Republic Services, Inc. (RSG) Given Outperform Rating at Royal Bank Of Canada
Republic Services, Inc. (NYSE:RSG)‘s stock had its “outperform” rating reiterated by equities researchers at Royal Bank Of Canada in a note issued to investors on Thursday.
RSG has been the subject of several other research reports. Zacks Investment Research cut shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. BMO Capital Markets began coverage on shares of Republic Services in a research note on Thursday, June 29th. They issued an “outperform” rating and a $71.00 target price for the company. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Republic Services in a research note on Friday, August 25th. Credit Suisse Group set a $69.00 target price on shares of Republic Services and gave the company a “hold” rating in a research note on Saturday, July 29th. Finally, KeyCorp reiterated a “hold” rating on shares of Republic Services in a research note on Thursday, August 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $71.88.
Republic Services (NYSE RSG) traded up 0.22% on Thursday, hitting $64.61. The company had a trading volume of 785,007 shares. Republic Services has a 12-month low of $49.18 and a 12-month high of $65.54. The firm’s 50 day moving average price is $64.58 and its 200 day moving average price is $63.51. The stock has a market cap of $21.76 billion, a P/E ratio of 33.17 and a beta of 0.60.
Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.02. Republic Services had a net margin of 6.86% and a return on equity of 10.42%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the prior year, the company earned $0.55 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts predict that Republic Services will post $2.39 earnings per share for the current fiscal year.
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Institutional investors and hedge funds have recently made changes to their positions in the business. Evercore Wealth Management LLC lifted its stake in Republic Services by 48.6% during the second quarter. Evercore Wealth Management LLC now owns 1,593 shares of the business services provider’s stock worth $102,000 after purchasing an additional 521 shares during the period. Sun Life Financial INC lifted its stake in Republic Services by 20,900.0% during the second quarter. Sun Life Financial INC now owns 1,680 shares of the business services provider’s stock worth $107,000 after purchasing an additional 1,672 shares during the period. Almanack Investment Partners LLC. bought a new position in Republic Services during the second quarter worth about $141,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Republic Services by 59.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,903 shares of the business services provider’s stock worth $185,000 after purchasing an additional 1,078 shares during the period. Finally, Acrospire Investment Management LLC bought a new position in Republic Services during the second quarter worth about $191,000. Hedge funds and other institutional investors own 60.59% of the company’s stock.
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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