Republic Services' (RSG) Buy Rating Reaffirmed at Truist Financial

Republic Services (NYSE:RSG - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Truist Financial in a research report issued on Friday,Benzinga reports. They presently have a $250.00 target price on the business services provider's stock, up from their prior target price of $244.00. Truist Financial's target price would indicate a potential upside of 9.54% from the company's current price.

Several other brokerages have also weighed in on RSG. Morgan Stanley increased their price objective on Republic Services from $220.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Friday. Royal Bank of Canada raised 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 research report on Monday, January 6th. William Blair reiterated an "outperform" rating on shares of Republic Services in a report on Friday. BMO Capital Markets upgraded shares of Republic Services from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $211.00 to $238.00 in a report on Friday, December 6th. Finally, Jefferies Financial Group boosted their target price on Republic Services from $235.00 to $244.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Republic Services has an average rating of "Moderate Buy" and a consensus price target of $229.25.

Republic Services Price Performance

Shares of NYSE:RSG traded down $3.15 during trading on Friday, reaching $228.22. The stock had a trading volume of 1,224,932 shares, compared to its average volume of 999,053. Republic Services has a 1-year low of $179.62 and a 1-year high of $232.52. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The business has a fifty day moving average price of $211.31 and a 200-day moving average price of $207.76. The stock has a market cap of $71.47 billion, a PE ratio of 36.52, a PEG ratio of 3.24 and a beta of 0.74.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.21. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the business posted $1.41 earnings per share. On average, equities analysts forecast that Republic Services will post 6.25 earnings per share for the current fiscal year.

Insider Activity at Republic Services

In other news, Director Katharine Weymouth sold 1,859 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now owns 879 shares of the company's stock, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.09% of the company's stock.

Institutional Investors Weigh In On Republic Services

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