BMO Capital Markets Reiterates “Outperform” Rating for Republic Services (NYSE:RSG)

Republic Services (NYSE:RSG)‘s stock had its “outperform” rating restated by stock analysts at BMO Capital Markets in a report released on Monday, MarketBeat.com reports. They currently have a $280.00 target price on the business services provider’s stock, up from their previous target price of $268.00. BMO Capital Markets’ price objective suggests a potential upside of 12.91% from the stock’s current price.

RSG has been the topic of several other reports. Raymond James reaffirmed an “outperform” rating on shares of Republic Services in a research note on Wednesday, April 16th. Truist Financial lifted their target price on shares of Republic Services from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, April 22nd. Morgan Stanley increased their price target on Republic Services from $230.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Friday, April 25th. National Bank Financial raised Republic Services to a “hold” rating in a research report on Monday, May 26th. Finally, Robert W. Baird increased their target price on Republic Services from $232.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and a consensus price target of $252.68.

Republic Services Trading Down 0.6%

NYSE:RSG opened at $247.98 on Monday. The company has a market capitalization of $77.49 billion, a PE ratio of 38.21, a price-to-earnings-growth ratio of 3.64 and a beta of 0.63. Republic Services has a 52-week low of $185.07 and a 52-week high of $258.75. The stock has a fifty day simple moving average of $246.41 and a 200-day simple moving average of $229.37. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. Republic Services’s quarterly revenue was up 3.8% on a year-over-year basis. On average, equities research analysts expect that Republic Services will post 6.86 earnings per share for the current fiscal year.

Institutional Trading of Republic Services

Large investors have recently modified their holdings of the business. Versant Capital Management Inc grew its stake in Republic Services by 0.4% during the 1st quarter. Versant Capital Management Inc now owns 9,973 shares of the business services provider’s stock valued at $2,415,000 after purchasing an additional 44 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in shares of Republic Services by 0.5% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 8,648 shares of the business services provider’s stock valued at $1,740,000 after buying an additional 46 shares during the last quarter. Elevation Point Wealth Partners LLC increased its stake in shares of Republic Services by 4.2% in the first quarter. Elevation Point Wealth Partners LLC now owns 1,154 shares of the business services provider’s stock worth $279,000 after buying an additional 46 shares during the last quarter. Hemington Wealth Management raised its holdings in Republic Services by 6.2% in the first quarter. Hemington Wealth Management now owns 806 shares of the business services provider’s stock valued at $195,000 after acquiring an additional 47 shares in the last quarter. Finally, FORA Capital LLC boosted its stake in Republic Services by 0.7% during the 4th quarter. FORA Capital LLC now owns 7,659 shares of the business services provider’s stock valued at $1,541,000 after acquiring an additional 50 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

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.