Wed Sep 25 03:18:57 UTC 2024: ## Rollins (ROL) Downgraded to “Hold” by StockNews.com
**New York, NY** – Rollins, Inc. (NYSE: ROL), a leading provider of pest and wildlife control services, saw its stock rating downgraded from “buy” to “hold” by StockNews.com on Tuesday.
While analysts at Wells Fargo & Company remain optimistic, issuing an “overweight” rating and a $54.00 price target, the overall consensus among analysts is “Moderate Buy” with a target price of $47.83.
Despite the downgrade, Rollins recently reported strong quarterly earnings, exceeding analysts’ expectations with $0.27 earnings per share and $891.90 million in revenue. The company’s revenue saw an 8.7% year-over-year increase.
Insider trading activity has also been notable, with Elizabeth B. Chandler selling a significant number of shares over the past few months. Institutional investors have also been active, with several firms increasing their holdings in Rollins.
Overall, while the downgrade from StockNews.com might raise concerns, Rollins remains a company with strong fundamentals and a positive outlook. Investors will be closely monitoring the company’s future performance to determine if the “hold” rating is justified.
First Piper 