Republic Services (NYSE:RSG - Get Free Report) had its price target upped by analysts at UBS Group from $240.00 to $250.00 in a report released on Friday,Benzinga reports. The firm presently has a "neutral" rating on the business services provider's stock. UBS Group's price objective points to a potential upside of 2.21% from the company's previous close.
Several other brokerages also recently issued reports on RSG. Cibc World Mkts raised shares of Republic Services from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. William Blair reaffirmed an "outperform" rating on shares of Republic Services in a research report on Friday, February 14th. Stifel Nicolaus raised their price objective on shares of Republic Services from $240.00 to $257.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Royal Bank of Canada upgraded shares of Republic Services from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. Finally, Jefferies Financial Group upped their price objective on shares of Republic Services from $235.00 to $244.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $239.13.
View Our Latest Stock Analysis on RSG
Republic Services Stock Performance
Shares of NYSE:RSG traded down $0.97 on Friday, reaching $244.59. 1,154,160 shares of the company's stock were exchanged, compared to its average volume of 1,224,250. The firm has a market capitalization of $76.38 billion, a price-to-earnings ratio of 37.69, a PEG ratio of 3.64 and a beta of 0.62. Republic Services has a fifty-two week low of $180.91 and a fifty-two week high of $249.73. The business's 50-day moving average is $233.74 and its two-hundred day moving average is $217.10. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04.
Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.21. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same period in the previous year, the firm posted $1.41 earnings per share. As a group, equities research analysts forecast that Republic Services will post 6.86 EPS for the current year.
Insider Transactions at Republic Services
In related news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the transaction, the chief operating officer now owns 10,416 shares of the company's stock, valued at $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by insiders.
Institutional Trading of Republic Services
Hedge funds have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in Republic Services by 37.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider's stock worth $3,586,000 after purchasing an additional 4,827 shares during the last quarter. DnB Asset Management AS lifted its stake in Republic Services by 65.1% in the fourth quarter. DnB Asset Management AS now owns 72,931 shares of the business services provider's stock valued at $14,672,000 after buying an additional 28,764 shares in the last quarter. Avanza Fonder AB bought a new stake in shares of Republic Services during the fourth quarter worth $4,430,000. Czech National Bank increased its holdings in Republic Services by 6.1% during the 4th quarter. Czech National Bank now owns 44,134 shares of the business services provider's stock worth $8,879,000 after purchasing an additional 2,548 shares in the last quarter. Finally, Hickory Point Bank & Trust acquired a new position in Republic Services during the 4th quarter worth approximately $790,000. Institutional investors and hedge funds own 57.73% of the company's stock.
Republic Services Company Profile
(
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.
Read More
Before you consider Republic Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Republic Services wasn't on the list.
While Republic Services currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
