Republic Services (NYSE:RSG) Price Target Raised to $211.00

Republic Services (NYSE:RSG) had its target price raised by investment analysts at Royal Bank of Canada from $201.00 to $211.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “sector perform” rating on the business services provider’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 9.48% from the stock’s current price.

RSG has been the topic of a number of other reports. Robert W. Baird increased their price objective on Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a report on Thursday. The Goldman Sachs Group increased their price objective on Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft began coverage on Republic Services in a research note on Thursday, May 23rd. They issued a “hold” rating and a $203.00 target price on the stock. Oppenheimer lowered their target price on Republic Services from $211.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Scotiabank upped their target price on Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 1st. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $211.53.

Republic Services Stock Down 3.5 %

NYSE:RSG traded down $6.94 during mid-day trading on Thursday, hitting $192.73. 1,046,345 shares of the company’s stock traded hands, compared to its average volume of 1,198,969. The company has a fifty day moving average of $192.17 and a 200 day moving average of $185.65. Republic Services has a twelve month low of $140.23 and a twelve month high of $206.54. The company has a market capitalization of $60.70 billion, a P/E ratio of 33.96, a P/E/G ratio of 3.37 and a beta of 0.69. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.53 and a current ratio of 0.53.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.10. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the company posted $1.24 EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts forecast that Republic Services will post 6.05 EPS for the current year.

Insider Buying and Selling at Republic Services

In other news, Director Katharine Weymouth bought 540 shares of Republic Services stock in a transaction on Tuesday, June 4th. The stock was acquired at an average price of $185.26 per share, with a total value of $100,040.40. Following the completion of the acquisition, the director now directly owns 540 shares of the company’s stock, valued at $100,040.40. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CMO Amanda Hodges sold 6,500 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.02, for a total value of $1,209,130.00. Following the completion of the sale, the chief marketing officer now owns 6,831 shares of the company’s stock, valued at $1,270,702.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Katharine Weymouth purchased 540 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average cost of $185.26 per share, with a total value of $100,040.40. Following the acquisition, the director now owns 540 shares of the company’s stock, valued at approximately $100,040.40. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On Republic Services

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Unigestion Holding SA increased its stake in Republic Services by 2,178.2% during the fourth quarter. Unigestion Holding SA now owns 127,647 shares of the business services provider’s stock worth $21,048,000 after acquiring an additional 122,044 shares during the last quarter. Bank of Nova Scotia boosted its position in shares of Republic Services by 52.3% during the fourth quarter. Bank of Nova Scotia now owns 214,504 shares of the business services provider’s stock worth $35,357,000 after buying an additional 73,651 shares during the period. TCW Group Inc. purchased a new position in shares of Republic Services during the fourth quarter worth $17,903,000. Hsbc Holdings PLC boosted its position in shares of Republic Services by 8.7% during the fourth quarter. Hsbc Holdings PLC now owns 456,726 shares of the business services provider’s stock worth $75,297,000 after buying an additional 36,484 shares during the period. Finally, Allianz Asset Management GmbH boosted its position in shares of Republic Services by 10.4% during the fourth quarter. Allianz Asset Management GmbH now owns 591,209 shares of the business services provider’s stock worth $97,496,000 after buying an additional 55,668 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Company Profile

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.