Republic Services, Inc. (NYSE:RSG) Received Consensus “Buy Moderate” Recommendation From Brokerages

Republic Services, Inc. Shares (NYSE: RSGGet a rating) have been given an average rating of “moderate buy” by the nine rating agencies that cover the company, market beat reports. Two investment analysts gave the stock a hold rating, four gave the company a buy rating and one gave the company a strong buy rating. The 12-month average price target among analysts who have reported on the stock in the past year is $151.00.

RSG has been the subject of several research analyst reports. Oppenheimer reduced his target price on Republic Services to $148.00 in a Tuesday, Nov. 1, research report. StockNews.com upgraded Republic Services from a “buy” rating to a “strong buy” rating in a Monday, Nov. 14, research report. Jefferies Financial Group reissued a “buy” rating and set a target price of $165.00 on Republic Services shares in a research report on Tuesday, October 25. Morgan Stanley cut its price target on Republic Services from $162.00 to $150.00 and set an “overweight” rating for the company in a Friday, Oct. 28 research note. Finally, Royal Bank of Canada reduced its price target on Republic Services from $143.00 to $139.00 and set an “industry performance” rating for the company in a Friday, October 28 research note. .

Performance of Republic Services shares

Shares of RSG opened at $134.65 on Tuesday. The company has a debt ratio of 1.18, a quick ratio of 0.70 and a current ratio of 0.70. Republic Services has a 1-year minimum of $113.57 and a 1-year maximum of $149.17. The stock has a market capitalization of $42.55 billion, a PE ratio of 29.40, a PEG ratio of 2.45 and a beta of 0.66. The stock has a 50-day simple moving average of $135.29 and a 200-day simple moving average of $135.08.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 13. Investors of record on Tuesday, January 3 will receive a dividend of $0.495 per share. This represents a dividend of $1.98 on an annualized basis and a yield of 1.47%. The ex-dividend date is Friday, December 30. Republic Services’ dividend payout ratio is currently 43.23%.

Institutional entries and exits

Institutional investors and hedge funds have recently bought and sold shares of the company. Dearborn Partners LLC increased its stake in Republic Services by 0.4% in the third quarter. Dearborn Partners LLC now owns 393,433 shares of the business services provider valued at $53,522,000 after purchasing an additional 1,452 shares in the last quarter. California State Teachers Retirement System increased its holdings in Republic Services by 0.5% in the third quarter. California State Teachers Retirement System now owns 350,106 shares of the business services provider valued at $47,628,000 after buying 1,585 additional shares in the last quarter. Industrial Alliance Investment Management Inc. increased its stake in Republic Services by 28.0% in the third quarter. Industrial Alliance Investment Management Inc. now owns 6,401 shares of the business services provider worth $871,000 after purchasing an additional 1,401 shares in the last quarter. Advisors Capital Management LLC acquired a new stake in shares of Republic Services during the third quarter at a value of $427,000. Finally, Glenmede Trust Co. NA increased its stake in Republic Services shares by 313.2% during the third quarter. Glenmede Trust Co. NA now owns 132,345 shares of the business services provider valued at $18,004,000 after acquiring an additional 100,318 shares in the last quarter. Institutional investors and hedge funds hold 58.01% of the company’s shares.

About Republic Services

(Get a rating)

Republic Services, Inc., together with its subsidiaries, provides environmental services in the United States. The company offers collection and processing of recyclable materials, collection, transfer and disposal of non-hazardous solid waste and other environmental solutions. Its collection services include curbside collection of materials for transportation to transfer stations, landfills or recycling processing centers; supply of recycling and waste containers; and rental of compactors.

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Analyst Recommendations for Republic Services (NYSE: RSG)

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