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


Republic Services, Inc. (NYSE: RSGGet a rating) has been assigned an average recommendation of “buy” by the eleven analysts who cover the company, market beat reports. Four analysts rated the stock with a hold recommendation, five gave a buy recommendation and two gave the company a strong buy recommendation. The 12-month average price target among brokers who have rated the stock over the past year is $136.75.

A number of analysts have released reports on the stock. Raymond James raised his price target on Republic Services shares from $140.00 to $142.00 and gave the stock an “outperform” rating in a Friday, April 22 research note. StockNews.com purported coverage of Republic Services stock in a Thursday, March 31, research note. They set a “Strong Buy” rating on the stock. Morgan Stanley raised its price target on Republic Services shares from $139.00 to $149.00 and gave the stock an “overweight” rating in a Tuesday, March 8 research note. JPMorgan Chase & Co. assumed coverage for Republic Services stocks in a research note on Tuesday, March 1. They set a “neutral” rating on the stock. Finally, Bank of America upgraded Republic Services shares from a “neutral” rating to a “buy” rating and raised its price target for the stock from $140.00 to $150.00 in a rating of research from Friday, May 13.

A number of institutional investors and hedge funds have recently changed their positions in RSG. Allspring Global Investments Holdings LLC acquired a new stake in shares of Republic Services in the fourth quarter worth approximately $499,246,000. Norges Bank bought a new position in shares of Republic Services during the fourth quarter for a value of approximately $277,394,000. BlackRock Inc. increased its position in Republic Services shares by 2.3% during the fourth quarter. BlackRock Inc. now owns 20,657,599 shares of the business services provider worth $2,880,704,000 after acquiring an additional 466,966 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in Republic Services shares by 46.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,384,966 shares of the business services provider worth $183,542,000 after acquiring 436,685 additional shares in the last quarter. Finally, Invesco Ltd. increased its position in Republic Services shares by 18.4% during the first quarter. Invesco Ltd. now owns 2,723,076 shares of the business services provider worth $360,808,000 after acquiring an additional 422,281 shares in the last quarter. 92.80% of the shares are held by hedge funds and other institutional investors.

Shares of GSR action opened at $136.87 on Tuesday. The company’s 50-day moving average price is $132.66 and its 200-day moving average price is $131.05. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt ratio of 1.07. The stock has a market capitalization of $43.24 billion, a price/earnings ratio of 32.43, a PEG ratio of 2.79 and a beta of 0.75. Republic Services has a twelve month minimum of $106.46 and a twelve month maximum of $145.98.

Services of the Republic (NYSE: RSGGet a rating) last announced its quarterly results on Thursday, May 5. The business services provider reported earnings per share of $1.14 for the quarter, beating the consensus estimate of $1.05 by $0.09. The company posted revenue of $2.97 billion for the quarter, versus $2.89 billion expected by analysts. Republic Services had a net margin of 11.54% and a return on equity of 15.60%. The company’s revenue increased by 14.4% compared to the same quarter last year. In the same quarter a year earlier, the company posted EPS of $0.93. As a group, equity research analysts expect Republic Services to post EPS of 4.66 for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 15. Investors of record on Friday, July 1 will receive a dividend of $0.46. This represents a dividend of $1.84 on an annualized basis and a yield of 1.34%. The ex-dividend date is Thursday, June 30. Republic Services’ dividend payout ratio (DPR) is 43.60%.

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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