Robert W. Baird Issues Positive Forecast for Republic Services (NYSE:RSG) Stock Price

Republic Services (NYSE:RSG) had its target price hoisted by Robert W. Baird from $242.00 to $245.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s target price would indicate a potential upside of 6.25% from the stock’s current price.

Several other brokerages have also recently issued reports on RSG. Canadian Imperial Bank of Commerce decreased their price target on shares of Republic Services from $249.00 to $240.00 and set an “outperform” rating for the company in a research report on Thursday, October 8th. Wolfe Research began coverage on shares of Republic Services in a report on Tuesday, September 15th. They set a “peer perform” rating on the stock. The Goldman Sachs Group cut their price target on shares of Republic Services from $256.00 to $246.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Raymond James Financial set a $235.00 price objective on shares of Republic Services in a research note on Friday, October 9th. Finally, Scotiabank restated a “sector perform” rating and issued a $236.00 price objective on shares of Republic Services in a report on Thursday, October 15th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $243.73.

Republic Services Price Performance

Republic Services stock opened at $230.58 on Thursday. The stock has a 50-day moving average price of $219.53 and a two-hundred day moving average price of $214.22. Republic Services has a 12 month low of $196.41 and a 12 month high of $233.42. The company has a market capitalization of $70.61 billion, a PE ratio of 32.66, a P/E/G ratio of 3.74 and a beta of 0.39. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the previous year, the business posted $1.77 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Analysts expect that Republic Services will post 7.26 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Cascade Investment, L.L.C. acquired 324,810 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were purchased at an average price of $222.89 per share, for a total transaction of $72,396,900.90. Following the completion of the acquisition, the insider owned 117,058,444 shares of the company’s stock, valued at approximately $26,091,156,583.16. This trade represents a 0.28% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have acquired 6,254,462 shares of company stock valued at $1,380,321,958 over the last ninety days. Insiders own 0.12% of the company’s stock.

Institutional Trading of Republic Services

Several large investors have recently made changes to their positions in RSG. BlackRock Inc. bought a new stake in Republic Services in the 2nd quarter valued at about $3,798,092,000. Bank of America Corp DE bought a new position in Republic Services in the second quarter worth approximately $682,573,000. Legal & General Group Plc bought a new position in Republic Services in the second quarter worth approximately $245,506,000. Deutsche Bank AG acquired a new stake in Republic Services in the second quarter valued at approximately $236,628,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Republic Services during the second quarter valued at approximately $220,527,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Company Profile

Republic Services, Inc is an environmental services company that provides waste collection, recycling and disposal solutions for residential, commercial, industrial and municipal customers. Its services include curbside collection, dumpster and roll-off container services, transfer station operations, landfill management and recycling processing.

The company also provides specialized environmental services, including hazardous waste management, emergency response, remediation and other sustainability-related solutions for businesses and government organizations.