TD Cowen Raises Republic Services (NYSE:RSG) Price Target to $200.00

Republic Services (NYSE:RSG) had its price objective boosted by investment analysts at TD Cowen from $195.00 to $200.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the business services provider’s stock. TD Cowen’s target price would suggest a potential upside of 2.95% from the company’s current price.

RSG has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft initiated coverage on Republic Services in a research report on Thursday, May 23rd. They issued a “hold” rating and a $203.00 price target on the stock. UBS Group boosted their price target on Republic Services from $195.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Truist Financial raised Republic Services from a “hold” rating to a “buy” rating and boosted their price target for the stock from $192.00 to $220.00 in a research report on Thursday, July 11th. CIBC upped their price objective on Republic Services from $196.00 to $208.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Finally, Raymond James lowered their price objective on Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $211.00.

Republic Services Stock Down 2.9 %

Shares of RSG stock traded down $5.73 during midday trading on Monday, reaching $194.27. 1,131,049 shares of the stock were exchanged, compared to its average volume of 1,218,621. Republic Services has a 1 year low of $140.23 and a 1 year high of $206.54. The company’s 50 day moving average is $193.12 and its two-hundred day moving average is $187.21. 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 firm has a market cap of $61.18 billion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 3.18 and a beta of 0.69.

Insider Transactions at Republic Services

In related news, Director Katharine Weymouth acquired 540 shares of Republic Services stock in a transaction dated 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 purchase, the director now directly owns 540 shares of the company’s stock, valued at approximately $100,040.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Republic Services

A number of institutional investors have recently bought and sold shares of RSG. International Assets Investment Management LLC boosted its holdings in shares of Republic Services by 34,679.9% during the 4th quarter. International Assets Investment Management LLC now owns 185,029 shares of the business services provider’s stock valued at $30,513,000 after purchasing an additional 184,497 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Republic Services by 35.2% during the 4th quarter. Allworth Financial LP now owns 699 shares of the business services provider’s stock valued at $115,000 after purchasing an additional 182 shares during the last quarter. Stratos Wealth Advisors LLC boosted its holdings in shares of Republic Services by 4.2% during the 4th quarter. Stratos Wealth Advisors LLC now owns 1,914 shares of the business services provider’s stock valued at $316,000 after purchasing an additional 78 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Republic Services by 2.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 46,246 shares of the business services provider’s stock valued at $7,626,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Confluence Wealth Services Inc. bought a new position in shares of Republic Services during the 4th quarter valued at about $303,000. Hedge funds and other 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.