Other research analysts have also recently published research reports on the stock. Raymond James raised his price target on Republic Services shares from $140.00 to $142.00 and gave the company an “outperform” rating in a Friday, April 22 research report. StockNews.com purported coverage of Republic Services stock in a Thursday, March 31 research report. They issued a “Strong Buy” rating for the company. Bank of America moved Republic Services shares from a “neutral” rating to a “buy” rating and raised its price target for the company from $140.00 to $150.00 in a research report from the Friday May 13. 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. Finally, JPMorgan Chase & Co. began covering Republic Services shares in a research note on Tuesday, March 1. They set a “neutral” rating for the company. Two investment analysts have assigned the stock a hold rating, six have issued a buy rating and two have assigned the stock a strong buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $138.00.
Republic Services shares opened at $123.36 on Thursday. The company has a market capitalization of $38.97 billion, a P/E ratio of 29.23, a price-to-earnings growth ratio of 2.58 and a beta of 0.75. Republic Services has a 1-year minimum of $106.46 and a 1-year maximum of $145.98. The company has a fifty-day simple moving average of $132.21 and a 200-day simple moving average of $130.58. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt ratio of 1.07.
Republic Services (NYSE: RSG – Get a rating) last reported results on Thursday, May 5. The business services provider reported earnings per share of $1.14 for the quarter, beating analyst consensus estimates of $1.05 by $0.09. The company posted revenue of $2.97 billion in the quarter, versus a consensus estimate of $2.89 billion. Republic Services had a net margin of 11.54% and a return on equity of 15.60%. The company’s revenue for the quarter increased by 14.4% compared to the same quarter last year. In the same quarter last year, the company earned $0.93 per share. On average, equity research analysts expect Republic Services to post EPS of 4.66 for the current year.
In related news, CAO Brian A. Goebel sold 347 shares of Republic Services in a trade that took place on Thursday, June 2. The shares were sold at an average price of $135.01, for a total transaction of $46,848.47. As a result of the sale, the accounting chief now directly owns 6,186 shares of the company, valued at approximately $835,171.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available at the SEC website. Additionally, COO Timothy E. Stuart sold 15,000 shares of Republic Services in a trade that took place on Tuesday, June 7. The shares were sold at an average price of $135.19, for a total transaction of $2,027,850.00. Following the sale, the COO now directly owns 19,675 shares of the company, valued at $2,659,863.25. Disclosure of this sale can be found here. 0.06% of the shares are currently held by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Glassman Wealth Services increased its equity stake in Republic Services by 116.8% in Q1. 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. Godsey & Gibb Associates bought a new stake in Republic Services stock in Q4 for $28,000. Masso Torrence Wealth Management Inc. bought a new stake in Republic Services stock in Q4 for $32,000. FinTrust Capital Advisors LLC increased its stake in Republic Services shares by 123.6% in Q1. FinTrust Capital Advisors LLC now owns 237 shares of the business services provider valued at $32,000 after buying 131 additional shares in the last quarter. Finally, Confluence Wealth Services Inc. purchased a new stake in Republic Services stock in Q4 for $33,000. 92.80% of the shares are currently held by hedge funds and other institutional investors.
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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