Republic Services (RSG) Stock Rating Upgraded by Stifel Nicolaus

Republic Services (NYSE:RSG) was upgraded by investment analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a report issued on Thursday, The Fly reports.

RSG has been the topic of several other research reports. Zacks Investment Research lowered Republic Services from a “hold” rating to a “sell” rating in a research note on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Republic Services in a research note on Thursday, September 7th. BMO Capital Markets reaffirmed a “buy” rating and set a $72.00 price target on shares of Republic Services in a research note on Friday, October 13th. Credit Suisse Group cut their price target on Republic Services from $69.00 to $67.00 and set a “neutral” rating on the stock in a research note on Monday, November 6th. Finally, Bank of America cut their target price on Republic Services from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $67.71.

Republic Services (NYSE:RSG) opened at $66.90 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.54 and a quick ratio of 0.51. The company has a market capitalization of $22,252.67, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 3.05 and a beta of 0.60. Republic Services has a one year low of $56.17 and a one year high of $68.00.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.54 billion. Republic Services had a return on equity of 10.58% and a net margin of 8.15%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 earnings per share. sell-side analysts expect that Republic Services will post 2.4 EPS for the current year.

Republic Services announced that its Board of Directors has initiated a stock repurchase program on Thursday, November 2nd that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

In other Republic Services news, insider Donald W. Slager sold 32,421 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $64.00, for a total value of $2,074,944.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Donald W. Slager sold 98,132 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $64.19, for a total value of $6,299,093.08. Following the completion of the sale, the chief executive officer now owns 322,541 shares of the company’s stock, valued at $20,703,906.79. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of RSG. BlackRock Inc. grew its stake in Republic Services by 6.4% in the second quarter. BlackRock Inc. now owns 20,282,248 shares of the business services provider’s stock valued at $1,292,589,000 after purchasing an additional 1,223,613 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Republic Services by 2.2% in the second quarter. Vanguard Group Inc. now owns 19,214,975 shares of the business services provider’s stock valued at $1,224,571,000 after buying an additional 418,797 shares during the last quarter. State Street Corp lifted its position in shares of Republic Services by 4.5% in the first quarter. State Street Corp now owns 11,649,668 shares of the business services provider’s stock valued at $731,866,000 after buying an additional 501,491 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Republic Services by 4.2% in the first quarter. American Century Companies Inc. now owns 8,915,076 shares of the business services provider’s stock valued at $559,956,000 after buying an additional 356,424 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. lifted its position in shares of Republic Services by 5.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 7,310,027 shares of the business services provider’s stock valued at $348,323,000 after buying an additional 408,045 shares during the last quarter. Institutional investors and hedge funds own 59.90% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/04/republic-services-rsg-stock-rating-upgraded-by-stifel-nicolaus.html.

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.

The Fly

Analyst Recommendations for Republic Services (NYSE:RSG)

Leave a Reply