JPMorgan Chase & Co. Raises Republic Services (NYSE:RSG) Price Target to $245.00

Republic Services (NYSE:RSG) had its target price raised by equities research analysts at JPMorgan Chase & Co. from $233.00 to $245.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 14.23% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. Oppenheimer reduced their price objective on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a research note on Friday, January 23rd. BMO Capital Markets cut their target price on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. Bank of America cut their target price on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a research report on Monday, December 22nd. Scotiabank cut their target price on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 21st. Finally, Barclays set a $227.00 target price on shares of Republic Services in a research report on Monday, February 23rd. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $247.00.

Republic Services Trading Down 1.2%

Republic Services stock opened at $214.48 on Friday. The company’s fifty day simple moving average is $221.95 and its 200-day simple moving average is $217.68. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08. Republic Services has a 12 month low of $201.42 and a 12 month high of $258.75. The stock has a market cap of $66.26 billion, a P/E ratio of 31.31, a P/E/G ratio of 3.56 and a beta of 0.53.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.62 by $0.14. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the previous year, the company posted $1.58 EPS. Republic Services’s revenue was up 2.2% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. As a group, sell-side analysts forecast that Republic Services will post 6.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Republic Services by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 19,107,360 shares of the business services provider’s stock valued at $4,384,757,000 after purchasing an additional 49,365 shares during the period. State Street Corp grew its stake in Republic Services by 1.7% during the fourth quarter. State Street Corp now owns 9,695,747 shares of the business services provider’s stock worth $2,054,820,000 after buying an additional 166,474 shares during the last quarter. Capital World Investors increased its holdings in shares of Republic Services by 27.7% during the fourth quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock worth $1,857,698,000 after buying an additional 1,899,183 shares in the last quarter. Morgan Stanley increased its holdings in shares of Republic Services by 38.6% during the fourth quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock worth $1,133,509,000 after buying an additional 1,490,719 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Republic Services by 18.9% during the fourth quarter. Wellington Management Group LLP now owns 5,070,130 shares of the business services provider’s stock worth $1,074,513,000 after buying an additional 807,525 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

About Republic Services

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.