Republic Services (NYSE:RSG) PT Raised to $230.00

Republic Services (NYSE:RSG) had its target price boosted by analysts at The Goldman Sachs Group from $209.00 to $230.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. The Goldman Sachs Group’s price target suggests a potential upside of 21.73% from the company’s previous close.

RSG has been the subject of several other reports. Truist Financial boosted their price objective on Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a research note on Wednesday, February 28th. BMO Capital Markets boosted their target price on Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. Stifel Nicolaus boosted their target price on Republic Services from $175.00 to $187.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. Morgan Stanley cut Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 target price on the stock. in a report on Friday, March 15th. Finally, Royal Bank of Canada began coverage on Republic Services in a report on Monday, April 8th. They set a “sector perform” rating and a $198.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $199.77.

Republic Services Price Performance

NYSE:RSG opened at $188.95 on Tuesday. Republic Services has a 12 month low of $135.33 and a 12 month high of $192.57. The stock has a 50 day moving average of $185.28 and a two-hundred day moving average of $168.34. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13. The firm has a market cap of $59.52 billion, a P/E ratio of 34.54, a price-to-earnings-growth ratio of 3.27 and a beta of 0.68.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.28 by $0.13. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same period in the previous year, the business earned $1.13 EPS. Republic Services’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts expect that Republic Services will post 6.01 earnings per share for the current fiscal year.

Insider Activity at Republic Services

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $184.10, for a total value of $1,002,608.60. Following the sale, the chief executive officer now owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is currently owned by insiders.

Institutional Trading of Republic Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. raised its position in Republic Services by 19.8% in the fourth quarter. Raleigh Capital Management Inc. now owns 357 shares of the business services provider’s stock valued at $59,000 after purchasing an additional 59 shares during the period. Scotia Capital Inc. increased its position in shares of Republic Services by 2.4% during the fourth quarter. Scotia Capital Inc. now owns 2,708 shares of the business services provider’s stock worth $447,000 after acquiring an additional 64 shares during the period. Kestra Advisory Services LLC increased its position in shares of Republic Services by 2.1% during the fourth quarter. Kestra Advisory Services LLC now owns 3,120 shares of the business services provider’s stock worth $515,000 after acquiring an additional 65 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Republic Services by 0.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,150 shares of the business services provider’s stock worth $4,147,000 after acquiring an additional 66 shares during the period. Finally, Parcion Private Wealth LLC increased its position in shares of Republic Services by 0.3% during the fourth quarter. Parcion Private Wealth LLC now owns 23,808 shares of the business services provider’s stock worth $3,926,000 after acquiring an additional 68 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.