Republic Services (NYSE:RSG) Price Target Raised to $230.00

Republic Services (NYSE:RSG - Get Free Report) had its price objective hoisted by equities researchers at The Goldman Sachs Group from $209.00 to $230.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the business services provider's stock. The Goldman Sachs Group's price target indicates a potential upside of 22.69% from the company's current price.

A number of other equities research analysts have also issued reports on the company. Stifel Nicolaus upped their price target on Republic Services from $175.00 to $187.00 and gave the company a "buy" rating in a research report on Tuesday, December 19th. Jefferies Financial Group upped their price objective on Republic Services from $213.00 to $225.00 and gave the company a "buy" rating in a report on Monday, March 18th. Scotiabank assumed coverage on Republic Services in a report on Monday, April 8th. They issued a "sector perform" rating and a $211.00 price objective on the stock. Oppenheimer upped their price objective on Republic Services from $182.00 to $195.00 and gave the company an "outperform" rating in a report on Wednesday, February 28th. Finally, Morgan Stanley cut Republic Services from an "overweight" rating to an "equal weight" rating and set a $199.00 price objective on the stock. in a report on Friday, March 15th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $199.77.

Republic Services Price Performance

Shares of RSG stock traded up $0.23 during trading hours on Tuesday, reaching $187.47. The company had a trading volume of 1,479,865 shares, compared to its average volume of 1,185,647. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a fifty day moving average of $184.72 and a 200-day moving average of $167.88. The company has a market capitalization of $59.05 billion, a price-to-earnings ratio of 34.52, a PEG ratio of 3.29 and a beta of 0.68. Republic Services has a 12-month low of $135.33 and a 12-month high of $192.57.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.13. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.73 billion. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. The business's revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.13 earnings per share. On average, equities analysts anticipate that Republic Services will post 6 earnings per share for the current year.

Insiders Place Their Bets

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the company's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the transaction, the chief executive officer now directly owns 85,113 shares in the company, valued at $15,669,303.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is owned by insiders.

Institutional Trading of Republic Services

Large investors have recently modified their holdings of the stock. Bogart Wealth LLC purchased a new stake in shares of Republic Services during the fourth quarter worth $30,000. FinTrust Capital Advisors LLC increased its holdings in Republic Services by 56.3% in the third quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider's stock valued at $28,000 after buying an additional 71 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in Republic Services in the fourth quarter valued at $34,000. Jones Financial Companies Lllp increased its holdings in Republic Services by 3,014.3% in the fourth quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider's stock valued at $36,000 after buying an additional 211 shares during the last quarter. Finally, BKM Wealth Management LLC purchased a new position in Republic Services in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

About Republic Services

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.