Republic Services (NYSE:RSG) Price Target Raised to $220.00 at Oppenheimer

Republic Services (NYSE:RSG) had its price target increased by equities researchers at Oppenheimer from $219.00 to $220.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s target price would suggest a potential upside of 9.34% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Truist Financial boosted their target price on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday. Raymond James lowered their target price on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Royal Bank of Canada lifted their price target on shares of Republic Services from $211.00 to $219.00 and gave the stock a “sector perform” rating in a research report on Wednesday. StockNews.com downgraded Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, TD Cowen boosted their target price on Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Monday, August 5th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $214.12.

Republic Services Trading Down 1.5 %

Shares of NYSE RSG traded down $3.11 during mid-day trading on Wednesday, hitting $201.20. The company’s stock had a trading volume of 386,343 shares, compared to its average volume of 1,123,431. Republic Services has a one year low of $146.82 and a one year high of $208.69. The company’s fifty day simple moving average is $203.91 and its 200-day simple moving average is $196.64. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market cap of $63.19 billion, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 3.21 and a beta of 0.69.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.19. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the previous year, the business earned $1.54 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Republic Services will post 6.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Tomago Collins sold 3,200 shares of Republic Services stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the transaction, the director now owns 17,486 shares of the company’s stock, valued at $3,549,832.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is owned by corporate insiders.

Institutional Trading of Republic Services

Hedge funds have recently made changes to their positions in the business. TD Asset Management Inc boosted its position in Republic Services by 424.7% during the first quarter. TD Asset Management Inc now owns 1,722,107 shares of the business services provider’s stock worth $329,680,000 after purchasing an additional 1,393,918 shares during the period. Capital World Investors grew its stake in Republic Services by 20.5% in the 1st quarter. Capital World Investors now owns 7,909,008 shares of the business services provider’s stock valued at $1,514,100,000 after buying an additional 1,346,588 shares during the last quarter. M&G Plc acquired a new stake in Republic Services during the first quarter worth approximately $130,892,000. International Assets Investment Management LLC boosted its holdings in shares of Republic Services by 83,671.9% during the third quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider’s stock worth $108,183,000 after acquiring an additional 538,010 shares during the period. Finally, Earnest Partners LLC grew its position in shares of Republic Services by 16.9% in the first quarter. Earnest Partners LLC now owns 1,262,519 shares of the business services provider’s stock valued at $241,697,000 after purchasing an additional 182,645 shares during the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

About Republic Services

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.