Republic Services, Inc. (NYSE:RSG) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday.

A number of other equities analysts also recently issued reports on RSG. Credit Suisse Group set a $63.00 price target on Republic Services and gave the stock a “hold” rating in a research report on Sunday, April 30th. Zacks Investment Research raised Republic Services from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Thursday, May 25th. BMO Capital Markets upped their price target on Republic Services from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Stifel Nicolaus reaffirmed a “buy” rating and set a $73.00 price target on shares of Republic Services in a research report on Wednesday, July 19th. Finally, Barclays PLC reaffirmed a “neutral” rating on shares of Republic Services in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $69.78.

Shares of Republic Services (RSG) opened at 64.65 on Thursday. The stock has a market cap of $21.77 billion, a PE ratio of 33.19 and a beta of 0.58. The firm has a 50-day moving average price of $64.42 and a 200 day moving average price of $62.82. Republic Services has a 12-month low of $49.18 and a 12-month high of $65.54.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. The business 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 business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 earnings per share. Equities research analysts expect that Republic Services will post $2.39 earnings per share for the current year.

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Institutional investors have recently added to or reduced their stakes in the stock. Evercore Wealth Management LLC increased its position in Republic Services by 48.6% in the second quarter. Evercore Wealth Management LLC now owns 1,593 shares of the business services provider’s stock valued at $102,000 after buying an additional 521 shares during the last quarter. Sun Life Financial INC increased its position in Republic Services by 20,900.0% in the second quarter. Sun Life Financial INC now owns 1,680 shares of the business services provider’s stock valued at $107,000 after buying an additional 1,672 shares during the last quarter. Parallel Advisors LLC purchased a new position in Republic Services during the fourth quarter valued at about $120,000. Cribstone Capital Management LLC purchased a new position in Republic Services during the first quarter valued at about $121,000. Finally, TLP Group LLC purchased a new position in Republic Services during the third quarter valued at about $125,000. 61.33% of the stock is currently 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.

Analyst Recommendations for Republic Services (NYSE:RSG)

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