Oppenheimer Increases Republic Services (NYSE:RSG) Price Target to $219.00

Republic Services (NYSE:RSG) had its price target upped by stock analysts at Oppenheimer from $210.00 to $219.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price target suggests a potential upside of 7.40% from the company’s previous close.

Several other equities analysts have also recently commented on the company. Stifel Nicolaus upped their price target on Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Truist Financial raised Republic Services from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $192.00 to $220.00 in a research note on Thursday, July 11th. CIBC increased their target price on Republic Services from $196.00 to $208.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. TD Cowen lifted their price target on Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a report on Monday, August 5th. Finally, StockNews.com cut shares of Republic Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and an average target price of $212.18.

Republic Services Stock Down 0.1 %

Shares of RSG stock opened at $203.92 on Monday. Republic Services has a twelve month low of $142.65 and a twelve month high of $208.69. The company has a market capitalization of $64.05 billion, a price-to-earnings ratio of 34.16, a PEG ratio of 3.29 and a beta of 0.69. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. The stock’s 50 day simple moving average is $204.08 and its 200 day simple moving average is $196.17.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.03 billion. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. As a group, research analysts predict that Republic Services will post 6.18 EPS for the current year.

Insider Activity

In related news, Director Tomago Collins sold 3,200 shares of Republic Services stock in a transaction on Friday, August 16th. The stock was sold at an average price of $203.01, for a total transaction of $649,632.00. Following the completion of the sale, the director now directly owns 17,486 shares of the company’s stock, valued at $3,549,832.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RSG. Wolff Wiese Magana LLC increased its position in shares of Republic Services by 351.6% in 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 bought a new stake in shares of Republic Services in the first quarter worth about $29,000. Webster Bank N. A. acquired a new stake in shares of Republic Services during the third quarter worth about $31,000. Itau Unibanco Holding S.A. bought a new position in shares of Republic Services during the 2nd quarter valued at about $36,000. Finally, Indiana Trust & Investment Management CO acquired a new position in shares of Republic Services in the 2nd quarter valued at approximately $45,000. Institutional investors own 57.73% of the company’s stock.

About Republic Services

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.