Republic Services (NYSE:RSG) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Republic Services (NYSE:RSG) had its price objective boosted by equities research analysts at BMO Capital Markets from $268.00 to $280.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ price objective indicates a potential upside of 12.60% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. CIBC raised Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 target price on the stock in a research report on Tuesday, March 4th. National Bank Financial raised Republic Services to a “hold” rating in a report on Monday, May 26th. Seaport Res Ptn upgraded Republic Services to a “strong-buy” rating in a research report on Tuesday, May 6th. Morgan Stanley upped their price target on Republic Services from $230.00 to $245.00 and gave the company an “equal weight” rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Republic Services from $229.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, May 23rd. Nine analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $251.11.

Republic Services Stock Down 1.7%

Shares of NYSE RSG traded down $4.30 during midday trading on Monday, reaching $248.67. The company’s stock had a trading volume of 383,171 shares, compared to its average volume of 1,256,022. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The stock has a 50 day simple moving average of $246.33 and a 200-day simple moving average of $229.01. The stock has a market capitalization of $77.71 billion, a price-to-earnings ratio of 38.29, a PEG ratio of 3.64 and a beta of 0.63. Republic Services has a fifty-two week low of $185.07 and a fifty-two week high of $258.75.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.53 by $0.05. 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 during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the firm earned $1.45 earnings per share. The business’s quarterly revenue was up 3.8% on a year-over-year basis. Equities research analysts predict that Republic Services will post 6.86 earnings per share for the current year.

Institutional Trading of Republic Services

Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Republic Services during the 4th quarter worth about $553,039,000. GAMMA Investing LLC lifted its holdings in shares of Republic Services by 39,024.4% during the first quarter. GAMMA Investing LLC now owns 2,226,177 shares of the business services provider’s stock worth $539,091,000 after purchasing an additional 2,220,487 shares during the period. C WorldWide Group Holding A S acquired a new stake in shares of Republic Services in the first quarter worth $230,013,000. Raymond James Financial Inc. acquired a new position in shares of Republic Services in the 4th quarter valued at about $184,827,000. Finally, Nuveen LLC purchased a new stake in Republic Services in the 1st quarter worth approximately $198,685,000. Institutional investors own 57.73% of the company’s stock.

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.