BB&T upgraded shares of Republic Services (NYSE: RSG) from a hold rating to a buy rating in a report released on Wednesday, TheFlyOnTheWall.com reports. BB&T currently has $38.00 target price on the stock.
Republic Services (NYSE: RSG) traded up 0.27% on Wednesday, hitting $31.985. Republic Services has a 1-year low of $25.15 and a 1-year high of $32.40. The stock’s 50-day moving average is currently $31.35. The company has a market cap of $11.598 billion and a price-to-earnings ratio of 20.58.
The company also recently announced a quarterly dividend, which is scheduled for Monday, April 15th. Shareholders of record on Monday, April 1st will be paid a dividend of $0.24 per share. This represents a $0.94 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Wednesday, March 27th.
Separately, analysts at Zacks upgraded shares of Republic Services from an underperform rating to a neutral rating in a research note to investors on Friday, February 8th. They now have a $33.00 price target on the stock.
Six investment analysts have rated the stock with a buy rating, and five have given a hold rating to the company. The stock presently has a consensus rating of overweight and an average price target of $35.80.
Republic Services, Inc. (Republic) is a provider of services in the domestic non-hazardous solid waste industry.
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