Republic Services (NYSE:RSG - Get Free Report) had its price objective cut by analysts at JPMorgan Chase & Co. from $275.00 to $260.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the business services provider's stock. JPMorgan Chase & Co.'s target price points to a potential upside of 15.58% from the company's current price.
Other equities research analysts have also issued reports about the company. Raymond James Financial set a $260.00 price target on Republic Services and gave the company an "outperform" rating in a research report on Monday, October 6th. Weiss Ratings restated a "buy (b)" rating on shares of Republic Services in a research note on Wednesday, October 8th. UBS Group set a $260.00 price objective on Republic Services and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Scotiabank set a $250.00 price objective on Republic Services in a research note on Friday. Finally, Barclays assumed coverage on Republic Services in a research note on Friday, September 19th. They set an "equal weight" rating and a $240.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $258.10.
Check Out Our Latest Research Report on RSG
Republic Services Stock Up 0.9%
NYSE RSG traded up $1.91 on Tuesday, reaching $224.95. The company had a trading volume of 45,176 shares, compared to its average volume of 1,262,000. The firm has a market capitalization of $70.23 billion, a PE ratio of 33.34, a P/E/G ratio of 3.64 and a beta of 0.59. Republic Services has a 1 year low of $197.60 and a 1 year high of $258.75. The firm has a 50-day moving average of $230.01 and a 200-day moving average of $239.70. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66.
Republic Services (NYSE:RSG - Get Free Report) last released its earnings results on Tuesday, July 29th. The business services provider reported $1.77 EPS for the quarter, beating the consensus estimate of $1.76 by $0.01. The company had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.26 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The business's revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, equities research analysts anticipate that Republic Services will post 6.86 EPS for the current fiscal year.
Insider Transactions at Republic Services
In related news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average cost of $234.91 per share, with a total value of $1,000,246.78. Following the purchase, the insider owned 109,816,832 shares of the company's stock, valued at approximately $25,797,072,005.12. The trade was a 0.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gregg Brummer sold 7,338 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $233.94, for a total value of $1,716,651.72. Following the completion of the transaction, the executive vice president directly owned 4,060 shares in the company, valued at $949,796.40. The trade was a 64.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.11% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Ignite Planners LLC raised its stake in shares of Republic Services by 2.8% in the second quarter. Ignite Planners LLC now owns 1,562 shares of the business services provider's stock valued at $376,000 after purchasing an additional 43 shares in the last quarter. L2 Asset Management LLC raised its stake in shares of Republic Services by 5.0% in the second quarter. L2 Asset Management LLC now owns 908 shares of the business services provider's stock valued at $224,000 after purchasing an additional 43 shares in the last quarter. Elevation Point Wealth Partners LLC raised its stake in shares of Republic Services by 4.2% in the first quarter. Elevation Point Wealth Partners LLC now owns 1,154 shares of the business services provider's stock valued at $279,000 after purchasing an additional 46 shares in the last quarter. Gries Financial LLC raised its stake in shares of Republic Services by 3.8% in the second quarter. Gries Financial LLC now owns 1,249 shares of the business services provider's stock valued at $308,000 after purchasing an additional 46 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its position in Republic Services by 17.8% in the second quarter. TD Private Client Wealth LLC now owns 305 shares of the business services provider's stock valued at $75,000 after acquiring an additional 46 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.
About Republic Services
(
Get Free Report)
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.
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