Republic Services, Inc. (NYSE:RSG) Rating Reiterated by Royal Bank Of Canada

Republic Services, Inc. (NYSE:RSG)‘s stock had its “outperform” rating reaffirmed by Royal Bank Of Canada in a research report issued on Thursday, September 7th.

Several other equities analysts have also issued reports on RSG. Zacks Investment Research upgraded shares of Republic Services from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a report on Thursday, May 25th. BidaskClub lowered shares of Republic Services from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Republic Services in a report on Friday, August 25th. BMO Capital Markets boosted their price objective on shares of Republic Services from $71.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $73.00 price objective on shares of Republic Services in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $71.88.

Shares of Republic Services (RSG) traded up 0.07% during mid-day trading on Thursday, reaching $66.89. The company’s stock had a trading volume of 1,071,626 shares. Republic Services has a 52-week low of $49.18 and a 52-week high of $66.93. The firm has a 50 day moving average price of $64.84 and a 200 day moving average price of $63.72. The firm has a market cap of $22.53 billion, a price-to-earnings ratio of 34.34 and a beta of 0.60.

Republic Services (NYSE:RSG) last released its earnings results on Thursday, July 27th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.02. Republic Services had a net margin of 6.86% and a return on equity of 10.42%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same period last year, the business earned $0.55 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts predict that Republic Services will post $2.39 EPS for the current fiscal year.

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In other news, EVP Jeffrey A. Hughes sold 6,329 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $66.50, for a total transaction of $420,878.50. Following the completion of the sale, the executive vice president now owns 428 shares of the company’s stock, valued at approximately $28,462. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.40% of the company’s stock.

A number of institutional investors have recently modified their holdings of RSG. BlackRock Inc. boosted its holdings in Republic Services by 2,800.0% in the 1st quarter. BlackRock Inc. now owns 19,058,635 shares of the business services provider’s stock worth $1,197,070,000 after buying an additional 18,401,448 shares during the period. Janus Henderson Group PLC boosted its holdings in Republic Services by 13,584.4% in the 2nd quarter. Janus Henderson Group PLC now owns 3,744,875 shares of the business services provider’s stock worth $238,663,000 after buying an additional 3,717,509 shares during the period. Vanguard Group Inc. boosted its holdings in Republic Services by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 18,796,178 shares of the business services provider’s stock worth $1,180,588,000 after buying an additional 1,086,931 shares during the period. Renaissance Technologies LLC boosted its holdings in Republic Services by 89.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,653,800 shares of the business services provider’s stock worth $105,397,000 after buying an additional 778,800 shares during the period. Finally, Wellington Management Group LLP bought a new position in Republic Services in the 1st quarter worth $39,751,000. 60.59% of the stock is owned by institutional investors.

About Republic Services

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.

Analyst Recommendations for Republic Services (NYSE:RSG)

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