Republic Services (NYSE:RSG) Stock Price Target Cut by Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank lowered Republic Services’ price target from $270 to $258 while maintaining an implied upside of about 19% from the prior close.
• Analyst sentiment remains positive overall, with 13 Buy ratings and 9 Holds; MarketBeat lists a consensus rating of “Moderate Buy” and an average price target of $244.32.
• 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. Major shareholder Cascade Investment also purchased roughly $90.7 million of shares.

Republic Services (NYSE:RSG - Get Free Report) had its price objective cut by Deutsche Bank Aktiengesellschaft from $270.00 to $258.00 in a report issued on Friday. Deutsche Bank Aktiengesellschaft's target price points to a potential upside of 19.02% from the company's previous close.

A number of other research firms have also recently issued reports on RSG. UBS Group upped their price objective on shares of Republic Services from $233.00 to $235.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th. Weiss Ratings upgraded shares of Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, August 21st. Barclays raised their price objective on Republic Services from $233.00 to $240.00 and gave the company an "equal weight" rating in a report on Friday, August 7th. Morgan Stanley set a $232.00 target price on Republic Services and gave the stock an "equal weight" rating in a report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce reduced their price target on Republic Services from $249.00 to $240.00 and set an "outperform" rating on the stock in a report on Thursday. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $244.32.

Republic Services Stock Down 0.0%

NYSE RSG opened at $216.76 on Friday. The business has a fifty day moving average price of $217.01 and a two-hundred day moving average price of $213.75. The stock has a market capitalization of $66.38 billion, a PE ratio of 30.70, a PEG ratio of 3.59 and a beta of 0.39. Republic Services has a fifty-two week low of $196.41 and a fifty-two week high of $233.42. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.81 by $0.04. The company had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%. Republic Services's revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Equities analysts expect that Republic Services will post 7.27 earnings per share for the current fiscal year.

Insider Transactions at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 409,500 shares of the business's stock in a transaction on Tuesday, September 8th. The shares were purchased at an average cost of $221.49 per share, for a total transaction of $90,700,155.00. Following the acquisition, the insider owned 116,166,330 shares of the company's stock, valued at approximately $25,729,680,431.70. This represents a 0.35% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 6,254,462 shares of company stock valued at $1,380,321,958 over the last quarter. 0.12% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Republic Services

A number of large investors have recently bought and sold shares of RSG. Bell Investment Advisors Inc bought a new position in shares of Republic Services during the second quarter valued at about $25,000. Edmond DE Rothschild Holding S.A. bought a new stake in Republic Services in the 2nd quarter worth about $27,000. Compass Financial Management LLC bought a new position in shares of Republic Services during the 2nd quarter worth approximately $27,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Republic Services by 47.3% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider's stock worth $35,000 after buying an additional 52 shares during the last quarter. Finally, Reflection Asset Management bought a new position in shares of Republic Services in the fourth quarter valued at approximately $42,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Company Profile

Republic Services, Inc NYSE: RSG is an environmental services company that provides non-hazardous solid waste collection, transfer, disposal and recycling services. Its customers include households, businesses, industrial facilities and municipalities.

The company's operations include residential and commercial waste collection, roll-off and temporary container services, landfill management, transfer stations, recycling processing and related environmental solutions. Republic also provides services involving hazardous waste, organics, energy recovery and other specialized waste streams through selected operations.

Republic Services serves communities and customers across the United States, with operations spanning a broad network of collection, transfer, recycling and disposal facilities.

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