National Bankshares Lowers Republic Services (NYSE:RSG) Price Target to $241.00

Key Points

• National Bankshares has reduced the price target for Republic Services' stock from $270.00 to $241.00, maintaining a "sector perform" rating.
• The current price adjustment suggests a potential upside of 8.30% from Republic Services' stock price, which recently traded at $222.53.
• Overall analyst consensus indicates a "Moderate Buy" rating for Republic Services, with a target price set at approximately $259.60.

Republic Services (NYSE:RSG - Get Free Report) had its price objective lowered by research analysts at National Bankshares from $270.00 to $241.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the business services provider's stock. National Bankshares' price objective would indicate a potential upside of 8.30% from the stock's current price.

A number of other brokerages also recently commented on RSG. Raymond James Financial set a $260.00 target price on shares of Republic Services and gave the company an "outperform" rating in a research note on Monday. Melius began coverage on shares of Republic Services in a research note on Monday, June 9th. They issued a "hold" rating on the stock. Melius Research raised shares of Republic Services to a "hold" rating and set a $281.00 price target on the stock in a research note on Monday, June 9th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Republic Services in a research note on Saturday, September 27th. Finally, UBS Group set a $260.00 price target on shares of Republic Services and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $259.60.

Republic Services Trading Down 0.3%

Shares of NYSE RSG traded down $0.66 during midday trading on Tuesday, reaching $222.53. 516,484 shares of the stock were exchanged, compared to its average volume of 1,264,991. The company has a market capitalization of $69.48 billion, a P/E ratio of 32.92, a P/E/G ratio of 3.50 and a beta of 0.59. Republic Services has a 52-week low of $197.60 and a 52-week high of $258.75. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.04. The stock has a 50 day moving average price of $231.08 and a 200-day moving average price of $240.21.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.77 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.01. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same period in the previous year, the firm posted $1.61 earnings per share. The company's quarterly revenue was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Equities research analysts expect that Republic Services will post 6.86 earnings per share for the current fiscal year.

Insider Activity

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of $234.91 per share, with a total value of $1,000,246.78. Following the acquisition, the insider owned 109,816,832 shares of the company's stock, valued at approximately $25,797,072,005.12. This represents a 0.00% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Gregg Brummer sold 7,338 shares of Republic Services stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $233.94, for a total transaction of $1,716,651.72. Following the completion of the transaction, the executive vice president directly owned 4,060 shares of the company's stock, valued at $949,796.40. This trade represents a 64.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RSG. Norges Bank acquired a new position in Republic Services during the 2nd quarter valued at about $690,313,000. C WorldWide Group Holding A S acquired a new position in Republic Services during the 1st quarter valued at about $230,013,000. Nuveen LLC acquired a new position in Republic Services during the 1st quarter valued at about $198,685,000. M&G PLC boosted its stake in Republic Services by 113.0% during the 2nd quarter. M&G PLC now owns 1,164,656 shares of the business services provider's stock valued at $287,670,000 after purchasing an additional 617,939 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Republic Services by 118.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 806,409 shares of the business services provider's stock valued at $198,869,000 after purchasing an additional 437,190 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

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.

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