Wells Fargo & Company Raises Republic Services (NYSE:RSG) Price Target to $252.00

Republic Services (NYSE:RSG) had its price target hoisted by stock analysts at Wells Fargo & Company from $238.00 to $252.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 13.01% from the stock’s current price.

Other analysts have also recently issued reports about the company. Sanford C. Bernstein raised their price target on Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a research note on Monday, January 5th. Scotiabank dropped their price objective on Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 21st. UBS Group raised their target price on Republic Services from $225.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Oppenheimer lowered their price target on Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a report on Friday, January 23rd. Finally, BMO Capital Markets dropped their price target on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th. Thirteen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $246.40.

Republic Services Stock Up 0.4%

Shares of Republic Services stock opened at $222.98 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08. Republic Services has a 52-week low of $201.42 and a 52-week high of $258.75. The company has a market capitalization of $68.86 billion, a P/E ratio of 32.55, a P/E/G ratio of 3.68 and a beta of 0.54. The company has a 50 day moving average of $220.36 and a 200 day moving average of $218.94.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.14. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.21 billion. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the business earned $1.58 EPS. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. As a group, research analysts forecast that Republic Services will post 6.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Republic Services by 0.3% during the third quarter. Vanguard Group Inc. now owns 19,107,360 shares of the business services provider’s stock worth $4,384,757,000 after acquiring an additional 49,365 shares during the last quarter. State Street Corp raised its position in Republic Services by 1.7% in the 4th quarter. State Street Corp now owns 9,695,747 shares of the business services provider’s stock valued at $2,054,820,000 after purchasing an additional 166,474 shares during the last quarter. Capital World Investors boosted its stake in Republic Services by 27.7% during the 4th quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock worth $1,857,698,000 after purchasing an additional 1,899,183 shares during the period. Morgan Stanley grew its position in Republic Services by 38.6% during the 4th quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock worth $1,133,509,000 after purchasing an additional 1,490,719 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Republic Services by 18.9% in the fourth quarter. Wellington Management Group LLP now owns 5,070,130 shares of the business services provider’s stock valued at $1,074,513,000 after purchasing an additional 807,525 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

About Republic Services

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.