Oppenheimer Increases Republic Services (NYSE:RSG) Price Target to $219.00

Republic Services (NYSE:RSG) had its price target hoisted by Oppenheimer from $210.00 to $219.00 in a research report released on Monday, Benzinga reports. Oppenheimer currently has an outperform rating on the business services provider’s stock.

A number of other analysts also recently weighed in on RSG. Scotiabank started coverage on Republic Services in a report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price objective for the company. William Blair assumed coverage on Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. BMO Capital Markets increased their target price on shares of Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. CIBC boosted their price target on shares of Republic Services from $196.00 to $208.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Finally, Truist Financial raised shares of Republic Services from a “hold” rating to a “buy” rating and lifted their target price for the stock from $192.00 to $220.00 in a research note on Thursday, July 11th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and a consensus price target of $212.18.

Republic Services Price Performance

Republic Services stock opened at $203.98 on Monday. The company has a market capitalization of $64.24 billion, a PE ratio of 35.79, a P/E/G ratio of 3.29 and a beta of 0.69. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. The stock has a 50-day moving average price of $204.11 and a two-hundred day moving average price of $196.23. Republic Services has a 12 month low of $142.65 and a 12 month high of $208.69.

Republic Services (NYSE:RSG) last posted its earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.03 billion. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. Analysts expect that Republic Services will post 6.18 EPS for the current year.

Insider Activity at Republic Services

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the transaction, the director now directly owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. TD Asset Management Inc raised its position in Republic Services by 424.7% in the 1st quarter. TD Asset Management Inc now owns 1,722,107 shares of the business services provider’s stock valued at $329,680,000 after buying an additional 1,393,918 shares during the last quarter. Capital World Investors lifted its position in shares of Republic Services by 20.5% during the first quarter. Capital World Investors now owns 7,909,008 shares of the business services provider’s stock valued at $1,514,100,000 after purchasing an additional 1,346,588 shares in the last quarter. M&G Plc bought a new stake in Republic Services in the 1st quarter worth about $130,892,000. International Assets Investment Management LLC increased its stake in Republic Services by 83,671.9% in the 3rd quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider’s stock valued at $108,183,000 after buying an additional 538,010 shares during the last quarter. Finally, Earnest Partners LLC lifted its position in shares of Republic Services by 16.9% during the 1st quarter. Earnest Partners LLC now owns 1,262,519 shares of the business services provider’s stock worth $241,697,000 after buying an additional 182,645 shares in the last quarter. Institutional investors 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.