Rollins Inc. (ROL) is a stock that is currently rising above the S&P 500, outperforming it by 2.99%. UBS has recently issued a ‘Buy’ rating for the stock, indicating that it could be a good time to invest. With such a strong performance and a positive outlook from a leading financial institution, investors may be wondering if this is the right time to jump into the stock. In this article, we will explore the potential benefits and risks of investing in Rollins Inc. (ROL).
Overview of Rollins Performance
Rollins (ROL) has had an impressive year-to-date performance, gaining 6.66% and outperforming the S&P 500 by 2.99%. This strong performance is largely attributed to the company’s strategic acquisitions, which have allowed Rollins to expand its services and increase revenues and earnings. UBS recently initiated coverage on the stock with a “Buy” rating and a 12-month price target of $48, further strengthening the company’s outlook. Additionally, the stock was added to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 25, 2023, further indicating its potential for future success. With a healthy demand situation and shareholder-friendly behavior, Rollins is well-positioned to benefit from the current market environment and continue to move higher.
UBS Issuing a ‘Buy’ Rating
Rollins (ROL) has been on an impressive run since the beginning of 2021, gaining 6.66% year-to-date and outperforming the S&P 500 by 2.99%. The company’s success is largely due to its strategic acquisitions, which have enabled it to expand its services and increase revenues and earnings. UBS recently initiated coverage on the stock with a “Buy” rating and a 12-month price target of $48, further supporting the stock’s strong performance. The company’s shareholder-friendly behavior has also been a major factor in its success, as it has paid out dividends and bought back shares. This, combined with the current demand situation, has positioned Rollins to continue to move higher and benefit from the current market environment.
Reasons for Investing in Rollins
Rollins (ROL) is an attractive investment for many reasons. Firstly, it has gained 6.66% year-to-date, outperforming the S&P 500 by 2.99%. This is a testament to its strong performance in the recent months. Secondly, the company has been able to expand its services through various acquisitions, which has led to increased revenues and earnings. Thirdly, UBS recently initiated coverage on the stock with a “Buy” rating and a 12-month price target of $48. Finally, the stock made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 25, 2023. With a healthy demand situation and shareholder-friendly behavior, Rollins is well-positioned to benefit from the current market environment and continue to move higher. As such, investors should seriously consider investing in Rollins as it is a great way to diversify a portfolio and capitalize on the growth potential of the company.
The outlook for Rollins (ROL) is looking bright, with UBS issuing a ‘Buy’ rating and the stock outperforming the S&P 500 by 2.99%. With strong fundamentals and a favorable outlook, now may be the ideal time to invest in Rollins for long-term growth.