BMO Capital Markets Reaffirms Buy Rating for Republic Services, Inc. (RSG)
Republic Services, Inc. (NYSE:RSG)‘s stock had its “buy” rating reaffirmed by equities researchers at BMO Capital Markets in a report issued on Friday. They currently have a $72.00 price objective on the business services provider’s stock. BMO Capital Markets’ price objective suggests a potential upside of 13.08% from the stock’s current price.
A number of other equities research analysts have also recently weighed in on RSG. Zacks Investment Research cut Republic Services from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Stifel Nicolaus restated a “buy” rating and issued a $73.00 price target on shares of Republic Services in a research note on Wednesday, July 19th. Barclays PLC restated a “neutral” rating on shares of Republic Services in a research note on Friday, July 28th. Credit Suisse Group set a $69.00 price target on Republic Services and gave the company a “hold” rating in a research note on Saturday, July 29th. Finally, BidaskClub cut Republic Services from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $71.33.
Republic Services (RSG) opened at 63.67 on Friday. The company’s 50-day moving average is $65.36 and its 200-day moving average is $64.10. Republic Services has a 12 month low of $49.44 and a 12 month high of $67.18. The company has a market cap of $21.44 billion, a price-to-earnings ratio of 32.68 and a beta of 0.60.
Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. Republic Services had a return on equity of 10.42% and a net margin of 6.86%. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the prior year, the business earned $0.55 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities research analysts anticipate that Republic Services will post $2.39 earnings per share for the current year.
In other Republic Services news, EVP Catharine D. Ellingsen sold 14,250 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $66.02, for a total transaction of $940,785.00. Following the transaction, the executive vice president now owns 8,007 shares in the company, valued at approximately $528,622.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Donald W. Slager sold 22,608 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $66.05, for a total value of $1,493,258.40. Following the transaction, the insider now owns 246,617 shares in the company, valued at approximately $16,289,052.85. The disclosure for this sale can be found here. Insiders have sold a total of 43,187 shares of company stock worth $2,854,922 in the last quarter. Company insiders own 0.40% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Churchill Management increased its position in Republic Services by 7.4% during the 4th quarter. Churchill Management now owns 337,874 shares of the business services provider’s stock worth $14,863,000 after buying an additional 23,285 shares during the period. BP PLC bought a new position in Republic Services during the 4th quarter worth $1,980,000. KBC Group NV increased its position in Republic Services by 29.7% during the 3rd quarter. KBC Group NV now owns 147,373 shares of the business services provider’s stock worth $7,435,000 after buying an additional 33,706 shares during the period. Advantus Capital Management Inc increased its position in Republic Services by 2.6% during the 4th quarter. Advantus Capital Management Inc now owns 23,073 shares of the business services provider’s stock worth $1,015,000 after buying an additional 582 shares during the period. Finally, Hilton Capital Management LLC increased its position in Republic Services by 4.1% during the 2nd quarter. Hilton Capital Management LLC now owns 224,133 shares of the business services provider’s stock worth $11,500,000 after buying an additional 8,746 shares during the period. Hedge funds and other institutional investors own 60.56% 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.
Receive News & Ratings for Republic Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.