Citigroup Issues Pessimistic Forecast for Republic Services (NYSE:RSG) Stock Price

Republic Services (NYSE:RSG) had its price target decreased by stock analysts at Citigroup from $268.00 to $244.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Citigroup’s price objective would suggest a potential upside of 15.65% from the company’s previous close.

A number of other equities analysts have also recently issued reports on RSG. Robert W. Baird set a $240.00 price target on shares of Republic Services in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Republic Services in a report on Monday, December 29th. Barclays initiated coverage on shares of Republic Services in a report on Friday, September 19th. They set an “equal weight” rating and a $240.00 price target on the stock. UBS Group set a $220.00 target price on Republic Services in a research note on Monday, January 5th. Finally, The Goldman Sachs Group assumed coverage on Republic Services in a report on Monday, November 24th. They set a “buy” rating and a $255.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $249.23.

Republic Services Price Performance

Shares of RSG stock opened at $210.99 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The stock has a market cap of $65.31 billion, a price-to-earnings ratio of 31.40, a PEG ratio of 3.45 and a beta of 0.55. The business’s fifty day moving average is $212.61 and its 200 day moving average is $223.64. Republic Services has a twelve month low of $201.42 and a twelve month high of $258.75.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.12. The business had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Republic Services had a net margin of 12.77% and a return on equity of 18.24%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.81 earnings per share. Research analysts expect that Republic Services will post 6.86 EPS for the current fiscal year.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Katharine Weymouth acquired 478 shares of the stock in a transaction dated Tuesday, December 9th. The shares were purchased at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the purchase, the director directly owned 5,740 shares of the company’s stock, valued at approximately $1,202,300.40. This trade represents a 9.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Financial Consulate Inc. bought a new stake in shares of Republic Services during the 3rd quarter valued at $25,000. Wealth Watch Advisors INC bought a new stake in Republic Services during the third quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC increased its position in Republic Services by 121.8% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock worth $28,000 after buying an additional 67 shares in the last quarter. Cranbrook Wealth Management LLC raised its stake in shares of Republic Services by 1,222.2% in the second quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock worth $29,000 after buying an additional 110 shares during the period. Finally, Ameriflex Group Inc. purchased a new position in shares of Republic Services during the 3rd quarter valued at about $29,000. 57.73% of the stock is currently owned by institutional investors.

Republic Services Company Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.