The nine analysts who track Republic Services, Inc. (NYSE:RSG) reportedly gave the stock a “Moderate Buy” recommendation, representing the group’s consensus view, as reported by Bloomberg.com. Two Research Experts Recommend Investors Hold Existing Stocks; four market analysts recommended investors buy the stock and one market analyst recommended investors strongly buy the stock. Most brokerages that have updated their coverage of the stock in the past year have set a price target of $152.00 for the stock in one year.
Recently, several stock analysts have published research papers based on surveys they have conducted in the company. In a research note published on Tuesday, Raymond James reduced his price target for Republic Services from $155.00 to $148.00. Despite this change, they remained firm in recommending investors to “outperform” the stock. In a research note published Thursday, October 20, Oppenheimer revealed that they had reduced their target price on Republic Services to $152.00. In a report released Tuesday, September 27, Morgan Stanley upgraded Republic Services to “overweight” status and raised its price target for the stock from $157.00 to $162.00. Deutsche Bank Aktiengesellschaft announced its decision to increase its price target on Republic Services on Tuesday, August 9, in a publicly available research note. The new price target is $158.0, which is an increase from the previous price target of $147.0. Finally, in a research note published by StockNews.com on Sunday, October 23, Republic Services’ rating was changed from “buy” to “strong buy,” meaning that a future purchase is more likely.
RSG stock prices began trading at $134.64 per share on Friday, the first day of trading. According to the simple moving average of the last 200 trading days, the stock price is currently $135.27 and the simple moving average of the last 50 trading days is currently $139.96. The company’s market capitalization currently stands at $42.54 billion and has a PE ratio of 30.88, a PEG ratio of 2.49 and a beta coefficient of 0.70. The leverage ratio is 1.26, while the current and quick ratios are 0.73. The debt ratio is the highest of the three ratios. The current price of $113.57 for Republic Services represents a one-year low, while $149.17 represents an all-time high for the company over the same period.
Republic Services (NYSE:RSG) released its latest quarterly earnings report on Thursday, August 4, 2018. The business services company reported total earnings per share for the quarter of $1.32, or $0.14 USD more than the estimate reached by most companies. analysts, which was $1.18. Republic Services’ return on equity was 16.18% and its net margin was 11.31%. Both of these figures are in percentages. Revenue for the quarter was $3.41 billion, well above market forecast of $3.30 billion on average. Compared to the prior year results for the same period, the company posted earnings of $1.09 per share. Additionally, the company’s annual quarterly sales growth rate was 21.4% higher than the previous year’s growth rate. In the current fiscal year, Republic Services shareholders can expect to earn $4.77 per share in earnings from the company.
In other news on this subject, Ark Managing Director Jon Vander of Republic Services sold 14,100 shares of the company on Monday, August 8. The total amount of money obtained from the sale of the shares was $2,009,109, which corresponds to a price of $142.49 for each share. As a direct result of the transaction, the CEO of the company now directly owns 59,619 shares of the company, which have an approximate value of $8,495,111.31. Additional information regarding the transaction can be found in a document sent to the SEC and now available online. In addition, the employees of the company hold a total of 0.06% of the capital of the company, which is a very low percentage.
Recently, several institutional investors have been buying and selling RSG shares. This activity has been around for a while. Price T. Rowe Associates, Inc., MD increased its stake in Republic Services stock to 29.8% in the second quarter from 28.8%. Price T. Rowe Associates Inc. MD now owns a total of 7,226,762 shares of the business services provider, which is estimated to be worth $945,762,000 after purchasing an additional 1,657,265 shares in the last quarter. This brings the total number of shares held by the company to 7,226,762. The percentage of Republic Services held by Mitsubishi UFJ Trust & Banking Corp. increased by 46.1% in the first three months of the year. Following the acquisition of an additional 436,685 shares of the business services provider’s stock last quarter, Mitsubishi UFJ Trust & Banking Corp now owns a total of 1,384,966 shares of the company’s stock. The value of these shares on the market today is $183,542,000. BlackRock Inc. increased its proportionate stake in Republic Services by 2.1% in the first three months of 2018. BlackRock Inc. now owns 21,085,318 shares of the business services provider after purchasing an additional 427,719 shares in the course of the last trimester. The shares have an estimated market value of $2,793,803,000. During the first three months of 2018, Invesco Ltd. increased its stake in Republic Services by 18.4%. Invesco Ltd. now owns 2,723,076 shares of the business services provider after selling an additional 422,281 shares in the last quarter. The stock is currently valued at $360,808,000. This is the last and most important point to make, as it relates to the fact that Ensign Peak Advisors Inc. increased its stake in Republic Services by 44.8% during the second quarter. The business services provider’s stock now has a total of 1,290,881 shares thanks to the purchase of 399,301 additional shares in the last quarter. Based on the current stock price, this gives the company a market value of approximately $168,939,000. There are currently, a total of 58.01% of the company’s shares are held by institutional investors such as hedge funds and other types of institutional investors.
Republic Services, Inc., along with several of its other subsidiaries, is the parent company of companies that operate in the United States to provide environmental services. The company offers a wide range of environmental services, including the collection, transfer and disposal of solid waste that does not contain hazardous materials. In addition, he is responsible for the collection and processing of recyclable materials. The company’s collection services include recycling and trash cans, compactor rentals, and curbside pickup of materials for delivery to transfer stations, landfills, or recycling processing facilities.