Republic Services (NYSE:RSG - Get Free Report) had its target price hoisted by investment analysts at Morgan Stanley from $220.00 to $230.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the business services provider's stock. Morgan Stanley's target price suggests a potential upside of 0.78% from the company's previous close.
Several other analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised Republic Services from a "hold" rating to a "buy" rating and boosted their target price for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. Oppenheimer increased their price objective on Republic Services from $219.00 to $220.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Royal Bank of Canada raised shares of Republic Services from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $219.00 to $237.00 in a report on Monday, January 6th. CIBC increased their price target on shares of Republic Services from $217.00 to $227.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th. Finally, Truist Financial raised their price objective on shares of Republic Services from $220.00 to $244.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $229.25.
Get Our Latest Report on Republic Services
Republic Services Stock Down 1.4 %
RSG stock traded down $3.15 during trading on Friday, hitting $228.22. 1,224,932 shares of the company's stock were exchanged, compared to its average volume of 999,053. The stock has a market capitalization of $71.47 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 3.24 and a beta of 0.74. Republic Services has a 52-week low of $179.62 and a 52-week high of $232.52. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The business has a 50-day moving average price of $211.31 and a two-hundred day moving average price of $207.76.
Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.21. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The business had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $4.08 billion. During the same quarter in the prior year, the business posted $1.41 EPS. As a group, equities research analysts expect that Republic Services will post 6.25 EPS for the current year.
Insiders Place Their Bets
In related news, Director Katharine Weymouth sold 1,859 shares of the company's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the sale, the director now owns 879 shares in the company, valued at $189,222.33. This represents a 67.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.09% of the company's stock.
Hedge Funds Weigh In On Republic Services
Several hedge funds and other institutional investors have recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new position in shares of Republic Services in the third quarter valued at $25,000. Arcadia Investment Management Corp MI raised its position in Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock worth $27,000 after acquiring an additional 88 shares during the last quarter. Wolff Wiese Magana LLC lifted its holdings in shares of Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider's stock valued at $28,000 after purchasing an additional 109 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Republic Services in the fourth quarter valued at approximately $32,000. Finally, Truvestments Capital LLC purchased a new position in shares of Republic Services during the 3rd quarter worth approximately $34,000. 57.73% of the stock is owned by institutional investors and hedge funds.
About Republic Services
(
Get Free Report)
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.
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