Republic Services, Inc. (NYSE:RSG) Receives $212.18 Consensus Price Target from Analysts

Republic Services, Inc. (NYSE:RSG) has earned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $212.18.

Several equities analysts have recently weighed in on the company. StockNews.com lowered Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Oppenheimer boosted their price objective on shares of Republic Services from $210.00 to $219.00 and gave the stock an “outperform” rating in a research note on Monday. Truist Financial raised shares of Republic Services from a “hold” rating to a “buy” rating and raised their target price for the company from $192.00 to $220.00 in a research note on Thursday, July 11th. Robert W. Baird lifted their target price on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Finally, TD Cowen increased 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.

Insider Activity

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

Hedge Funds Weigh In On Republic Services

A number of hedge funds have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System lifted its holdings in Republic Services by 8.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 239,031 shares of the business services provider’s stock worth $45,760,000 after buying an additional 19,414 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Republic Services by 32.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,296 shares of the business services provider’s stock worth $18,052,000 after purchasing an additional 23,306 shares during the period. PGGM Investments increased its stake in Republic Services by 264.3% during the second quarter. PGGM Investments now owns 8,842 shares of the business services provider’s stock valued at $1,718,000 after purchasing an additional 6,415 shares during the last quarter. Forsta AP Fonden raised its holdings in shares of Republic Services by 11.7% during the first quarter. Forsta AP Fonden now owns 45,000 shares of the business services provider’s stock worth $8,615,000 after purchasing an additional 4,700 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Republic Services by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider’s stock worth $3,494,714,000 after buying an additional 101,518 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Down 1.2 %

Shares of RSG opened at $201.53 on Tuesday. Republic Services has a fifty-two week low of $143.55 and a fifty-two week high of $208.69. The company’s fifty day moving average is $204.11 and its two-hundred day moving average is $196.23. The firm has a market cap of $63.29 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 3.27 and a beta of 0.69. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05.

Republic Services (NYSE:RSG) last issued its earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.03 billion. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. Analysts forecast that Republic Services will post 6.18 earnings per share for the current year.

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.