Republic Services, Inc. (NYSE:RSG) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Republic Services, Inc. (NYSE:RSG) have received an average rating of “Moderate Buy” from the twenty-two brokerages that are currently covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $245.70.

A number of analysts recently issued reports on RSG shares. BMO Capital Markets cut their price objective on Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. The Goldman Sachs Group initiated coverage on shares of Republic Services in a research note on Monday, November 24th. They set a “buy” rating and a $255.00 target price for the company. Oppenheimer reduced their price target on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a research note on Friday, January 23rd. Wells Fargo & Company started coverage on shares of Republic Services in a report on Thursday, November 13th. They issued an “overweight” rating and a $238.00 price objective on the stock. Finally, Morgan Stanley dropped their target price on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th.

Hedge Funds Weigh In On Republic Services

Several institutional investors have recently bought and sold shares of RSG. Brighton Jones LLC increased its stake in Republic Services by 75.8% during the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after purchasing an additional 8,547 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Republic Services in the second quarter valued at approximately $404,000. Arkadios Wealth Advisors acquired a new position in shares of Republic Services in the second quarter valued at approximately $253,000. NewSquare Capital LLC lifted its holdings in Republic Services by 68.5% during the 2nd quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock worth $30,000 after buying an additional 50 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in Republic Services by 21.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 751 shares of the business services provider’s stock valued at $185,000 after buying an additional 131 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Down 3.1%

RSG stock opened at $223.11 on Friday. Republic Services has a one year low of $201.42 and a one year high of $258.75. The firm has a market cap of $68.90 billion, a PE ratio of 32.57, a PEG ratio of 3.80 and a beta of 0.54. The firm’s 50 day moving average price is $218.57 and its 200-day moving average price is $219.21. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.14. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter last year, the firm earned $1.58 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, equities research analysts anticipate that Republic Services will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be paid a $0.625 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. Republic Services’s payout ratio is presently 36.50%.

About Republic Services

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.