Republic Services, Inc. (RSG) Given Consensus Recommendation of “Hold” by Analysts
Shares of Republic Services, Inc. (NYSE:RSG) have been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $71.00.
RSG has been the topic of several analyst reports. Zacks Investment Research upgraded Republic Services from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Tuesday, May 2nd. Barclays PLC reiterated a “hold” rating and issued a $59.00 price objective on shares of Republic Services in a report on Friday, April 28th. BMO Capital Markets initiated coverage on Republic Services in a report on Thursday, June 29th. They issued an “outperform” rating and a $71.00 price objective on the stock. Credit Suisse Group AG set a $69.00 price objective on Republic Services and gave the stock a “hold” rating in a report on Saturday, July 29th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $73.00 price objective on shares of Republic Services in a report on Wednesday, July 19th.
Several hedge funds have recently bought and sold shares of the company. Dynamic Capital Management Ltd acquired a new stake in Republic Services during the first quarter valued at about $1,947,000. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Republic Services by 1.4% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 47,622 shares of the business services provider’s stock valued at $2,991,000 after buying an additional 680 shares during the last quarter. Bbva Compass Bancshares Inc. boosted its stake in Republic Services by 4.3% in the first quarter. Bbva Compass Bancshares Inc. now owns 30,440 shares of the business services provider’s stock valued at $1,912,000 after buying an additional 1,261 shares during the last quarter. Elkhorn Investments LLC acquired a new stake in Republic Services during the first quarter valued at about $1,635,000. Finally, Swiss National Bank boosted its stake in Republic Services by 12.3% in the first quarter. Swiss National Bank now owns 1,841,048 shares of the business services provider’s stock valued at $115,636,000 after buying an additional 202,300 shares during the last quarter. 61.33% of the stock is currently owned by institutional investors.
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Republic Services (NYSE RSG) traded down 0.06% during midday trading on Tuesday, hitting $64.56. The company’s stock had a trading volume of 495,129 shares. The stock has a 50 day moving average of $64.40 and a 200 day moving average of $62.81. Republic Services has a 52-week low of $49.18 and a 52-week high of $65.54. The company has a market cap of $21.74 billion, a PE ratio of 33.14 and a beta of 0.58.
Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.47 billion. Republic Services had a return on equity of 10.42% and a net margin of 6.86%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share. On average, equities analysts expect that Republic Services will post $2.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be paid a $0.345 dividend. The ex-dividend date is Friday, September 29th. This is a boost from Republic Services’s previous quarterly dividend of $0.32. This represents a $1.38 annualized dividend and a dividend yield of 2.14%. Republic Services’s dividend payout ratio (DPR) is presently 65.64%.
About Republic Services
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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