Brokerages Set Republic Services, Inc. (RSG) Target Price at $76.10

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Shares of Republic Services, Inc. (NYSE:RSG) have earned an average rating of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $76.10.

A number of research firms have recently weighed in on RSG. Zacks Investment Research cut shares of Republic Services from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th. KeyCorp initiated coverage on shares of Republic Services in a research report on Monday, February 4th. They issued a “sector weight” rating and a $77.73 price objective on the stock. Goldman Sachs Group upgraded shares of Republic Services to a “hold” rating and set a $79.00 price objective on the stock in a research report on Tuesday, December 4th. Finally, UBS Group lowered shares of Republic Services from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $83.00 to $77.00 in a research report on Thursday, January 10th.

RSG traded down $0.42 during trading on Wednesday, hitting $78.40. The stock had a trading volume of 291,879 shares, compared to its average volume of 1,209,280. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $25.40 billion, a P/E ratio of 25.37, a P/E/G ratio of 2.75 and a beta of 0.58. Republic Services has a twelve month low of $64.13 and a twelve month high of $79.35.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.02. Republic Services had a net margin of 10.33% and a return on equity of 12.84%. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the previous year, the company posted $0.61 EPS. Republic Services’s revenue was down 1.2% compared to the same quarter last year. Sell-side analysts predict that Republic Services will post 3.25 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 1st will be issued a $0.375 dividend. The ex-dividend date is Friday, March 29th. This represents a $1.50 dividend on an annualized basis and a yield of 1.91%. Republic Services’s dividend payout ratio (DPR) is 48.54%.

In other news, CAO Brian A. Goebel sold 3,000 shares of the stock in a transaction dated Thursday, January 10th. The shares were sold at an average price of $72.97, for a total transaction of $218,910.00. Following the transaction, the chief accounting officer now directly owns 9,186 shares in the company, valued at approximately $670,302.42. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Brian A. Goebel sold 2,000 shares of the stock in a transaction dated Thursday, January 17th. The stock was sold at an average price of $74.25, for a total transaction of $148,500.00. Following the transaction, the chief accounting officer now owns 8,186 shares in the company, valued at $607,810.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,000 shares of company stock worth $581,220. Insiders own 0.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in RSG. Matthew Goff Investment Advisor LLC lifted its holdings in shares of Republic Services by 2,317.5% during the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 12,266,686 shares of the business services provider’s stock worth $507,412,000 after acquiring an additional 11,759,274 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Republic Services by 13,200.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,319,168 shares of the business services provider’s stock worth $46,000 after acquiring an additional 3,294,212 shares during the period. Norges Bank acquired a new stake in Republic Services during the 4th quarter worth approximately $216,948,000. BlackRock Inc. increased its position in Republic Services by 8.4% during the 4th quarter. BlackRock Inc. now owns 20,563,044 shares of the business services provider’s stock worth $1,482,389,000 after purchasing an additional 1,600,885 shares in the last quarter. Finally, Pactiv General Employee Benefit Trust acquired a new stake in Republic Services during the 4th quarter worth approximately $60,271,000. Institutional investors and hedge funds own 59.46% of the company’s stock.

About Republic Services

Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.

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Analyst Recommendations for Republic Services (NYSE:RSG)

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