday. Canaccord Genuity Group increased their price target on Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a report on Friday. UBS Group boosted their price objective on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Wells Fargo & Company increased their target price on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Rollins currently has an average rating of “Hold” and an average target price of $52.00.

Rollins Stock Performance

NYSE:ROL opened at $50.70 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $48.06 and its 200-day moving average price is $48.98. Rollins has a twelve month low of $40.41 and a twelve month high of $52.83. The company has a market cap of $24.55 billion, a P/E ratio of 52.81 and a beta of 0.76.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. Rollins had a net margin of 14.18% and a return on equity of 38.67%. On average, sell-side analysts forecast that Rollins will post 0.99 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Tuesday, February 25th. Rollins’s payout ratio is 68.75%.

Institutional Investors Weigh In On Rollins

A number of hedge funds have recently added to or reduced their stakes in ROL. Brooklyn Investment Group acquired a new stake in shares of Rollins in the third quarter valued at $28,000. Murphy & Mullick Capital Management Corp acquired a new stake in Rollins in the 4th quarter valued at about $29,000. Centricity Wealth Management LLC purchased a new position in shares of Rollins in the 4th quarter valued at about $31,000. Mizuho Bank Ltd. acquired a new position in shares of Rollins during the fourth quarter worth about $37,000. Finally, True Wealth Design LLC increased its stake in shares of Rollins by 4,272.2% during the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock worth $40,000 after buying an additional 769 shares during the period. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Company Profile

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.