JPMorgan Chase & Co. Issues Pessimistic Forecast for Republic Services (NYSE:RSG) Stock Price

Republic Services (NYSE:RSG) had its price objective lowered by research analysts at JPMorgan Chase & Co. from $260.00 to $233.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 11.76% from the company’s current price.

Several other equities analysts have also commented on RSG. Raymond James Financial reaffirmed an “outperform” rating and issued a $240.00 price objective on shares of Republic Services in a research report on Friday. Barclays initiated coverage on shares of Republic Services in a research report on Friday, September 19th. They issued an “equal weight” rating and a $240.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Services in a research report on Wednesday, October 8th. National Bankshares cut their price target on shares of Republic Services from $270.00 to $241.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 7th. Finally, Oppenheimer set a $256.00 price target on shares of Republic Services in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.65.

Republic Services Stock Performance

Shares of Republic Services stock opened at $208.49 on Friday. The firm has a market capitalization of $65.09 billion, a P/E ratio of 30.84, a PEG ratio of 3.40 and a beta of 0.59. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.04. The company has a 50 day moving average price of $225.66 and a 200 day moving average price of $237.67. Republic Services has a 52 week low of $197.60 and a 52 week high of $258.75.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, October 30th. The business services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.78 by $0.12. The firm had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.25 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. Republic Services’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm posted $1.81 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Sell-side analysts expect that Republic Services will post 6.86 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of $234.91 per share, with a total value of $1,000,246.78. Following the purchase, the insider directly owned 109,816,832 shares of the company’s stock, valued at $25,797,072,005.12. This trade represents a 0.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Gregg Brummer sold 7,338 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $233.94, for a total transaction of $1,716,651.72. Following the sale, the executive vice president directly owned 4,060 shares in the company, valued at $949,796.40. The trade was a 64.38% decrease in their position. The SEC filing for this sale provides additional information. 0.11% of the stock is owned by company insiders.

Institutional Investors Weigh In On Republic Services

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC grew its stake in Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after acquiring an additional 8,547 shares during the period. Golden State Wealth Management LLC grew its stake in Republic Services by 3,533.3% in the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 106 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Republic Services in the 1st quarter valued at $216,000. Mather Group LLC. grew its stake in Republic Services by 24.7% in the 1st quarter. Mather Group LLC. now owns 1,259 shares of the business services provider’s stock valued at $305,000 after acquiring an additional 249 shares during the period. Finally, Revisor Wealth Management LLC acquired a new stake in Republic Services in the 1st quarter valued at $293,000. 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.