Republic Services, Inc. (NYSE:RSG) Receives $248.82 Average Target Price from Analysts

Republic Services, Inc. (NYSE:RSG) has been assigned an average recommendation of “Moderate Buy” from the twenty-three brokerages that are covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $248.8182.

RSG has been the topic of a number of recent analyst reports. Oppenheimer cut their target price on Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a research report on Friday, January 23rd. JPMorgan Chase & Co. reduced their price target on shares of Republic Services from $260.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Jefferies Financial Group set a $248.00 target price on Republic Services and gave the stock a “buy” rating in a research report on Monday, November 3rd. Bank of America dropped their price target on Republic Services from $271.00 to $241.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. Finally, Barclays lowered their target price on Republic Services from $237.00 to $236.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th.

Insiders Place Their Bets

In related news, Director Katharine Weymouth bought 478 shares of Republic Services stock in a transaction that occurred on Tuesday, December 9th. The stock was purchased at an average cost of $209.46 per share, for a total transaction of $100,121.88. Following the acquisition, the director owned 5,740 shares in the company, valued at $1,202,300.40. This trade represents a 9.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.11% of the stock is currently owned by company insiders.

Institutional Trading of Republic Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC increased its holdings in Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after purchasing an additional 8,547 shares in the last quarter. IFP Advisors Inc increased its position in Republic Services by 33.6% in the 2nd quarter. IFP Advisors Inc now owns 2,264 shares of the business services provider’s stock valued at $558,000 after acquiring an additional 569 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Republic Services by 6.5% in the second quarter. Blue Trust Inc. now owns 4,304 shares of the business services provider’s stock worth $1,061,000 after acquiring an additional 263 shares during the last quarter. PDS Planning Inc lifted its position in shares of Republic Services by 5.5% during the second quarter. PDS Planning Inc now owns 1,678 shares of the business services provider’s stock worth $414,000 after purchasing an additional 88 shares in the last quarter. Finally, Aberdeen Group plc grew its stake in shares of Republic Services by 5.8% during the second quarter. Aberdeen Group plc now owns 122,299 shares of the business services provider’s stock valued at $29,963,000 after purchasing an additional 6,701 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Price Performance

Shares of NYSE RSG opened at $225.93 on Monday. The firm has a 50-day moving average of $214.12 and a two-hundred day moving average of $220.61. The company has a market capitalization of $69.94 billion, a price-to-earnings ratio of 33.62, a PEG ratio of 3.64 and a beta of 0.54. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. Republic Services has a twelve month low of $201.42 and a twelve month high of $258.75.

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.