Republic Services (NYSE:RSG) received a $93.00 price objective from analysts at Raymond James in a research note issued on Friday, The Fly reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Raymond James’ target price would indicate a potential upside of 3.00% from the stock’s current price.
A number of other research firms have also recently issued reports on RSG. Royal Bank of Canada increased their price target on Shopify from C$230.00 to C$265.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. UBS Group restated a “hold” rating on shares of Deutsche Bank in a report on Thursday, April 4th. Stifel Nicolaus restated a “hold” rating on shares of NEXT in a report on Monday, April 29th. Bank of America set a $275.00 price target on SVB Financial Group and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Zacks Investment Research cut GenMark Diagnostics from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Republic Services currently has a consensus rating of “Hold” and an average target price of $83.64.
Shares of RSG stock opened at $90.29 on Friday. The company has a market capitalization of $29.04 billion, a PE ratio of 29.22, a PEG ratio of 2.95 and a beta of 0.50. Republic Services has a one year low of $67.48 and a one year high of $90.39. The firm has a 50 day moving average of $87.03. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.42 and a quick ratio of 0.42.
Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Republic Services had a return on equity of 12.87% and a net margin of 10.32%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 EPS. Sell-side analysts predict that Republic Services will post 3.26 earnings per share for the current year.
In other news, CFO Charles F. Serianni sold 9,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $82.30, for a total transaction of $781,850.00. Following the transaction, the chief financial officer now directly owns 53,700 shares of the company’s stock, valued at $4,419,510. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Donald W. Slager sold 69,966 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $82.66, for a total value of $5,783,389.56. Following the transaction, the chief executive officer now directly owns 287,610 shares in the company, valued at $23,773,842.60. The disclosure for this sale can be found here. Insiders have sold 131,875 shares of company stock worth $10,891,028 over the last ninety days. 0.30% of the stock is owned by insiders.
Several large investors have recently modified their holdings of RSG. Dimensional Fund Advisors LP raised its position in shares of Republic Services by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,206,334 shares of the business services provider’s stock worth $303,237,000 after purchasing an additional 118,090 shares during the period. Geode Capital Management LLC raised its position in shares of Republic Services by 9.3% during the fourth quarter. Geode Capital Management LLC now owns 3,819,787 shares of the business services provider’s stock worth $275,009,000 after purchasing an additional 324,355 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of Republic Services by 177.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 29,929 shares of the business services provider’s stock worth $2,158,000 after purchasing an additional 19,129 shares during the period. Suntrust Banks Inc. raised its position in shares of Republic Services by 2.1% during the fourth quarter. Suntrust Banks Inc. now owns 7,380 shares of the business services provider’s stock worth $532,000 after purchasing an additional 154 shares during the period. Finally, MML Investors Services LLC purchased a new stake in Republic Services in the 4th quarter valued at $220,000. 58.83% of the stock is currently owned by institutional investors.
Republic Services Company Profile
Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.
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