Republic Services, Inc. (NYSE:RSG) Given Average Recommendation of “Moderate Buy” by Analysts

Republic Services, Inc. (NYSE:RSG) has been given an average rating of “Moderate Buy” by the eighteen research firms that are currently covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $215.71.

Several equities research analysts recently issued reports on the stock. Oppenheimer raised their target price on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Raymond James reduced their target price on Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Royal Bank of Canada increased their price target on Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Republic Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Truist Financial raised their target price on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th.

Republic Services Stock Down 0.7 %

RSG stock opened at $208.03 on Friday. The company has a market cap of $65.15 billion, a price-to-earnings ratio of 33.28, a P/E/G ratio of 3.28 and a beta of 0.70. Republic Services has a twelve month low of $157.46 and a twelve month high of $216.18. The business has a 50 day moving average price of $203.74 and a two-hundred day moving average price of $197.87. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services (NYSE:RSG) last issued its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.54 earnings per share. Analysts anticipate that Republic Services will post 6.24 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Thursday, January 2nd. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

Hedge Funds Weigh In On Republic Services

Several hedge funds have recently bought and sold shares of RSG. FSA Wealth Management LLC bought a new position in shares of Republic Services in the 3rd quarter valued at $25,000. Wolff Wiese Magana LLC grew its position in Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 109 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Republic Services in the first quarter worth about $29,000. Webster Bank N. A. acquired a new stake in shares of Republic Services in the 3rd quarter valued at approximately $31,000. Finally, Truvestments Capital LLC bought a new stake in shares of Republic Services during the 3rd quarter valued at approximately $34,000. 57.73% of the stock is owned by institutional investors.

Republic Services Company Profile

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.