Republic Services, Inc. (NYSE:RSG) Earns “Buy” Rating from Stifel Nicolaus
Republic Services, Inc. (NYSE:RSG)‘s stock had its “buy” rating restated by equities researchers at Stifel Nicolaus in a note issued to investors on Wednesday. They presently have a $73.00 price target on the business services provider’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 12.60% from the stock’s previous close.
A number of other equities analysts have also weighed in on RSG. Wedbush boosted their price objective on shares of Republic Services from $62.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, March 30th. Barclays PLC reissued a “hold” rating and issued a $59.00 price objective on shares of Republic Services in a research report on Friday, April 28th. Credit Suisse Group set a $63.00 price objective on shares of Republic Services and gave the company a “hold” rating in a research report on Sunday, April 30th. Zacks Investment Research raised shares of Republic Services from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Tuesday, May 2nd. Finally, BMO Capital Markets started coverage on shares of Republic Services in a research report on Thursday, June 29th. They issued an “outperform” rating and a $71.00 price objective for the company. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $67.90.
Republic Services (NYSE RSG) traded down 0.31% during mid-day trading on Wednesday, hitting $64.63. 356,244 shares of the stock traded hands. Republic Services has a 12-month low of $49.18 and a 12-month high of $65.34. The firm’s 50-day moving average is $64.16 and its 200-day moving average is $61.80. The company has a market cap of $21.85 billion, a price-to-earnings ratio of 34.38 and a beta of 0.59.
Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, April 27th. The business services provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.36 billion. Republic Services had a net margin of 6.75% and a return on equity of 10.18%. The company’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 earnings per share. Equities research analysts expect that Republic Services will post $2.39 EPS for the current year.
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A number of institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP increased its stake in Republic Services by 3.0% in the fourth quarter. GSA Capital Partners LLP now owns 7,574 shares of the business services provider’s stock valued at $432,000 after buying an additional 221 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Republic Services by 4.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 7,970 shares of the business services provider’s stock valued at $455,000 after buying an additional 340 shares in the last quarter. Kentucky Retirement Systems acquired a new stake in Republic Services during the fourth quarter valued at about $957,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Republic Services during the fourth quarter valued at about $427,000. Finally, Chevy Chase Trust Holdings Inc. increased its stake in Republic Services by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 199,222 shares of the business services provider’s stock valued at $12,513,000 after buying an additional 5,628 shares in the last quarter. 61.33% of the stock is owned by hedge funds and other institutional investors.
Republic Services Company Profile
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.
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