Republic Services (NYSE:RSG) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Key Points

• Robert W. Baird raised Republic Services’ price target from $242 to $245 while maintaining a “neutral” rating, implying 6.25% upside from the prior close.
• Analyst sentiment remains broadly positive, with 13 Buy ratings and 9 Holds producing a “Moderate Buy” consensus and an average price target of $243.73.
• Republic Services exceeded quarterly expectations, reporting $1.85 in EPS versus $1.81 expected and $4.43 billion in revenue, up 4.6% year over year; insiders and institutional investors have also been increasing their holdings.

Republic Services (NYSE:RSG - Get Free Report) had its price target upped by equities researchers at Robert W. Baird from $242.00 to $245.00 in a report released on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the business services provider's stock. Robert W. Baird's price objective would suggest a potential upside of 6.25% from the company's previous close.

RSG has been the subject of several other reports. Wolfe Research started coverage on Republic Services in a report on Tuesday, September 15th. They set a "peer perform" rating for the company. Raymond James Financial set a $235.00 price objective on Republic Services in a report on Friday, October 9th. The Goldman Sachs Group lowered their price objective on Republic Services from $256.00 to $246.00 and set a "buy" rating on the stock in a research report on Friday, October 2nd. Citigroup lifted their target price on Republic Services from $247.00 to $259.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Finally, Morgan Stanley reduced their target price on shares of Republic Services from $232.00 to $219.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 13th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $243.73.

Republic Services Stock Down 1.0%

Shares of RSG opened at $230.58 on Thursday. The firm has a market cap of $70.61 billion, a P/E ratio of 32.66, a price-to-earnings-growth ratio of 3.74 and a beta of 0.39. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. Republic Services has a 52 week low of $196.41 and a 52 week high of $233.42. The firm's 50-day simple moving average is $219.53 and its 200 day simple moving average is $214.22.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period last year, the business posted $1.77 earnings per share. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, analysts forecast that Republic Services will post 7.26 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Cascade Investment, L.L.C. acquired 409,500 shares of the company's stock in a transaction on Tuesday, September 8th. The stock was purchased at an average cost of $221.49 per share, with a total value of $90,700,155.00. Following the acquisition, the insider directly owned 116,166,330 shares of the company's stock, valued at approximately $25,729,680,431.70. The trade was a 0.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders acquired 6,254,462 shares of company stock valued at $1,380,321,958. 0.12% of the stock is owned by insiders.

Institutional Trading of Republic Services

Several large investors have recently modified their holdings of the stock. Korea Investment CORP bought a new stake in shares of Republic Services during the 2nd quarter valued at approximately $20,602,000. Equitable Holdings Inc. bought a new position in Republic Services in the 2nd quarter valued at approximately $1,381,000. Bridgewater Advisors Inc. bought a new position in Republic Services in the 2nd quarter valued at approximately $535,000. Public Employees Retirement System of Ohio acquired a new stake in Republic Services in the second quarter valued at approximately $16,335,000. Finally, Rakuten Investment Management Inc. bought a new stake in shares of Republic Services during the second quarter worth $7,032,000. 57.73% of the stock is owned by institutional investors and hedge funds.

About Republic Services

Republic Services, Inc is an environmental services company that provides waste collection, recycling and disposal solutions for residential, commercial, industrial and municipal customers. Its services include curbside collection, dumpster and roll-off container services, transfer station operations, landfill management and recycling processing.

The company also provides specialized environmental services, including hazardous waste management, emergency response, remediation and other sustainability-related solutions for businesses and government organizations.

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