Republic Services (NYSE:RSG) Price Target Raised to $280.00 at BMO Capital Markets

Republic Services (NYSE:RSG) had its price objective lifted by analysts at BMO Capital Markets from $268.00 to $280.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ price target indicates a potential upside of 12.60% from the company’s current price.

Several other equities research analysts have also recently issued reports on RSG. Seaport Res Ptn raised shares of Republic Services to a “strong-buy” rating in a research note on Tuesday, May 6th. Melius began coverage on Republic Services in a report on Monday. They issued a “hold” rating on the stock. Citigroup lifted their price objective on shares of Republic Services from $265.00 to $278.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Royal Bank of Canada restated an “outperform” rating and set a $266.00 price objective on shares of Republic Services in a report on Friday, April 25th. Finally, Cibc World Mkts raised shares of Republic Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Nine analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $251.11.

Republic Services Stock Down 1.7%

Shares of Republic Services stock traded down $4.30 on Monday, reaching $248.67. 383,171 shares of the company were exchanged, compared to its average volume of 1,256,022. Republic Services has a 1-year low of $185.07 and a 1-year high of $258.75. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The company has a market cap of $77.71 billion, a P/E ratio of 38.29, a price-to-earnings-growth ratio of 3.64 and a beta of 0.63. The stock’s 50 day moving average price is $246.33 and its 200-day moving average price is $229.01.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.53 by $0.05. The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.45 earnings per share. As a group, equities analysts forecast that Republic Services will post 6.86 EPS for the current year.

Institutional Trading of Republic Services

Several hedge funds and other institutional investors have recently modified their holdings of the business. Versant Capital Management Inc boosted its holdings in Republic Services by 0.4% in the first quarter. Versant Capital Management Inc now owns 9,973 shares of the business services provider’s stock worth $2,415,000 after purchasing an additional 44 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in Republic Services by 0.5% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 8,648 shares of the business services provider’s stock worth $1,740,000 after purchasing an additional 46 shares during the last quarter. Elevation Point Wealth Partners LLC raised its position in shares of Republic Services by 4.2% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 1,154 shares of the business services provider’s stock valued at $279,000 after acquiring an additional 46 shares during the last quarter. Hemington Wealth Management lifted its stake in Republic Services by 6.2% in the first quarter. Hemington Wealth Management now owns 806 shares of the business services provider’s stock valued at $195,000 after buying an additional 47 shares during the period. Finally, FORA Capital LLC increased its stake in Republic Services by 0.7% in the fourth quarter. FORA Capital LLC now owns 7,659 shares of the business services provider’s stock valued at $1,541,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds 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.