Republic Services (NYSE:RSG) Price Target Raised to $252.00 at Wells Fargo & Company

Republic Services (NYSE:RSG) had its price objective increased by research analysts at Wells Fargo & Company from $238.00 to $252.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 12.19% from the stock’s current price.

A number of other equities analysts also recently commented on RSG. Sanford C. Bernstein lifted their price objective on shares of Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a report on Monday, January 5th. Bank of America decreased their price target on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a report on Monday, December 22nd. UBS Group boosted their price objective on shares of Republic Services from $225.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Citigroup raised their target price on shares of Republic Services from $244.00 to $253.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Finally, Wolfe Research initiated coverage on Republic Services in a research note on Friday, March 13th. They issued a “peer perform” rating for the company. Thirteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $246.40.

Republic Services Trading Up 0.2%

Shares of NYSE RSG opened at $224.62 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08. The stock’s 50 day moving average price is $219.87 and its two-hundred day moving average price is $218.89. Republic Services has a 52-week low of $201.42 and a 52-week high of $258.75. The stock has a market capitalization of $69.36 billion, a P/E ratio of 32.79, a PEG ratio of 3.71 and a beta of 0.54.

Republic Services (NYSE:RSG) last issued its earnings results on Tuesday, February 17th. The business services provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.62 by $0.14. The company had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.21 billion. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.58 EPS. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, analysts anticipate that Republic Services will post 6.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Consulate Inc. acquired a new stake in shares of Republic Services in the third quarter valued at approximately $25,000. Laurel Wealth Advisors LLC acquired a new position in shares of Republic Services during the fourth quarter worth approximately $25,000. Wealth Watch Advisors INC bought a new position in Republic Services in the 3rd quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC increased its position in Republic Services by 121.8% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 67 shares during the period. Finally, Ameriflex Group Inc. bought a new stake in Republic Services during the 3rd quarter valued at $29,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Company Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.