Republic Services (NYSE:RSG) Price Target Raised to $204.00 at Oppenheimer

Republic Services (NYSE:RSG) had its target price hoisted by Oppenheimer from $202.00 to $204.00 in a research note issued to investors on Wednesday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the business services provider’s stock.

A number of other analysts have also issued reports on RSG. Morgan Stanley lowered shares of Republic Services from an overweight rating to an equal weight rating and set a $199.00 target price for the company. in a research note on Friday, March 15th. Scotiabank began coverage on Republic Services in a research note on Monday, April 8th. They issued a sector perform rating and a $211.00 price objective on the stock. BMO Capital Markets lifted their target price on Republic Services from $173.00 to $195.00 and gave the company a market perform rating in a research report on Wednesday, February 28th. Citigroup increased their target price on shares of Republic Services from $190.00 to $215.00 and gave the stock a buy rating in a report on Thursday, February 29th. Finally, Jefferies Financial Group boosted their price target on shares of Republic Services from $213.00 to $225.00 and gave the company a buy rating in a report on Monday, March 18th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $201.00.

Republic Services Stock Performance

Republic Services stock opened at $186.00 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market capitalization of $58.59 billion, a P/E ratio of 32.63, a price-to-earnings-growth ratio of 3.35 and a beta of 0.67. Republic Services has a 1-year low of $140.07 and a 1-year high of $196.76. The company’s 50-day moving average is $187.94 and its 200 day moving average is $171.57.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.10. Republic Services had a return on equity of 17.75% and a net margin of 11.81%. The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the prior year, the business posted $1.24 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Research analysts forecast that Republic Services will post 6.01 EPS for the current year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be paid a $0.535 dividend. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $2.14 annualized dividend and a yield of 1.15%. Republic Services’s dividend payout ratio (DPR) is 37.54%.

Insider Transactions at Republic Services

In other news, CEO Ark Jon Vander sold 5,446 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $184.10, for a total value of $1,002,608.60. Following the completion of the sale, the chief executive officer now owns 85,113 shares of the company’s stock, valued at approximately $15,669,303.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Institutional Trading of Republic Services

A number of institutional investors have recently bought and sold shares of RSG. Capital Advisors Ltd. LLC raised its holdings in shares of Republic Services by 2.9% in the first quarter. Capital Advisors Ltd. LLC now owns 1,903 shares of the business services provider’s stock worth $364,000 after buying an additional 54 shares during the last quarter. Raleigh Capital Management Inc. raised its stake in Republic Services by 19.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 357 shares of the business services provider’s stock worth $59,000 after acquiring an additional 59 shares during the last quarter. ETF Store Inc. lifted its position in Republic Services by 3.5% during the 1st quarter. ETF Store Inc. now owns 1,743 shares of the business services provider’s stock worth $334,000 after acquiring an additional 59 shares during the period. Scotia Capital Inc. grew its stake in Republic Services by 2.4% during the 4th quarter. Scotia Capital Inc. now owns 2,708 shares of the business services provider’s stock valued at $447,000 after purchasing an additional 64 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Republic Services by 0.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,150 shares of the business services provider’s stock valued at $4,147,000 after purchasing an additional 66 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

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.