Shares of Republic Services, Inc. (NYSE:RSG - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twenty-three ratings firms that are currently covering the company, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $258.16.
A number of research firms have issued reports on RSG. Scotiabank boosted their price target on Republic Services from $250.00 to $260.00 and gave the company a "sector perform" rating in a research report on Friday, July 18th. Citigroup boosted their price target on Republic Services from $265.00 to $278.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Robert W. Baird boosted their price target on Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. National Bank Financial raised Republic Services to a "hold" rating in a research report on Monday, May 26th. Finally, Raymond James Financial upped their target price on Republic Services from $257.00 to $260.00 and gave the stock an "outperform" rating in a research report on Tuesday.
Read Our Latest Report on RSG
Institutional Trading of Republic Services
Several large investors have recently added to or reduced their stakes in RSG. Golden State Wealth Management LLC increased its position in Republic Services by 3,533.3% in the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock valued at $26,000 after acquiring an additional 106 shares during the period. Cranbrook Wealth Management LLC increased its position in shares of Republic Services by 1,222.2% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider's stock valued at $29,000 after purchasing an additional 110 shares during the period. Key Financial Inc increased its position in shares of Republic Services by 380.8% during the 1st quarter. Key Financial Inc now owns 125 shares of the business services provider's stock valued at $30,000 after purchasing an additional 99 shares during the period. TCTC Holdings LLC increased its position in shares of Republic Services by 113.8% during the 1st quarter. TCTC Holdings LLC now owns 124 shares of the business services provider's stock valued at $30,000 after purchasing an additional 66 shares during the period. Finally, Elequin Capital LP acquired a new position in shares of Republic Services during the 1st quarter valued at $30,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.
Republic Services Trading Down 0.0%
Shares of NYSE:RSG traded down $0.10 during midday trading on Thursday, reaching $245.01. The company's stock had a trading volume of 935,930 shares, compared to its average volume of 1,280,555. The firm has a market cap of $76.57 billion, a price-to-earnings ratio of 36.95, a price-to-earnings-growth ratio of 3.69 and a beta of 0.61. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10. Republic Services has a 1 year low of $188.82 and a 1 year high of $258.75. The business has a 50 day moving average price of $247.41 and a 200 day moving average price of $237.09.
Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.05. Republic Services had a return on equity of 18.28% and a net margin of 12.88%. The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the business earned $1.45 earnings per share. The business's revenue for the quarter was up 3.8% on a year-over-year basis. Research analysts forecast that Republic Services will post 6.86 EPS for the current year.
Republic Services Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.02%. This is a boost from Republic Services's previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Thursday, October 2nd. Republic Services's dividend payout ratio is presently 34.99%.
About Republic Services
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Get Free ReportRepublic 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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