Republic Services (NYSE:RSG) Research Coverage Started at Scotiabank

Analysts at Scotiabank started coverage on shares of Republic Services (NYSE:RSG) in a research report issued to clients and investors on Monday, MarketBeat.com reports. The brokerage set a “sector perform” rating and a $211.00 price target on the business services provider’s stock. Scotiabank’s price target would suggest a potential upside of 11.76% from the company’s previous close.

A number of other equities research analysts have also recently commented on RSG. Morgan Stanley cut Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 target price on the stock. in a report on Friday, March 15th. The Goldman Sachs Group increased their price target on Republic Services from $182.00 to $209.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Stifel Nicolaus increased their price target on Republic Services from $175.00 to $187.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Truist Financial increased their price target on Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a research note on Wednesday, February 28th. Finally, UBS Group lowered Republic Services from a “buy” rating to a “neutral” rating and increased their target price for the stock from $175.00 to $195.00 in a research report on Thursday, February 29th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $198.15.

Republic Services Stock Performance

RSG opened at $188.80 on Monday. The stock has a market cap of $59.40 billion, a P/E ratio of 34.52, a P/E/G ratio of 3.30 and a beta of 0.68. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56. The stock’s 50 day simple moving average is $183.48 and its 200 day simple moving average is $166.67. Republic Services has a 1-year low of $133.81 and a 1-year high of $192.57.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.13. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 EPS. As a group, equities analysts anticipate that Republic Services will post 6 EPS for the current fiscal year.

Insiders Place Their Bets

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $184.10, for a total value of $1,002,608.60. Following the transaction, the chief executive officer now owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Republic Services

Hedge funds have recently made changes to their positions in the business. FinTrust Capital Advisors LLC raised its holdings in shares of Republic Services by 56.3% during the third quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock valued at $28,000 after buying an additional 71 shares during the last quarter. Bogart Wealth LLC bought a new stake in Republic Services during the fourth quarter worth approximately $30,000. Turtle Creek Wealth Advisors LLC bought a new stake in Republic Services during the fourth quarter worth approximately $34,000. Strategic Investment Solutions Inc. IL bought a new stake in Republic Services during the first quarter worth approximately $34,000. Finally, Millburn Ridgefield Corp bought a new stake in Republic Services during the third quarter worth approximately $36,000. 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.