Republic Services (NYSE:RSG) Given New $268.00 Price Target at Oppenheimer

Republic Services (NYSE:RSG - Get Free Report) had its price objective raised by stock analysts at Oppenheimer from $262.00 to $268.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the business services provider's stock. Oppenheimer's price objective points to a potential upside of 12.14% from the stock's previous close.

Several other research analysts have also commented on the company. JPMorgan Chase & Co. boosted their price target on Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Scotiabank boosted their target price on Republic Services from $233.00 to $250.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 8th. Morgan Stanley boosted their target price on Republic Services from $230.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Friday, April 25th. National Bank Financial upgraded Republic Services to a "hold" rating in a research note on Monday, May 26th. Finally, Raymond James Financial restated an "outperform" rating on shares of Republic Services in a research note on Wednesday, April 16th. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $255.21.

Republic Services Trading Down 1.4%

Shares of NYSE RSG opened at $239.00 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10. The business has a fifty day simple moving average of $248.73 and a two-hundred day simple moving average of $234.04. The firm has a market cap of $74.69 billion, a PE ratio of 36.05, a price-to-earnings-growth ratio of 3.72 and a beta of 0.61. Republic Services has a twelve month low of $188.82 and a twelve month high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.05. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.88%. Republic Services's revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 EPS. Analysts expect that Republic Services will post 6.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Republic Services

Hedge funds have recently bought and sold shares of the business. DnB Asset Management AS boosted its position in Republic Services by 65.1% during the fourth quarter. DnB Asset Management AS now owns 72,931 shares of the business services provider's stock worth $14,672,000 after purchasing an additional 28,764 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of Republic Services by 3,533.3% in the first 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 in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Republic Services by 0.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 563,253 shares of the business services provider's stock valued at $136,397,000 after acquiring an additional 4,110 shares in the last quarter. Uniting Wealth Partners LLC purchased a new position in shares of Republic Services in the fourth quarter valued at approximately $266,000. Finally, Sowell Financial Services LLC purchased a new position in shares of Republic Services in the first quarter valued at approximately $260,000. 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.

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