Rentokil Initial (NYSE:RTO) Stock Rating Upgraded by Zacks Research

Rentokil Initial (NYSE:RTO – Get Free Report) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Thursday, Zacks reports.

Several other analysts have also recently issued reports on RTO. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Rentokil Initial in a research report on Monday, August 3rd. Stifel Nicolaus raised Rentokil Initial from a “hold” rating to a “buy” rating in a report on Monday, October 5th. Investec upgraded Rentokil Initial to a “buy” rating in a research note on Wednesday, September 23rd. Morgan Stanley lowered shares of Rentokil Initial from an “overweight” rating to an “equal weight” rating in a report on Tuesday, September 29th. Finally, Weiss Ratings lowered shares of Rentokil Initial from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, October 13th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Rentokil Initial currently has an average rating of “Hold” and an average price target of $31.90.

View Our Latest Analysis on RTO

Rentokil Initial Trading Down 0.5%

Shares of Rentokil Initial stock opened at $22.77 on Thursday. Rentokil Initial has a fifty-two week low of $19.50 and a fifty-two week high of $34.67. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 0.65. The company has a fifty day moving average of $21.95 and a 200 day moving average of $27.33.

Hedge Funds Weigh In On Rentokil Initial

Several institutional investors have recently added to or reduced their stakes in RTO. Janus Henderson Group PLC raised its position in Rentokil Initial by 3.0% during the first quarter. Janus Henderson Group PLC now owns 16,591,965 shares of the company’s stock valued at $522,329,000 after purchasing an additional 490,885 shares during the period. Bank of America Corp DE boosted its holdings in shares of Rentokil Initial by 60.7% in the 1st 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 period. Assetmark Inc. boosted its holdings in shares of Rentokil Initial by 29.0% in the 1st quarter. Assetmark Inc. now owns 837,035 shares of the company’s stock worth $26,350,000 after purchasing an additional 188,190 shares during the period. Liberty One Investment Management LLC boosted its holdings in shares of Rentokil Initial by 7.7% in the 1st quarter. Liberty One Investment Management LLC now owns 625,994 shares of the company’s stock worth $19,706,000 after purchasing an additional 44,823 shares during the period. Finally, Quantinno Capital Management LP increased its position in shares of Rentokil Initial by 54.3% during the 1st quarter. Quantinno Capital Management LP now owns 268,673 shares of the company’s stock valued at $8,458,000 after purchasing an additional 94,519 shares during the last quarter. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Rentokil Initial News Summary

Here are the key news stories impacting Rentokil Initial this week:

Rentokil Initial Company Profile

(Get Free Report)

Rentokil Initial plc (NYSE:RTO) is a business services company headquartered in the United Kingdom. It provides pest control, hygiene, and workplace services to commercial, public-sector, and residential customers. Its offerings are designed to help organizations manage pests, maintain sanitary environments, and support health, safety, and workplace standards.

The company’s pest control services address insects, rodents, and other pests, while its hygiene operations provide washroom services, sanitary products, air care, floor-care solutions, and related workplace services.

Further Reading

Analyst Recommendations for Rentokil Initial (NYSE:RTO)

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