Stifel Nicolaus Boosts Republic Services (NYSE:RSG) Price Target to $257.00

Republic Services (NYSE:RSG) had its price target raised by investment analysts at Stifel Nicolaus from $240.00 to $257.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. Stifel Nicolaus’ target price points to a potential upside of 11.94% from the company’s current price.

Several other research firms have also recently issued reports on RSG. CIBC increased their price target on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Oppenheimer upped their price target on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley boosted their target price on Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $219.00 to $237.00 in a research note on Monday, January 6th. Finally, Truist Financial reissued a “buy” rating and issued a $250.00 price objective (up previously from $244.00) on shares of Republic Services in a research note on Friday, February 14th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and a consensus price target of $231.75.

Republic Services Stock Performance

RSG stock opened at $229.59 on Tuesday. The stock’s fifty day moving average is $212.03 and its two-hundred day moving average is $208.11. The stock has a market capitalization of $71.90 billion, a price-to-earnings ratio of 35.38, a PEG ratio of 3.33 and a beta of 0.74. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. Republic Services has a 1 year low of $179.62 and a 1 year high of $232.52.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.37 by $0.21. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same quarter last year, the business earned $1.41 earnings per share. On average, research analysts predict that Republic Services will post 6.89 EPS for the current year.

Insider Buying and Selling at Republic Services

In other news, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the transaction, the director now directly owns 879 shares in the company, valued at $189,222.33. The trade was a 67.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On Republic Services

Hedge funds and other institutional investors have recently made changes to their positions in the company. Silvercrest Asset Management Group LLC boosted its stake in shares of Republic Services by 0.5% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 8,648 shares of the business services provider’s stock worth $1,740,000 after acquiring an additional 46 shares in the last quarter. McGlone Suttner Wealth Management Inc. increased its holdings in Republic Services by 2.2% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider’s stock valued at $445,000 after buying an additional 48 shares during the period. FORA Capital LLC increased its stake in Republic Services by 0.7% in the fourth quarter. FORA Capital LLC now owns 7,659 shares of the business services provider’s stock valued at $1,541,000 after acquiring an additional 50 shares during the period. Simmons Bank raised its holdings in shares of Republic Services by 2.8% in the 3rd quarter. Simmons Bank now owns 1,895 shares of the business services provider’s stock worth $381,000 after buying an additional 51 shares in the last quarter. Finally, Access Financial Services Inc. raised its stake in Republic Services by 0.8% during the fourth quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider’s stock worth $1,243,000 after acquiring an additional 51 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

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.