Analysts Set Republic Services, Inc. (NYSE:RSG) Target Price at $215.71

Shares of Republic Services, Inc. (NYSE:RSG) have received a consensus rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $215.71.

A number of analysts have recently commented on RSG shares. Stifel Nicolaus boosted their target price on shares of Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, July 25th. BMO Capital Markets boosted their target price on shares of Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. TD Cowen boosted their target price on shares of Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a report on Monday, August 5th. Raymond James dropped their price target on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, StockNews.com cut shares of Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st.

Republic Services Stock Up 0.5 %

Shares of Republic Services stock opened at $209.08 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The company’s fifty day simple moving average is $203.92 and its two-hundred day simple moving average is $198.26. The company has a market cap of $65.47 billion, a P/E ratio of 33.45, a PEG ratio of 3.18 and a beta of 0.70. Republic Services has a 12-month low of $157.91 and a 12-month high of $216.18.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.20. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.54 EPS. Research analysts anticipate that Republic Services will post 6.24 EPS for the current year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.11%. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

Institutional Trading of Republic Services

A number of institutional investors have recently bought and sold shares of RSG. FSA Wealth Management LLC bought a new stake in Republic Services in the third quarter worth $25,000. Wolff Wiese Magana LLC lifted its position in shares of Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of Republic Services during the first quarter worth $29,000. Webster Bank N. A. bought a new stake in shares of Republic Services during the third quarter worth $31,000. Finally, Truvestments Capital LLC bought a new stake in shares of Republic Services during the third quarter worth $34,000. 57.73% of the stock is currently owned by institutional investors.

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.