Republic Services Given Consensus Recommendation of “Hold” by Brokerages (NYSE:RSG)
Republic Services (NYSE:RSG) has earned an average recommendation of “Hold” from the seven ratings firms that are covering the company, StockRatingsNetwork.com reports. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $39.10.
A number of research firms have recently commented on RSG. Analysts at KeyCorp downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Tuesday. Separately, 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. Finally, 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.
In other Republic Services news, EVP Michael P. Rissman unloaded 22,242 shares of Republic Services stock 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 sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Republic Services (NYSE:RSG) traded down 0.23% on Tuesday, hitting $39.24. The stock had a trading volume of 380,322 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 $13.958 billion and a price-to-earnings ratio of 19.73.
Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts expect that Republic Services will post $1.97 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Monday, September 29th. This is a boost 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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