StockNews.com downgrades Republic Services (NYSE:RSG) to buy


Services of the Republic (NYSE: RSGGet a rating) was downgraded by analysts from StockNews.com from a “strong buy” rating to a “buy” rating in a report released on Monday.

Several other stock analysts have also recently commented on the stock. 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 Monday, August 8 research report. Deutsche Bank Aktiengesellschaft raised its price target on Republic Services shares from $147.00 to $158.00 in a Tuesday, August 9 report. 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 report. Oppenheimer raised his price target on Republic Services shares from $139.00 to $154.00 and gave the stock an “outperform” rating in a Monday, Aug. 8 report. Finally, Bank of America upgraded Republic Services shares from a “neutral” to a “buy” rating and raised its share price target from $140.00 to $150.00 in a report Friday, May 13. Two investment analysts gave the stock a hold rating, six gave the stock a buy rating and one gave the stock a strong buy rating. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.33.

Republic services stock up 0.8%

Shares of Actions of the services of the Republic opened at $147.12 on Monday. The company has a debt ratio of 1.26, a current ratio of 0.73 and a quick ratio of 0.73. Republic Services has a 1-year minimum of $113.57 and a 1-year maximum of $147.75. The company has a 50-day moving average of $131.84 and a 200-day moving average of $130.30. The company has a market capitalization of $46.48 billion, a PE ratio of 33.74, a P/E/G ratio of 2.67 and a beta of 0.72.

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

Insider Activity at Republic Services

In related news, COO Timothy E. Stuart sold 15,000 shares of the company 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. As a result of the transaction, the chief operating officer now owns 19,675 shares of the company, valued at $2,659,863.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available via this hyperlink. In other Republic Services News, CEO Ark Jon Vander sold 14,100 shares of the company in a transaction on Monday, August 8. The stock was sold at an average price of $142.49, for a total value of $2,009,109.00. As a result of the transaction, the CEO now owns 59,619 shares of the company, valued at $8,495,111.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. Also, COO Timothy E. Stuart sold 15,000 shares of Republic Services in a trade 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 completion of the transaction, the COO now owns 19,675 shares of the company, valued at $2,659,863.25. Disclosure of this sale can be found here. Insiders sold 29,447 shares of the company worth $4,083,807 during the last quarter. 0.06% of the shares are currently held by insiders of the company.

Institutional investors weigh in on Republic Services

Hedge funds have recently changed their stock holdings. Park Avenue Securities LLC increased its holdings of Republic Services stock by 9.8% in the first quarter. Park Avenue Securities LLC now owns 5,756 shares of the business services provider valued at $763,000 after purchasing an additional 512 shares in the last quarter. Daiwa Securities Group Inc. increased its equity stake in Republic Services by 8.0% during the first quarter. Daiwa Securities Group Inc. now owns 13,890 shares of the business services provider valued at $1,840,000 after buying an additional 1,029 shares in the last quarter. Advisor Partners LLC increased its equity stake in Republic Services by 8.3% during the first quarter. Advisor Partners LLC now owns 12,369 shares of the business services provider valued at $1,639,000 after buying 943 additional shares in the last quarter. Sigma Planning Corp increased its stake in Republic Services by 0.5% in the first quarter. Sigma Planning Corp now owns 22,222 shares of the business services provider worth $2,945,000 after acquiring 113 more shares last quarter. Finally, Rockefeller Capital Management LP increased its stake in Republic Services by 18.4% in the 4th quarter. Rockefeller Capital Management LP now owns 82,258 shares of the business services provider worth $11,470,000 after acquiring an additional 12,755 shares last quarter. 92.80% of the shares are held by hedge funds and other institutional investors.

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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