Republic Services (NYSE:RSG) Price Target Increased to $211.00 by Analysts at Royal Bank of Canada

Republic Services (NYSE:RSG) had its price target lifted by Royal Bank of Canada from $201.00 to $211.00 in a research report report published on Thursday, Benzinga reports. The firm currently has a sector perform rating on the business services provider’s stock.

RSG has been the subject of several other research reports. Oppenheimer reduced their price target on shares of Republic Services from $211.00 to $210.00 and set an outperform rating for the company in a report on Thursday. The Goldman Sachs Group increased their target price on shares of Republic Services from $209.00 to $230.00 and gave the stock a buy rating in a report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Republic Services in a report on Thursday, May 23rd. They set a hold rating and a $203.00 target price for the company. Scotiabank increased their price target on shares of Republic Services from $211.00 to $213.00 and gave the company a sector perform rating in a research note on Wednesday, May 1st. Finally, StockNews.com cut shares of Republic Services from a strong-buy rating to a buy rating in a research note on Wednesday. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Republic Services presently has an average rating of Moderate Buy and a consensus price target of $211.69.

Republic Services Price Performance

Shares of RSG stock opened at $189.34 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $59.63 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 3.38 and a beta of 0.69. The firm’s 50 day moving average is $192.20 and its 200-day moving average is $185.67. Republic Services has a 1 year low of $140.23 and a 1 year high of $206.54.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. Republic Services had a net margin of 12.11% and a return on equity of 18.00%. Republic Services’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.24 earnings per share. Sell-side analysts forecast that Republic Services will post 6.05 EPS for the current fiscal year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.23%. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. The ex-dividend date is Wednesday, October 2nd. Republic Services’s dividend payout ratio (DPR) is currently 37.54%.

Insider Buying and Selling

In other Republic Services news, Director Katharine Weymouth purchased 540 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average cost of $185.26 per share, with a total value of $100,040.40. Following the completion of the transaction, the director now owns 540 shares in the company, valued at $100,040.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Republic Services news, CMO Amanda Hodges sold 6,500 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.02, for a total value of $1,209,130.00. Following the transaction, the chief marketing officer now directly owns 6,831 shares of the company’s stock, valued at approximately $1,270,702.62. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Katharine Weymouth bought 540 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was purchased at an average cost of $185.26 per share, for a total transaction of $100,040.40. Following the completion of the acquisition, the director now owns 540 shares in the company, valued at $100,040.40. The disclosure for this purchase can be found here. 0.09% of the stock is owned by insiders.

Hedge Funds Weigh In On Republic Services

Hedge funds have recently bought and sold shares of the company. YHB Investment Advisors Inc. bought a new position in Republic Services in the 1st quarter valued at about $29,000. EntryPoint Capital LLC acquired a new stake in Republic Services during the 1st quarter worth approximately $29,000. Bogart Wealth LLC acquired a new stake in Republic Services during the 4th quarter worth approximately $30,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Republic Services during the 4th quarter worth approximately $34,000. Finally, Jones Financial Companies Lllp boosted its position in Republic Services by 3,014.3% during the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock worth $36,000 after buying an additional 211 shares during the period. 57.73% of the stock is owned by institutional investors.

Republic Services Company Profile

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.