Republic Services (NYSE:RSG) Upgraded at Deutsche Bank Aktiengesellschaft

Republic Services (NYSE:RSG - Get Free Report) was upgraded by Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage currently has a $237.00 target price on the business services provider's stock, up from their previous target price of $219.00. Deutsche Bank Aktiengesellschaft's target price suggests a potential upside of 11.96% from the company's previous close.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley lifted their price target on Republic Services from $208.00 to $217.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. CIBC lifted 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. Royal Bank of Canada lifted their target price on Republic Services from $211.00 to $219.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. BMO Capital Markets raised Republic Services from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $211.00 to $238.00 in a research note on Friday. Finally, William Blair began coverage on Republic Services in a research note on Thursday, October 3rd. They set an "outperform" rating on the stock. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $219.88.

Republic Services Stock Performance

Shares of NYSE RSG traded down $0.65 during midday trading on Tuesday, reaching $211.69. 651,683 shares of the company traded hands, compared to its average volume of 1,113,578. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a 50-day moving average price of $207.79 and a 200 day moving average price of $201.26. Republic Services has a 52 week low of $160.65 and a 52 week high of $220.58. The company has a market cap of $66.29 billion, a price-to-earnings ratio of 33.87, a PEG ratio of 3.31 and a beta of 0.71.

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

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the sale, the director now owns 879 shares of the company's stock, valued at $189,222.33. This represents a 67.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the sale, the chief financial officer now directly owns 6,318 shares in the company, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RSG. FSA Wealth Management LLC acquired a new stake in Republic Services during the 3rd quarter worth approximately $25,000. Wolff Wiese Magana LLC grew its stake 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 buying an additional 109 shares in the last quarter. Webster Bank N. A. acquired a new stake in Republic Services during the 3rd quarter worth approximately $31,000. Truvestments Capital LLC acquired a new stake in Republic Services in the 3rd quarter worth about $34,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Republic Services in the second quarter valued at approximately $36,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

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.