Republic Services (NYSE:RSG) PT Raised to $230.00

Republic Services (NYSE:RSG) had its price objective boosted by investment analysts at The Goldman Sachs Group from $209.00 to $230.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 21.73% from the stock’s previous close.

Several other brokerages also recently weighed in on RSG. Scotiabank began coverage on Republic Services in a report on Monday, April 8th. They issued a “sector perform” rating and a $211.00 price target for the company. Citigroup boosted their price objective on shares of Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Wells Fargo & Company boosted their price objective on shares of Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. Stifel Nicolaus boosted their price objective on shares of Republic Services from $175.00 to $187.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. Finally, Truist Financial boosted their price objective on shares of Republic Services from $175.00 to $192.00 and gave the company a “hold” rating in a research note on Wednesday, February 28th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $199.77.

Republic Services Trading Up 0.8 %

Shares of RSG opened at $188.95 on Tuesday. The stock has a fifty day moving average of $185.28 and a two-hundred day moving average of $168.34. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market capitalization of $59.52 billion, a PE ratio of 34.54, a price-to-earnings-growth ratio of 3.27 and a beta of 0.68. Republic Services has a fifty-two week low of $135.33 and a fifty-two week high of $192.57.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.13. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.73 billion. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. Republic Services’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.13 EPS. As a group, analysts forecast that Republic Services will post 6.01 EPS for the current year.

Insider Buying and Selling

In related news, CEO Ark Jon Vander sold 5,446 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the completion of the sale, the chief executive officer now directly owns 85,113 shares of the company’s stock, valued at approximately $15,669,303.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Republic Services

A number of institutional investors have recently added to or reduced their stakes in the company. Avalon Capital Management acquired a new position in Republic Services in the 1st quarter worth $235,000. Cornerstone Wealth Group LLC lifted its holdings in Republic Services by 4.8% in the 1st quarter. Cornerstone Wealth Group LLC now owns 18,431 shares of the business services provider’s stock worth $3,528,000 after buying an additional 846 shares in the last quarter. Burns J W & Co. Inc. NY acquired a new position in Republic Services in the 1st quarter worth $207,000. Kathmere Capital Management LLC raised its stake in shares of Republic Services by 9.5% in the 1st quarter. Kathmere Capital Management LLC now owns 3,138 shares of the business services provider’s stock valued at $601,000 after purchasing an additional 272 shares in the last quarter. Finally, Capital Insight Partners LLC raised its stake in shares of Republic Services by 10.9% in the 1st quarter. Capital Insight Partners LLC now owns 22,136 shares of the business services provider’s stock valued at $4,238,000 after purchasing an additional 2,175 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

About Republic Services

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.