Republic Services, Inc. (RSG) Given Average Rating of “Hold” by Analysts
Republic Services, Inc. (NYSE:RSG) has received an average recommendation of “Hold” from the eleven brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $69.20.
RSG has been the subject of several analyst reports. Bank of America reduced their price target on shares of Republic Services from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, October 5th. Credit Suisse Group reduced their price target on shares of Republic Services from $69.00 to $67.00 and set a “neutral” rating for the company in a research report on Monday, November 6th. Zacks Investment Research raised shares of Republic Services from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. BMO Capital Markets reissued a “buy” rating and set a $72.00 price target on shares of Republic Services in a research report on Friday, October 13th. Finally, Stifel Nicolaus downgraded shares of Republic Services from a “buy” rating to a “hold” rating and reduced their price target for the company from $76.00 to $70.00 in a research report on Wednesday, October 4th.
In other Republic Services news, CEO Donald W. Slager sold 98,132 shares of Republic Services stock in a transaction that occurred on Wednesday, November 29th. The shares were 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 approximately $20,703,906.79. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Brian A. Goebel sold 2,000 shares of Republic Services stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $67.57, for a total transaction of $135,140.00. Following the completion of the sale, the chief accounting officer now directly owns 6,696 shares of the company’s stock, valued at approximately $452,448.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,553 shares of company stock valued at $8,644,937. 0.40% of the stock is currently owned by insiders.
Republic Services (NYSE:RSG) traded up $0.12 during mid-day trading on Friday, hitting $68.38. 960,620 shares of the stock traded hands, compared to its average volume of 1,321,300. Republic Services has a 1 year low of $56.83 and a 1 year high of $69.12. The stock has a market capitalization of $22,780.00, a price-to-earnings ratio of 28.97, a price-to-earnings-growth ratio of 3.12 and a beta of 0.61. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 0.93.
Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.04. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.54 billion. Republic Services had a net margin of 8.15% and a return on equity of 10.58%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share. analysts forecast that Republic Services will post 2.4 earnings per share for the current year.
Republic Services announced that its board has approved a share repurchase program on Thursday, November 2nd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Friday, December 29th. Republic Services’s dividend payout ratio (DPR) is currently 58.47%.
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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