Republic Services Coverage Initiated by Analysts at Imperial Capital (RSG)
Equities researchers at Imperial Capital assumed coverage on shares of Republic Services (NYSE:RSG) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $41.00 price target on the stock. Imperial Capital’s price objective would indicate a potential upside of 14.81% from the stock’s previous close.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Republic Services in a research note on Tuesday, May 6th. They now have a $37.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $37.25.
Shares of Republic Services (NYSE:RSG) traded up 0.82% during mid-day trading on Thursday, hitting $35.71. 1,252,707 shares of the company’s stock traded hands. Republic Services has a 1-year low of $31.42 and a 1-year high of $35.62. The stock has a 50-day moving average of $34.96 and a 200-day moving average of $33.94. The company has a market cap of $12.725 billion and a price-to-earnings ratio of 21.47.
Republic Services (NYSE:RSG) last released its earnings data on Thursday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.01. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts expect that Republic Services will post $1.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Friday, June 27th.
Republic Services, Inc (NYSE:RSG) is a provider of services in the domestic non-hazardous solid waste industry.
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