Republic Services (NYSE:RSG) PT Raised to $219.00

Republic Services (NYSE:RSG) had its price objective lifted by Oppenheimer from $210.00 to $219.00 in a report published on Monday, Benzinga reports. Oppenheimer currently has an outperform rating on the business services provider’s stock.

Several other brokerages also recently commented on RSG. William Blair began coverage on shares of Republic Services in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. StockNews.com downgraded shares of Republic Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. CIBC raised their target price on shares of Republic Services from $196.00 to $208.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. TD Cowen raised their target price on shares of Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Monday, August 5th. Finally, Robert W. Baird raised their price target on shares of Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $212.18.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $201.53 on Monday. The company has a market capitalization of $63.29 billion, a price-to-earnings ratio of 33.76, a P/E/G ratio of 3.27 and a beta of 0.69. The firm’s 50 day simple moving average is $204.11 and its 200 day simple moving average is $196.23. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. Republic Services has a fifty-two week low of $143.55 and a fifty-two week high of $208.69.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The business had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.03 billion. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. As a group, sell-side analysts forecast that Republic Services will post 6.18 earnings per share for the current year.

Insider Activity at Republic Services

In related news, Director Tomago Collins sold 3,200 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the transaction, the director now directly owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is owned by company insiders.

Hedge Funds Weigh In On Republic Services

Several hedge funds and other institutional investors have recently made changes to their positions in RSG. Wolff Wiese Magana LLC boosted its position in Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of Republic Services during the first quarter worth $29,000. Webster Bank N. A. acquired a new stake in shares of Republic Services during the third quarter worth $31,000. Itau Unibanco Holding S.A. acquired a new position in Republic Services in the second quarter valued at about $36,000. Finally, Indiana Trust & Investment Management CO acquired a new position in Republic Services in the second quarter valued at about $45,000. 57.73% of the stock is 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.