Republic Services, Inc. (RSG) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Republic Services, Inc. (NYSE:RSG) have received an average rating of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $67.90.
A number of equities research analysts have recently issued reports on RSG shares. Wedbush boosted their price target on shares of Republic Services from $62.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, March 30th. Barclays PLC restated a “hold” rating and set a $59.00 price target on shares of Republic Services in a report on Friday, April 28th. Credit Suisse Group set a $63.00 price target on shares of Republic Services and gave the company a “hold” rating in a report on Sunday, April 30th. Zacks Investment Research upgraded shares of Republic Services from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Tuesday, May 2nd. Finally, BMO Capital Markets started coverage on shares of Republic Services in a report on Thursday, June 29th. They set an “outperform” rating and a $71.00 price target on the stock.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cribstone Capital Management LLC bought a new position in Republic Services during the first quarter valued at $121,000. Whittier Trust Co. of Nevada Inc. raised its position in Republic Services by 59.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,903 shares of the business services provider’s stock valued at $185,000 after buying an additional 1,078 shares in the last quarter. Pinnacle Financial Partners Inc. bought a new position in Republic Services during the first quarter valued at $203,000. Fox Run Management L.L.C. bought a new position in Republic Services during the first quarter valued at $204,000. Finally, Pillar Pacific Capital Management LLC bought a new position in Republic Services during the first quarter valued at $205,000. Hedge funds and other institutional investors own 61.33% of the company’s stock.
Shares of Republic Services (NYSE RSG) traded up 0.19% on Friday, hitting $64.90. 825,886 shares of the stock were exchanged. The company has a market cap of $21.94 billion, a P/E ratio of 34.52 and a beta of 0.59. Republic Services has a one year low of $49.18 and a one year high of $65.34. The firm’s 50-day moving average is $64.24 and its 200-day moving average is $61.84.
Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, April 27th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.02. Republic Services had a net margin of 6.75% and a return on equity of 10.18%. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the business earned $0.48 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. On average, equities analysts forecast that Republic Services will post $2.39 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, July 3rd were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $1.28 annualized dividend and a yield of 1.97%. Republic Services’s dividend payout ratio is presently 68.45%.
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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