Stocks of Republic Services Inc. (NYSE:RSG) traded higher last session on Wall Street, down -0.26% to $151.11.
According to the data, Republic Services Inc. (NYSE:RSG) has 22 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $177.00 and a low of $145.00, we find $158.00. Given the previous closing price of $151.50, this indicates a potential upside of 4.29 percent. RSG stock price is now 2.54% away from the 50-day moving average and 10.94% away from the 200-day moving average. The market capitalization of the company currently stands at $47.82B.
A total of 10 analysts have issued a hold rating and 9 have given it a buy rating. Brokers who have rated the stock have averaged $159.56 as their price target over the next twelve months.
With the price target of $177, Citigroup recently initiated with Buy rating for Republic Services Inc. (NYSE: RSG).
In other news, Collins Tomago, Director sold 1,545 shares of the company’s stock on Mar 22. The stock was sold for $202,044 at an average price of $130.77. Upon completion of the transaction, the Director now directly owns 10,604 shares in the company, valued at $1.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 16, Director Weymouth Katharine sold 4,304 shares of the business’s stock. A total of $574,855 was realized by selling the stock at an average price of $133.56. Insiders disposed of 91,855 shares of company stock worth roughly $13.88 million over the past 1 year. A total of 0.11% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RSG stock. A new stake in Republic Services Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $94,824,000. LOMBARD ODIER ASSET MANAGEMENT (EUROPE) LTD invested $25,853,000 in shares of RSG during the first quarter. In the first quarter, VERDE SERVICOS INTERNACIONAIS S.A. acquired a new stake in Republic Services Inc. valued at approximately $15,211,000. SODITIC ASSET MANAGEMENT LLP acquired a new stake in RSG for approximately $6,573,000. GREENLAND CAPITAL MANAGEMENT LP purchased a new stake in RSG valued at around $5,818,000 in the second quarter. In total, there are 1,363 active investors with 95.80% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $151.20 for Republic Services Inc. (NYSE: RSG). During the past 12 months, Republic Services Inc. has had a low of $120.58 and a high of $155.94. As of last week, the company has a debt-to-equity ratio of 1.20, a current ratio of 0.70, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $59.99B, which is based on a 31.53 price-to-earnings ratio, a 3.55 price-to-earnings-growth ratio, and a beta of 0.67. The fifty day moving average price for RSG is $147.48 and a two-hundred day moving average price translates $136.31 for the stock.
The latest earnings results from Republic Services Inc. (NYSE: RSG) was released for Mar, 2023. According to the Waste Management Company, earnings per share came in at $1.24, beating analysts’ expectations of $1.13 by 0.11. This compares to $1.11 EPS in the same period last year. The net profit margin was 10.80% and return on equity was 15.90% for RSG. The company reported revenue of $3.58 billion for the quarter, compared to $2.97 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.57 percent. For the current quarter, analysts expect RSG to generate $3.73B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/13/2023. Investors who held shares on 10/02/2023 were paid a $0.535 dividend. On an annualized basis, this represents a $1.98 dividend and a 1.31% percent yield. There was an ex-dividend date of 09/29/2023 for this dividend. In terms of dividend payout ratio, RSG is presently at 40.50%.
Republic Services Inc.(RSG) Company Profile
Republic Services, Inc., together with its subsidiaries, offers environmental services in the United States. 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. Its residential collection services include curbside collection of material for transport to transfer stations, landfills, recycling centers, and organics processing facilities; supply of recycling and waste containers; and renting of compactors. The company also engages in the processing and sale of old corrugated containers, old newsprint, aluminum, glass, and other materials; and provision of landfill services. It serves small-container, large-container, and residential customers. As of December 31, 2022, the company operated through 353 collection operations, 233 transfer stations, 206 active landfills, 71 recycling centers, 6 saltwater disposal wells, and 7 deep injection wells, as well as 3 treatment, recovery, and disposal facilities in 41 states; and 20 treatment, storage, and disposal facilities. It also operates 73 landfill gas-to-energy and renewable energy projects, and 12 closed landfills. The company was incorporated in 1996 and is based in Phoenix, Arizona.
