Republic Services (NYSE:RSG – Get Free Report) had its target price increased by Truist Financial from $175.00 to $192.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the business services provider’s stock. Truist Financial’s price objective would indicate a potential upside of 4.62% from the company’s previous close.
A number of other brokerages also recently issued reports on RSG. Royal Bank of Canada boosted their price objective on Republic Services from $166.00 to $199.00 and gave the company a “sector perform” rating in a research note on Wednesday. Wells Fargo & Company boosted their price objective on Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. BMO Capital Markets upped their price target on Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a research note on Wednesday. Stifel Nicolaus upped their price target on Republic Services from $175.00 to $187.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Finally, Oppenheimer upped their price target on Republic Services from $182.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Republic Services presently has an average rating of “Moderate Buy” and a consensus target price of $190.92.
Get Our Latest Research Report on RSG
Republic Services Price Performance
NYSE RSG opened at $183.52 on Wednesday. The company has a 50-day moving average price of $171.55 and a 200-day moving average price of $158.49. The firm has a market capitalization of $57.74 billion, a P/E ratio of 33.55, a PEG ratio of 3.08 and a beta of 0.67. The company has a quick ratio of 0.58, a current ratio of 0.56 and a debt-to-equity ratio of 1.13. Republic Services has a 52 week low of $126.58 and a 52 week high of $192.57.
Republic Services (NYSE:RSG – Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.13. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.73 billion. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 EPS. Equities research analysts anticipate that Republic Services will post 5.98 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of RSG. ARQ Wealth Advisors LLC purchased a new stake in Republic Services during the 4th quarter valued at $227,000. Syon Capital LLC increased its stake in Republic Services by 7.2% in the fourth quarter. Syon Capital LLC now owns 2,367 shares of the business services provider’s stock worth $390,000 after purchasing an additional 158 shares during the period. Integrated Advisors Network LLC purchased a new position in shares of Republic Services during the fourth quarter valued at $236,000. Raleigh Capital Management Inc. increased its stake in shares of Republic Services by 19.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 357 shares of the business services provider’s stock valued at $59,000 after buying an additional 59 shares during the period. Finally, V Square Quantitative Management LLC increased its stake in shares of Republic Services by 112.7% during the fourth quarter. V Square Quantitative Management LLC now owns 4,115 shares of the business services provider’s stock valued at $679,000 after buying an additional 2,180 shares during the period. 57.23% of the stock is currently owned by institutional investors.
Republic Services Company Profile
Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.
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Source: defenseworld.net
