Republic Services, Inc. (NYSE:RSG) Receives $246.40 Average Target Price from Analysts

Shares of Republic Services, Inc. (NYSE:RSG) have received a consensus rating of “Moderate Buy” from the twenty-three brokerages that are covering the stock, MarketBeat reports. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $246.40.

Several research analysts recently commented on the company. BMO Capital Markets lowered their target price on Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Citigroup boosted their target price on Republic Services from $244.00 to $253.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Sanford C. Bernstein boosted their target price on Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Republic Services in a research report on Friday, March 27th. Finally, Wells Fargo & Company upped their price objective on Republic Services from $238.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Republic Services by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 19,107,360 shares of the business services provider’s stock worth $4,384,757,000 after acquiring an additional 49,365 shares in the last quarter. State Street Corp boosted its position in shares of Republic Services by 1.7% during the 4th quarter. State Street Corp now owns 9,695,747 shares of the business services provider’s stock worth $2,054,820,000 after acquiring an additional 166,474 shares in the last quarter. Capital World Investors boosted its position in shares of Republic Services by 27.7% during the 4th quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock worth $1,857,698,000 after acquiring an additional 1,899,183 shares in the last quarter. Morgan Stanley boosted its position in shares of Republic Services by 38.6% during the 4th quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock worth $1,133,509,000 after acquiring an additional 1,490,719 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Republic Services by 18.9% in the 4th quarter. Wellington Management Group LLP now owns 5,070,130 shares of the business services provider’s stock valued at $1,074,513,000 after purchasing an additional 807,525 shares during the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Trading Down 1.2%

RSG opened at $220.58 on Tuesday. Republic Services has a 12 month low of $201.42 and a 12 month high of $258.75. The stock has a market capitalization of $68.15 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 3.70 and a beta of 0.53. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64. The business has a fifty day moving average price of $221.87 and a 200 day moving average price of $217.88.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, February 17th. The business services provider reported $1.76 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 firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the previous year, the firm posted $1.58 EPS. Republic Services’s revenue for the quarter was up 2.2% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. Sell-side analysts expect that Republic Services will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Republic Services’s dividend payout ratio is currently 36.79%.

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.