Republic Services, Inc. (RSG) Receives $72.60 Average Target Price from Analysts
Shares of Republic Services, Inc. (NYSE:RSG) have been assigned an average rating of “Hold” from the ten analysts that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and four have assigned 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 $72.60.
A number of brokerages have recently weighed in on RSG. BMO Capital Markets lifted their price objective on Republic Services from $75.00 to $79.00 and gave the company a “positive” rating in a research note on Thursday, August 16th. Stifel Nicolaus lifted their target price on Republic Services from $73.00 to $78.00 and gave the company a “buy” rating in a report on Monday, September 10th. Zacks Investment Research upgraded Republic Services from a “sell” rating to a “hold” rating in a report on Wednesday, August 1st. Bank of America lowered Republic Services from a “buy” rating to a “neutral” rating and set a $74.00 target price for the company. in a report on Wednesday, October 24th. Finally, ValuEngine upgraded Republic Services from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd.
Shares of NYSE RSG traded up $0.96 during trading on Thursday, reaching $75.65. The stock had a trading volume of 1,247,900 shares, compared to its average volume of 1,515,423. Republic Services has a fifty-two week low of $60.26 and a fifty-two week high of $75.82. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $24.24 billion, a PE ratio of 31.13, a PEG ratio of 2.27 and a beta of 0.54.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be issued a $0.375 dividend. The ex-dividend date is Monday, December 31st. This represents a $1.50 dividend on an annualized basis and a yield of 1.98%. Republic Services’s dividend payout ratio (DPR) is presently 61.73%.
In related news, Director Jennifer M. Kirk bought 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The stock was purchased at an average cost of $72.35 per share, for a total transaction of $108,525.00. Following the completion of the acquisition, the director now owns 1,500 shares in the company, valued at approximately $108,525. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.30% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. First Hawaiian Bank purchased a new stake in Republic Services during the 3rd quarter worth about $119,000. Braun Bostich & Associates Inc. lifted its holdings in Republic Services by 531.6% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,819 shares of the business services provider’s stock worth $124,000 after buying an additional 1,531 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in Republic Services by 57.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,936 shares of the business services provider’s stock worth $132,000 after buying an additional 704 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in Republic Services during the 2nd quarter worth about $178,000. Finally, Cerebellum GP LLC purchased a new stake in Republic Services during the 3rd quarter worth about $186,000. Hedge funds and other institutional investors own 61.56% 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; supply of waste containers; and renting of compactors.
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