Republic Services (NYSE:RSG) Price Target Raised to $260.00 at Raymond James Financial

Republic Services (NYSE:RSG - Get Free Report) had its price target hoisted by Raymond James Financial from $257.00 to $260.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the business services provider's stock. Raymond James Financial's target price indicates a potential upside of 7.76% from the stock's previous close.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. lifted their target price on Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Truist Financial boosted their target price on Republic Services from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. UBS Group boosted their target price on Republic Services from $240.00 to $250.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. BMO Capital Markets reissued an "outperform" rating and issued a $280.00 target price (up from $268.00) on shares of Republic Services in a report on Monday, June 9th. Finally, National Bank Financial upgraded shares of Republic Services to a "hold" rating in a research report on Monday, May 26th. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $258.16.

Republic Services Stock Up 0.5%

RSG traded up $1.23 during trading on Tuesday, reaching $241.27. 376,108 shares of the stock traded hands, compared to its average volume of 1,156,846. The stock has a market cap of $75.40 billion, a price-to-earnings ratio of 36.38, a price-to-earnings-growth ratio of 3.65 and a beta of 0.61. Republic Services has a fifty-two week low of $188.82 and a fifty-two week high of $258.75. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.66 and a quick ratio of 0.66. The stock's 50-day simple moving average is $247.26 and its two-hundred day simple moving average is $236.43.

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

Institutional Investors Weigh In On Republic Services

A number of institutional investors and hedge funds have recently modified their holdings of the company. Brighton Jones LLC raised its holdings in Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider's stock valued at $3,988,000 after acquiring an additional 8,547 shares during the period. LPL Financial LLC boosted its position in shares of Republic Services by 12.8% during the 4th quarter. LPL Financial LLC now owns 358,348 shares of the business services provider's stock worth $72,092,000 after acquiring an additional 40,634 shares in the last quarter. Vanguard Group Inc. boosted its position in Republic Services by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 18,590,728 shares of the business services provider's stock valued at $3,740,083,000 after buying an additional 144,719 shares in the last quarter. Corebridge Financial Inc. boosted its position in Republic Services by 8.2% in the fourth quarter. Corebridge Financial Inc. now owns 64,961 shares of the business services provider's stock valued at $13,069,000 after buying an additional 4,941 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new stake in Republic Services in the fourth quarter valued at approximately $151,000. 57.73% of the stock is owned by institutional investors.

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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