Analysts Set Republic Services, Inc. (NYSE:RSG) PT at $212.18

Republic Services, Inc. (NYSE:RSG) has been assigned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $212.18.

Several research firms have weighed in on RSG. CIBC raised their price target on Republic Services from $196.00 to $208.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Royal Bank of Canada increased their price target on shares of Republic Services from $201.00 to $211.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. Scotiabank initiated coverage on shares of Republic Services in a report on Friday, October 4th. They set a “sector perform” rating and a $224.00 price objective for the company. Oppenheimer increased their target price on Republic Services from $210.00 to $219.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, William Blair assumed coverage on Republic Services in a research note on Thursday, October 3rd. They set an “outperform” rating for the company.

Republic Services Trading Up 0.3 %

Republic Services stock opened at $200.42 on Tuesday. The stock has a market cap of $62.95 billion, a P/E ratio of 33.57, a PEG ratio of 3.21 and a beta of 0.69. Republic Services has a fifty-two week low of $146.15 and a fifty-two week high of $208.69. The firm’s fifty day moving average price is $203.93 and its 200-day moving average price is $196.52. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.16%. The ex-dividend date is Thursday, January 2nd. Republic Services’s dividend payout ratio (DPR) is currently 38.86%.

Insider Buying and Selling at Republic Services

In other news, Director Tomago Collins sold 3,200 shares of Republic Services stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $203.01, for a total transaction of $649,632.00. Following the sale, the director now owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On Republic Services

Hedge funds have recently bought and sold shares of the business. Wolff Wiese Magana LLC increased its position in Republic Services by 351.6% during the 3rd 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. EntryPoint Capital LLC purchased a new position in shares of Republic Services in the 1st quarter worth about $29,000. Webster Bank N. A. bought a new position in Republic Services in the 3rd quarter worth about $31,000. Itau Unibanco Holding S.A. purchased a new stake in Republic Services during the 2nd quarter valued at about $36,000. Finally, Indiana Trust & Investment Management CO bought a new stake in Republic Services during the 2nd quarter valued at about $45,000. Institutional investors own 57.73% of the company’s stock.

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.