Republic Services, Inc. (NYSE:RSG) Receives $215.71 Average Target Price from Brokerages

Shares of Republic Services, Inc. (NYSE:RSG) have earned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $215.71.

Several analysts have recently commented on the stock. William Blair assumed coverage on shares of Republic Services in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. Raymond James decreased their price objective on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Stifel Nicolaus raised their price objective on shares of Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Robert W. Baird raised their price objective on shares of Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Finally, Morgan Stanley raised their price objective on shares of Republic Services from $208.00 to $217.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th.

Institutional Investors Weigh In On Republic Services

Several hedge funds have recently bought and sold shares of RSG. Stifel Financial Corp lifted its position in Republic Services by 437.9% during the third quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock valued at $364,449,000 after purchasing an additional 1,477,255 shares during the last quarter. Capital World Investors raised its stake in shares of Republic Services by 20.5% during the first quarter. Capital World Investors now owns 7,909,008 shares of the business services provider’s stock worth $1,514,100,000 after acquiring an additional 1,346,588 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Republic Services by 23.2% during the third quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock worth $1,205,883,000 after acquiring an additional 1,131,850 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Republic Services by 83,671.9% in the third quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider’s stock worth $108,183,000 after buying an additional 538,010 shares during the period. Finally, National Bank of Canada FI increased its stake in shares of Republic Services by 544.7% in the third quarter. National Bank of Canada FI now owns 545,613 shares of the business services provider’s stock worth $109,580,000 after buying an additional 460,989 shares during the period. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Up 0.5 %

Republic Services stock opened at $209.08 on Friday. Republic Services has a 1-year low of $157.91 and a 1-year high of $216.18. The firm has a market capitalization of $65.47 billion, a price-to-earnings ratio of 33.45, a price-to-earnings-growth ratio of 3.18 and a beta of 0.70. The firm’s fifty day moving average price is $203.92 and its two-hundred day moving average price is $198.26. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the firm earned $1.54 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts predict that Republic Services will post 6.24 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.11%. Republic Services’s payout ratio is presently 37.12%.

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.