Robert W. Baird Has Lowered Expectations for Republic Services (NYSE:RSG) Stock Price

Republic Services (NYSE:RSG) had its price target cut by equities research analysts at Robert W. Baird from $242.00 to $240.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s price target indicates a potential upside of 15.55% from the stock’s previous close.

RSG has been the topic of several other research reports. Wolfe Research began coverage on shares of Republic Services in a research report on Friday, March 13th. They set a “peer perform” rating on the stock. Barclays set a $227.00 price target on shares of Republic Services in a research report on Monday, February 23rd. Wells Fargo & Company increased their price target on shares of Republic Services from $238.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. Morgan Stanley reduced their price target on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Finally, BMO Capital Markets reduced 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 report on Wednesday, February 18th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $247.00.

Republic Services Trading Down 0.9%

NYSE RSG opened at $207.70 on Thursday. The firm’s 50-day moving average is $221.28 and its two-hundred day moving average is $217.14. Republic Services has a 12 month low of $201.42 and a 12 month high of $258.75. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $64.17 billion, a P/E ratio of 30.32, a PEG ratio of 3.48 and a beta of 0.53.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, February 17th. The business services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.14. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. Republic Services’s revenue for the quarter was up 2.2% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, sell-side analysts anticipate that Republic Services will post 6.86 earnings per share for the current year.

Institutional Trading of Republic Services

A number of large investors have recently made changes to their positions in RSG. Norges Bank purchased a new stake in shares of Republic Services during the fourth quarter worth approximately $617,165,000. Capital World Investors increased its stake in shares of Republic Services by 27.7% during the fourth quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock worth $1,857,698,000 after buying an additional 1,899,183 shares during the period. Morgan Stanley increased its stake in shares of Republic Services by 38.6% during the fourth quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock worth $1,133,509,000 after buying an additional 1,490,719 shares during the period. Wellington Management Group LLP increased its stake in shares of Republic Services by 18.9% during the fourth quarter. Wellington Management Group LLP now owns 5,070,130 shares of the business services provider’s stock worth $1,074,513,000 after buying an additional 807,525 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of Republic Services by 7,683.2% during the third quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock worth $169,768,000 after buying an additional 730,287 shares during the period. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

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.