Analysts Set Republic Services, Inc. (NYSE:RSG) Price Target at $215.71

Shares of Republic Services, Inc. (NYSE:RSG - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eighteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $215.71.

RSG has been the topic of several research reports. Raymond James cut their price objective on Republic Services from $219.00 to $214.00 and set an "outperform" rating on the stock in a research report on Thursday, July 25th. Oppenheimer lifted their price objective on shares of Republic Services from $219.00 to $220.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted their price objective on shares of Republic Services from $209.00 to $211.00 and gave the stock a "market perform" rating in a report on Thursday, July 25th. William Blair began coverage on Republic Services in a research note on Thursday, October 3rd. They set an "outperform" rating for the company. Finally, StockNews.com downgraded Republic Services from a "strong-buy" rating to a "buy" rating in a report on Thursday, August 1st.

Institutional Investors Weigh In On Republic Services

Institutional investors have recently added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new stake in Republic Services in the 3rd quarter worth approximately $25,000. Wolff Wiese Magana LLC increased its stake in Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider's stock valued at $28,000 after acquiring an additional 109 shares during the period. EntryPoint Capital LLC acquired a new position in Republic Services in the 1st quarter valued at approximately $29,000. Webster Bank N. A. bought a new stake in shares of Republic Services during the third quarter valued at approximately $31,000. Finally, Truvestments Capital LLC bought a new position in Republic Services in the third quarter worth $34,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Trading Down 0.7 %

NYSE RSG traded down $1.42 during trading hours on Friday, hitting $208.04. 984,389 shares of the company's stock were exchanged, compared to its average volume of 1,123,681. The business's 50 day moving average is $203.84 and its 200-day moving average is $197.97. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. Republic Services has a 12-month low of $157.46 and a 12-month high of $216.18. The firm has a market capitalization of $65.15 billion, a P/E ratio of 33.28, a price-to-earnings-growth ratio of 3.28 and a beta of 0.70.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.20. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The business's quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company posted $1.54 EPS. As a group, analysts anticipate that Republic Services will post 6.24 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.12%. Republic Services's dividend payout ratio is presently 37.12%.

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.