Republic Services (NYSE:RSG) Price Target Raised to $240.00

Republic Services (NYSE:RSG) had its target price increased by research analysts at UBS Group from $212.00 to $240.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. UBS Group’s price target suggests a potential upside of 5.09% from the stock’s current price.

Several other research analysts have also recently issued reports on RSG. The Goldman Sachs Group lifted their target price on shares of Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday. CIBC boosted their price objective on shares of Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Jefferies Financial Group upped their price target on shares of Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Morgan Stanley boosted their target price on shares of Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $211.00 to $238.00 in a report on Friday, December 6th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $231.75.

Republic Services Price Performance

Shares of Republic Services stock opened at $228.37 on Wednesday. The firm has a market cap of $71.51 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 3.33 and a beta of 0.74. Republic Services has a 12-month low of $179.62 and a 12-month high of $232.52. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The company’s fifty day simple moving average is $211.64 and its two-hundred day simple moving average is $207.96.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the firm posted $1.41 EPS. As a group, equities analysts expect that Republic Services will post 6.89 EPS for the current year.

Insider Activity at Republic Services

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the sale, the director now owns 879 shares of the company’s stock, valued at $189,222.33. The trade was a 67.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Republic Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in RSG. Norges Bank acquired a new stake in Republic Services during the 4th quarter worth $553,039,000. Stifel Financial Corp raised its holdings in shares of Republic Services by 437.9% during the 3rd quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock worth $364,449,000 after acquiring an additional 1,477,255 shares during the period. Wellington Management Group LLP lifted its position in Republic Services by 23.2% in the third quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock valued at $1,205,883,000 after buying an additional 1,131,850 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Republic Services during the fourth quarter valued at about $184,827,000. Finally, International Assets Investment Management LLC increased its position in shares of Republic Services by 83,671.9% during the third quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider’s stock valued at $108,183,000 after acquiring an additional 538,010 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. 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.