Analysts Set Republic Services, Inc. (NYSE:RSG) Price Target at $85.75

Shares of Republic Services, Inc. (NYSE:RSG) have been assigned an average recommendation of “Hold” from the twelve analysts that are currently covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $85.75.

A number of analysts have issued reports on the company. ValuEngine lowered Republic Services from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. assumed coverage on Republic Services in a research note on Wednesday, August 7th. They issued a “neutral” rating and a $94.00 price target on the stock. Stifel Nicolaus set a $95.00 price target on Republic Services and gave the stock a “buy” rating in a research note on Monday, September 23rd. Raymond James set a $93.00 price target on Republic Services and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada set a $91.00 price objective on Republic Services and gave the stock a “hold” rating in a report on Friday, July 26th.

NYSE:RSG traded up $1.69 during mid-day trading on Friday, reaching $86.74. The company’s stock had a trading volume of 714,693 shares, compared to its average volume of 1,165,454. The company’s fifty day simple moving average is $87.60 and its two-hundred day simple moving average is $85.18. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.41 and a quick ratio of 0.41. Republic Services has a twelve month low of $67.48 and a twelve month high of $90.61. The stock has a market cap of $27.28 billion, a P/E ratio of 28.07, a P/E/G ratio of 2.90 and a beta of 0.49.

Republic Services (NYSE:RSG) last issued 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. Republic Services had a return on equity of 12.86% and a net margin of 10.32%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period last year, the company earned $0.73 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. Sell-side analysts expect that Republic Services will post 3.24 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.87%. This is an increase from Republic Services’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, September 30th. Republic Services’s dividend payout ratio (DPR) is 52.43%.

In related news, EVP Catharine D. Ellingsen sold 3,100 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $90.00, for a total transaction of $279,000.00. Following the sale, the executive vice president now directly owns 14,307 shares in the company, valued at approximately $1,287,630. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Donald W. Slager sold 48,891 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $90.00, for a total value of $4,400,190.00. Following the sale, the chief executive officer now owns 333,846 shares in the company, valued at $30,046,140. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,117 shares of company stock worth $13,240,530. Company insiders own 0.30% of the company’s stock.

Several large investors have recently made changes to their positions in RSG. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Republic Services by 18.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,811 shares of the business services provider’s stock valued at $628,000 after buying an additional 1,220 shares during the period. Piedmont Investment Advisors Inc. raised its holdings in shares of Republic Services by 5.4% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 4,487 shares of the business services provider’s stock valued at $361,000 after buying an additional 229 shares during the period. CIBC World Markets Inc. raised its holdings in shares of Republic Services by 1.2% during the 1st quarter. CIBC World Markets Inc. now owns 22,433 shares of the business services provider’s stock valued at $1,803,000 after buying an additional 256 shares during the period. Commonwealth Bank of Australia raised its holdings in shares of Republic Services by 0.5% during the 1st quarter. Commonwealth Bank of Australia now owns 39,096 shares of the business services provider’s stock valued at $3,137,000 after buying an additional 200 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Republic Services by 12.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 301,871 shares of the business services provider’s stock valued at $24,264,000 after buying an additional 33,371 shares during the period. Institutional investors and hedge funds own 58.79% of the company’s stock.

About Republic Services

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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Analyst Recommendations for Republic Services (NYSE:RSG)

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