Jefferies Financial Group Forecasts Strong Price Appreciation for Republic Services (NYSE:RSG) Stock

Republic Services (NYSE:RSG) had its target price hoisted by research analysts at Jefferies Financial Group from $235.00 to $244.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. Jefferies Financial Group’s target price indicates a potential upside of 15.24% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Oppenheimer increased their price objective on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Truist Financial lifted their price objective on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. William Blair began coverage on Republic Services in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $211.00 to $238.00 in a research note on Friday, December 6th. Finally, Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $219.00 to $237.00 in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and an average price target of $222.24.

Republic Services Trading Down 0.2 %

Shares of NYSE RSG opened at $211.74 on Thursday. The firm has a market capitalization of $66.31 billion, a PE ratio of 33.88, a PEG ratio of 3.07 and a beta of 0.73. Republic Services has a one year low of $168.58 and a one year high of $220.58. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The business has a 50-day moving average price of $209.37 and a two-hundred day moving average price of $204.98.

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 the consensus estimate of $1.61 by $0.20. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.54 EPS. As a group, analysts predict that Republic Services will post 6.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the sale, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the transaction, the director now directly owns 879 shares of the company’s stock, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RSG. FSA Wealth Management LLC acquired a new stake in shares of Republic Services during the 3rd quarter worth about $25,000. Wolff Wiese Magana LLC increased its holdings in shares of Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after buying an additional 109 shares in the last quarter. Webster Bank N. A. bought a new position in shares of Republic Services in the third quarter valued at approximately $31,000. R Squared Ltd bought a new position in shares of Republic Services in the fourth quarter valued at about $32,000. Finally, Truvestments Capital LLC acquired a new position in Republic Services during the 3rd quarter worth about $34,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

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.