Rentokil Initial: Excessive Derating But Still Unattractive Risk/Reward, Hold [Seeking Alpha]
Rentokil Initial plc American Depositary Shares (each representing five (5) Ordinary Shares) (RTO)
Company Research
Source: Seeking Alpha
This has triggered a sentiment shift as investors are concerned about the defensive nature of the business and the company's ability to hit growth and margin targets. We revise our estimates downwards to better reflect the current situation. While we find the derating excessive, we still do not find the risk/reward attractive and issue a Hold rating. We provide our follow-up note on Rentokil Initial ( NYSE: RTO OTCPK:RKLIF ), a British services group focused on pest control and hygiene, with a Hold rating. We appreciated the underlying fundamentals while seeing no attractive valuation upside. Since our note, the stock has lost more than 28% of its value as a result of disappointing quarterly results, a guidance revision, and shifting sentiment around the defensive nature of the business. We will provide a brief overview of the results, analyze what went wrong, update our valuation, and reconsider the investment case. Q3 Results Rentokil's Q3 results came in slightly below con
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High impacting Rentokil Initial plc American Depositary Shares (each representing five (5) Ordinary Shares) news events
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News
- Rentokil Initial plc (NYSE: RTO) is now covered by analysts at JPMorgan Chase & Co.. They set a "neutral" rating on the stock.MarketBeat
- HOW TO KEEP PESTS FROM BUZZING THROUGH COMMUNITY CLEAN-UP EVENTS THIS EARTH DAY [Yahoo! Finance]Yahoo! Finance
- HOW TO KEEP PESTS FROM BUZZING THROUGH COMMUNITY CLEAN-UP EVENTS THIS EARTH DAYPR Newswire
- Rentokil Initial PLC Announces Annual Financial ReportAccesswire
- TERMINIX® IS NAMED THE OFFICIAL PEST CONTROL PARTNER OF THE UNITED SOCCER LEAGUE [Yahoo! Finance]Yahoo! Finance
RTO
Sec Filings
- 4/29/24 - Form 6-K
- 4/23/24 - Form 6-K
- 4/18/24 - Form 6-K
- RTO's page on the SEC website