Republic Services Receives New Coverage from Analysts at Macquarie (RSG)
Research analysts at Macquarie initiated coverage on shares of Republic Services (NYSE:RSG) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
RSG has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Republic Services from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 3rd. They now have a $37.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Republic Services from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, November 21st. They now have a $36.00 price target on the stock. Finally, analysts at Wedbush downgraded shares of Republic Services from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, November 4th. They now have a $35.00 price target on the stock, down previously from $38.00. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $36.71.
Shares of Republic Services (NYSE:RSG) traded down 0.40% during mid-day trading on Tuesday, hitting $32.69. The stock had a trading volume of 2,610,588 shares. Republic Services has a 1-year low of $29.68 and a 1-year high of $35.61. The stock’s 50-day moving average is $33.99 and its 200-day moving average is $33.89. The company has a market cap of $11.771 billion and a P/E ratio of 24.86.
Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.49 by $0.06. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Analysts expect that Republic Services will post $1.91 EPS for the current fiscal year.
Republic Services, Inc (NYSE:RSG) is a provider of services in the domestic non-hazardous solid waste industry.
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