Republic Services (NYSE:RSG) Stock Gets Price Target Reduction from Deutsche Bank Aktiengesellschaft

Republic Services (NYSE:RSG) had its price target reduced by equities research analysts at Deutsche Bank Aktiengesellschaft from $270.00 to $258.00 in a report issued on Friday. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 19.02% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on RSG. Barclays boosted their target price on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Citigroup lifted their price target on Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Morgan Stanley set a $232.00 price objective on Republic Services and gave the company an “equal weight” rating in a research note on Friday, August 7th. Wolfe Research started coverage on Republic Services in a research note on Tuesday, September 15th. They issued a “peer perform” rating for the company. Finally, Raymond James Financial set a $235.00 target price on Republic Services in a report on Friday. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $244.32.

Republic Services Stock Down 0.0%

Republic Services stock opened at $216.76 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $66.38 billion, a P/E ratio of 30.70, a P/E/G ratio of 3.59 and a beta of 0.39. The firm has a 50 day moving average price of $217.01 and a 200-day moving average price of $213.75. Republic Services has a twelve month low of $196.41 and a twelve month high of $233.42.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%. The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the business earned $1.77 earnings per share. Republic Services’s revenue for the quarter was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, equities analysts predict that Republic Services will post 7.27 EPS for the current year.

Insider Buying and Selling at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. bought 409,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was bought at an average price of $221.49 per share, for a total transaction of $90,700,155.00. Following the transaction, the insider directly owned 116,166,330 shares of the company’s stock, valued at $25,729,680,431.70. This represents a 0.35% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders bought 6,254,462 shares of company stock worth $1,380,321,958. Company insiders own 0.12% of the company’s stock.

Institutional Trading of Republic Services

Several hedge funds have recently added to or reduced their stakes in the business. Korea Investment CORP purchased a new stake in Republic Services in the second quarter worth $20,602,000. Equitable Holdings Inc. purchased a new stake in Republic Services in the second quarter worth about $1,381,000. Bridgewater Advisors Inc. bought a new position in Republic Services during the 2nd quarter valued at approximately $535,000. Public Employees Retirement System of Ohio purchased a new position in shares of Republic Services in the 2nd quarter worth about $16,335,000. Finally, Rakuten Investment Management Inc. purchased a new position in Republic Services in the second quarter worth about $7,032,000. 57.73% of the stock is owned by institutional investors.

Republic Services Company Profile

Republic Services, Inc (NYSE:RSG) is an environmental services company that provides non-hazardous solid waste collection, transfer, disposal and recycling services. Its customers include households, businesses, industrial facilities and municipalities.

The company’s operations include residential and commercial waste collection, roll-off and temporary container services, landfill management, transfer stations, recycling processing and related environmental solutions. Republic also provides services involving hazardous waste, organics, energy recovery and other specialized waste streams through selected operations.

Republic Services serves communities and customers across the United States, with operations spanning a broad network of collection, transfer, recycling and disposal facilities.