Republic Services (NYSE:RSG) Price Target Lowered to $240.00 at Robert W. Baird

Republic Services (NYSE:RSG) had its price objective decreased by Robert W. Baird from $242.00 to $240.00 in a research note released on Thursday,Benzinga reports. Robert W. Baird currently has a neutral rating on the business services provider’s stock.

RSG has been the subject of several other research reports. BMO Capital Markets cut their price target on Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. UBS Group raised their price objective on Republic Services from $225.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Republic Services in a research note on Friday, March 27th. Barclays set a $227.00 price objective on Republic Services in a research note on Monday, February 23rd. Finally, Morgan Stanley lowered their price objective on Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 18th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $247.00.

Republic Services Stock Performance

NYSE RSG opened at $209.51 on Thursday. The stock has a market capitalization of $64.73 billion, a PE ratio of 30.59, a P/E/G ratio of 3.50 and a beta of 0.53. The business has a 50 day simple moving average of $221.53 and a two-hundred day simple moving average of $217.29. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services has a 1-year low of $201.42 and a 1-year high of $258.75.

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

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd were paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 2nd. Republic Services’s dividend payout ratio (DPR) is presently 36.79%.

Institutional Investors Weigh In On Republic Services

Institutional investors and hedge funds have recently modified their holdings of the business. Financial Consulate Inc. bought a new stake in shares of Republic Services during the 3rd quarter worth approximately $25,000. Wealth Watch Advisors INC bought a new stake in shares of Republic Services during the 3rd quarter worth approximately $26,000. Laurel Wealth Advisors LLC bought a new stake in shares of Republic Services during the 4th quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Republic Services by 121.8% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock worth $28,000 after acquiring an additional 67 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new stake in shares of Republic Services during the 3rd quarter worth approximately $29,000. 57.73% of the stock is 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.