Robert W. Baird Raises Republic Services (NYSE:RSG) Price Target to $245.00

Republic Services (NYSE:RSG) had its price objective boosted by analysts at Robert W. Baird from $232.00 to $245.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s price target suggests a potential upside of 0.43% from the stock’s previous close.

Several other brokerages have also issued reports on RSG. Jefferies Financial Group lifted their price objective on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. The Goldman Sachs Group boosted their price target on Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Argus set a $260.00 price objective on Republic Services in a research report on Tuesday, February 18th. William Blair reiterated an “outperform” rating on shares of Republic Services in a report on Friday, February 14th. Finally, Royal Bank of Canada upgraded shares of Republic Services from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $219.00 to $237.00 in a report on Monday, January 6th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and an average price target of $245.38.

Republic Services Stock Up 1.3 %

Shares of NYSE:RSG opened at $243.96 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average is $236.86 and its 200 day moving average is $219.56. The stock has a market cap of $76.23 billion, a P/E ratio of 37.59, a price-to-earnings-growth ratio of 3.64 and a beta of 0.62. Republic Services has a 52-week low of $180.92 and a 52-week high of $249.73.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.55 by $0.03. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. Sell-side analysts predict that Republic Services will post 6.86 EPS for the current year.

Insider Buying and Selling

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the sale, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is currently owned by corporate insiders.

Institutional Trading of Republic Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mather Group LLC. boosted its position in Republic Services by 24.7% in the 1st quarter. Mather Group LLC. now owns 1,259 shares of the business services provider’s stock worth $305,000 after purchasing an additional 249 shares in the last quarter. Alta Advisers Ltd purchased a new stake in Republic Services during the first quarter worth $213,000. Smallwood Wealth Investment Management LLC acquired a new stake in Republic Services during the first quarter valued at $121,000. J.Safra Asset Management Corp increased its holdings in Republic Services by 21.4% in the first quarter. J.Safra Asset Management Corp now owns 1,497 shares of the business services provider’s stock valued at $363,000 after buying an additional 264 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Republic Services in the first quarter worth about $216,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Company Profile

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.