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.
TRADEMARK VIOLATION WARNING: This story was first posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://www.truebluetribune.com/2017/09/17/republic-services-inc-rsg-earns-outperform-rating-from-royal-bank-of-canada.html.
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.
Receive News & Ratings for Republic Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.