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Republic Services (NYSE:RSG) was downgraded by research analysts at KeyCorp from a “buy” rating to a “hold” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. They currently have a $39.00 target price on the stock. KeyCorp’s price target would indicate a potential downside of 0.84% from the company’s current price.

In other Republic Services news, EVP Michael P. Rissman sold 22,242 shares of the stock on the open market in a transaction dated Thursday, August 28th. The stock was sold at an average price of $39.25, for a total transaction of $872,998.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Republic Services in a research note on Monday, July 28th. They now have a $39.00 price target on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Republic Services from $41.00 to $43.50 in a research note on Friday, July 25th. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James upgraded shares of Republic Services from a “market perform” rating to a “strong-buy” rating in a research note on Tuesday, June 10th. They now have a $42.00 price target on the stock. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Republic Services presently has a consensus rating of “Hold” and an average price target of $39.08.

Republic Services (NYSE:RSG) traded down 0.42% on Tuesday, hitting $39.165. The stock had a trading volume of 778,573 shares. Republic Services has a 52 week low of $31.42 and a 52 week high of $39.66. The stock has a 50-day moving average of $38.19 and a 200-day moving average of $35.89. The company has a market cap of $13.931 billion and a P/E ratio of 19.73.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, July 24th. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.49 by $0.02. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the company posted $0.43 earnings per share. Republic Services’s revenue was up 5.4% compared to the same quarter last year. On average, analysts predict that Republic Services will post $1.97 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Monday, September 29th. This is a positive change from Republic Services’s previous quarterly dividend of $0.26.

Republic Services, Inc (NYSE:RSG) is a provider of services in the domestic non-hazardous solid waste industry.

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