Republic Services (NYSE:RSG) PT raised to $158.00 at Deutsche Bank Aktiengesellschaft


Services of the Republic (NYSE: RSGGet a rating) saw its price target raised by Deutsche Bank Aktiengesellschaft equity research analysts from $147.00 to $158.00 in a report on Tuesday, Fly reports. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 10.54% from the stock’s previous close.

RSG has been the subject of several other research reports. Bank of America upgraded Republic Services shares from a “neutral” to a “buy” rating and raised its price target for the company from $140.00 to $150.00 in a research note from the Friday May 13. Raymond James raised his target price on Republic Services from $140.00 to $142.00 and gave the stock an “outperform” rating in a Friday, April 22 research report. Oppenheimer raised his price target on Republic Services shares from $139.00 to $154.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Morgan Stanley raised its price target on Republic Services shares from $147.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday. Two analysts gave the stock a hold rating, five gave the stock a buy rating and two gave the company a strong buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $148.33.

Republic services trade up 0.1%

NYSE RSG opened at $142.94 on Tuesday. Republic Services has a 52-week low of $113.57 and a 52-week high of $145.98. The company has a 50-day moving average price of $131.25 and a 200-day moving average price of $129.85. The stock has a market capitalization of $45.15 billion, a P/E ratio of 32.78, a P/E/G ratio of 2.82 and a beta of 0.72. The company has a quick ratio of 0.75, a current ratio of 0.73 and a debt ratio of 1.26.

Services of the Republic (NYSE: RSGGet a rating) last released its quarterly earnings data on Thursday, August 4. The business services provider reported EPS of $1.32 for the quarter, beating analyst consensus estimates of $1.18 by $0.14. The company posted revenue of $3.41 billion for the quarter, versus a consensus estimate of $3.30 billion. Republic Services achieved a net margin of 11.31% and a return on equity of 16.18%. The company’s revenue increased 21.4% year over year. In the same quarter a year earlier, the company earned earnings per share of $1.09. Equity research analysts expect Republic Services to post EPS of 4.78 for the current year.

Insider Trading at Republic Services

In other Republic Services, CAO news Brian A. Goebel sold 347 shares of Republic Services in a trade on Thursday, June 2. The shares were sold at an average price of $135.01, for a total value of $46,848.47. Following the completion of the transaction, the chief accounting officer now owns 6,186 shares of the company, valued at $835,171.86. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website. Separately, CAO Brian A. Goebel sold 347 shares of the company in a trade that took place on Thursday, June 2. The stock was sold at an average price of $135.01, for a total value of $46,848.47. As a result of the sale, the chief accounting officer now directly owns 6,186 shares of the company, valued at approximately $835,171.86. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink. Additionally, COO Timothy E. Stuart sold 15,000 shares of the company in a trade that took place on Tuesday, June 7. The stock was sold at an average price of $135.19, for a total value of $2,027,850.00. Following the completion of the sale, the COO now owns 19,675 shares of the company, valued at $2,659,863.25. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 29,447 shares of the company valued at $4,083,807. Insiders own 0.06% of the shares of the company.

Institutional entries and exits

Several hedge funds have recently bought and sold shares of RSG. Oliver Lagore Vanvalin Investment Group purchased a new equity stake in Republic Services during Q1 for $25,000. Godsey & Gibb Associates purchased a new stake in Republic Services during the fourth quarter worth approximately $28,000. Glassman Wealth Services increased its position in Republic Services shares by 116.8% in the first quarter. Glassman Wealth Services now owns 206 shares of the business services provider valued at $27,000 after buying 111 additional shares in the last quarter. Masso Torrence Wealth Management Inc. bought a new position in Republic Services stock in the fourth quarter worth about $32,000. Finally, FinTrust Capital Advisors LLC increased its stake in Republic Services by 123.6% in the 1st quarter. FinTrust Capital Advisors LLC now owns 237 shares of the business services provider valued at $32,000 after buying an additional 131 shares during the period. 92.80% of the shares are held by institutional investors and hedge funds.

Republic Services Company Profile

(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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