Republic Services, Inc. (NYSE:RSG) Receives $250.44 Consensus PT from Analysts

Shares of Republic Services, Inc. (NYSE:RSG - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twenty-one brokerages that are currently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $250.44.

RSG has been the topic of several research analyst reports. UBS Group boosted their price target on Republic Services from $240.00 to $250.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. Robert W. Baird increased their price target on shares of Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Stifel Nicolaus raised their price target on shares of Republic Services from $240.00 to $257.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Argus set a $260.00 price objective on shares of Republic Services in a report on Tuesday, February 18th. Finally, Truist Financial raised their target price on shares of Republic Services from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd.

Republic Services Stock Down 0.5%

Shares of RSG traded down $1.20 during mid-day trading on Wednesday, hitting $252.92. 1,182,506 shares of the company traded hands, compared to its average volume of 1,270,066. The company has a market capitalization of $79.04 billion, a PE ratio of 38.97, a price-to-earnings-growth ratio of 3.64 and a beta of 0.63. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The business has a 50 day moving average of $245.93 and a 200 day moving average of $228.20. Republic Services has a 1-year low of $185.07 and a 1-year high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.05. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. Republic Services's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.45 EPS. Equities research analysts anticipate that Republic Services will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's payout ratio is presently 34.99%.

Institutional Trading of Republic Services

Several institutional investors have recently modified their holdings of RSG. Golden State Wealth Management LLC lifted its stake 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 buying an additional 106 shares in the last quarter. TCTC Holdings LLC lifted its position in shares of Republic Services by 113.8% in the first quarter. TCTC Holdings LLC now owns 124 shares of the business services provider's stock valued at $30,000 after acquiring an additional 66 shares in the last quarter. Key Financial Inc boosted its stake in shares of Republic Services by 380.8% in the first quarter. Key Financial Inc now owns 125 shares of the business services provider's stock worth $30,000 after acquiring an additional 99 shares during the last quarter. Elequin Capital LP purchased a new stake in shares of Republic Services during the first quarter worth approximately $30,000. Finally, Arcadia Investment Management Corp MI increased its position in shares of Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock worth $27,000 after purchasing an additional 88 shares in the last quarter. Institutional investors and hedge funds 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.