Republic Services, Inc. (NYSE:RSG) Receives Average Rating of “Moderate Buy” from Brokerages

Republic Services, Inc. (NYSE:RSG) has received an average rating of “Moderate Buy” from the twenty-one ratings firms that are presently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $250.44.

RSG has been the topic of a number of research analyst reports. Stifel Nicolaus raised their price target on Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Morgan Stanley raised their price target on Republic Services from $230.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Friday, April 25th. The Goldman Sachs Group raised their price target on Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised their price target on Republic Services from $229.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, May 23rd. Finally, Truist Financial raised their price target on Republic Services from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, April 22nd.

Republic Services Stock Down 0.5%

RSG opened at $256.77 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The firm has a market cap of $80.24 billion, a P/E ratio of 39.56, a PEG ratio of 3.64 and a beta of 0.66. Republic Services has a 52 week low of $184.50 and a 52 week high of $258.75. The business’s fifty day simple moving average is $245.61 and its 200 day simple moving average is $228.02.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.45 earnings per share. As a group, equities research analysts anticipate that Republic Services will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.58 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.90%. Republic Services’s payout ratio is currently 34.99%.

Institutional Investors Weigh In On Republic Services

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Modern Wealth Management LLC purchased a new stake in Republic Services during the 1st quarter worth approximately $218,000. Strs Ohio purchased a new stake in Republic Services during the 1st quarter worth approximately $14,628,000. Advisors Capital Management LLC purchased a new stake in Republic Services during the 1st quarter worth approximately $204,000. Jupiter Wealth Management LLC increased its holdings in Republic Services by 10.6% during the 1st quarter. Jupiter Wealth Management LLC now owns 4,175 shares of the business services provider’s stock worth $1,045,000 after purchasing an additional 400 shares during the last quarter. Finally, Focus Partners Wealth grew its position in shares of Republic Services by 1.9% in the 1st quarter. Focus Partners Wealth now owns 164,907 shares of the business services provider’s stock worth $39,934,000 after acquiring an additional 3,124 shares in the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

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.