Republic Services (NYSE:RSG) Given a $260.00 Price Target at UBS Group

Key Points

• UBS Group raised its price target for Republic Services from $250.00 to $260.00, indicating a potential upside of 10.41% based on the company's previous close.
• Analyst ratings for Republic Services show a consensus of 12 buy ratings, 10 hold ratings, and 2 strong buy ratings, reflecting a Moderate Buy consensus.
• Republic Services reported $1.77 EPS for the last quarter, slightly exceeding analysts' expectations, with a 4.6% year-over-year revenue increase.

Republic Services (NYSE:RSG - Get Free Report) has been assigned a $260.00 target price by equities research analysts at UBS Group in a note issued to investors on Wednesday, MarketBeat.com reports. The brokerage presently has a "neutral" rating on the business services provider's stock. UBS Group's price objective suggests a potential upside of 12.44% from the company's current price.

RSG has been the subject of several other reports. Truist Financial lifted their price objective on shares of Republic Services from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. lifted their price target on Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Seaport Res Ptn upgraded Republic Services to a "strong-buy" rating in a research report on Tuesday, May 6th. National Bank Financial upgraded shares of Republic Services to a "hold" rating in a research report on Monday, May 26th. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $280.00 price target (up previously from $268.00) on shares of Republic Services in a report on Monday, June 9th. Ten 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $258.89.

Republic Services Stock Performance

Shares of RSG stock opened at $231.24 on Wednesday. Republic Services has a 1 year low of $193.75 and a 1 year high of $258.75. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market cap of $72.20 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 3.60 and a beta of 0.60. The stock's 50-day moving average is $245.82 and its two-hundred day moving average is $238.39.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.01. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. Republic Services's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.61 earnings per share. Analysts predict that Republic Services will post 6.86 earnings per share for the current year.

Institutional Investors Weigh In On Republic Services

A number of institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC grew its position in shares of 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 worth $26,000 after acquiring an additional 106 shares in the last quarter. Capital Management Associates Inc acquired a new position in Republic Services in the first quarter worth $314,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Republic Services by 0.7% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 563,253 shares of the business services provider's stock worth $136,397,000 after purchasing an additional 4,110 shares during the period. Uniting Wealth Partners LLC bought a new position in shares of Republic Services in the 4th quarter worth about $266,000. Finally, Sowell Financial Services LLC acquired a new position in shares of Republic Services in the 1st quarter valued at about $260,000. 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.