Republic Services Inc. (NYSE:RSG) Receives $51.33 Consensus Price Target from Analysts
Shares of Republic Services Inc. (NYSE:RSG) have earned a consensus recommendation of “Buy” from the twelve research firms that are currently covering the firm. Six investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $51.90.
A number of equities analysts recently weighed in on RSG shares. Imperial Capital increased their price objective on shares of Republic Services from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 2nd. Zacks Investment Research cut shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Tuesday, September 20th. Macquarie began coverage on shares of Republic Services in a research report on Thursday, August 25th. They issued a “neutral” rating and a $53.00 price target for the company. Finally, Barclays PLC raised their price target on shares of Republic Services from $52.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, August 9th.
In related news, CAO Brian A. Goebel sold 1,695 shares of Republic Services stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $52.10, for a total transaction of $88,309.50. Following the sale, the chief accounting officer now directly owns 6,391 shares in the company, valued at approximately $332,971.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.50% of the company’s stock.
Large investors have recently made changes to their positions in the company. PineBridge Investments L.P. raised its stake in shares of Republic Services by 526.7% in the second quarter. PineBridge Investments L.P. now owns 2,933 shares of the company’s stock valued at $150,000 after buying an additional 2,465 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised its stake in shares of Republic Services by 73.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,005 shares of the company’s stock valued at $154,000 after buying an additional 1,270 shares in the last quarter. Farmers National Bank bought a new stake in shares of Republic Services during the second quarter valued at approximately $183,000. IFP Advisors Inc raised its stake in shares of Republic Services by 45.0% in the first quarter. IFP Advisors Inc now owns 4,198 shares of the company’s stock valued at $200,000 after buying an additional 1,303 shares in the last quarter. Finally, Reynolds Capital Management LLC bought a new stake in shares of Republic Services during the first quarter valued at approximately $210,000. Hedge funds and other institutional investors own 61.01% of the company’s stock.
Shares of Republic Services (NYSE:RSG) opened at 50.45 on Tuesday. Republic Services has a one year low of $41.64 and a one year high of $52.92. The stock’s 50 day moving average is $50.75 and its 200-day moving average is $49.48. The stock has a market capitalization of $17.30 billion, a price-to-earnings ratio of 24.24 and a beta of 0.59.
Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.55 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.55. The firm earned $2.35 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Republic Services had a net margin of 7.85% and a return on equity of 9.21%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company posted $0.54 EPS. On average, equities research analysts predict that Republic Services will post $2.16 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Monday, October 3rd will be paid a dividend of $0.32 per share. This is a positive change from Republic Services’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 2.54%. The ex-dividend date is Thursday, September 29th. Republic Services’s dividend payout ratio (DPR) is currently 61.84%.
About Republic Services
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services in the United States. The Company operates through three segments: East, Central and West. The Company operates in over 40 states and Puerto Rico through approximately 340 collection operations, over 200 transfer stations, over 190 active landfills, approximately 70 recycling centers, approximately 10 treatment, recovery and disposal facilities, and over 10 salt water disposal wells.
Receive News & Stock Ratings for Republic Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services Inc. and related stocks with our FREE daily email newsletter.