Barclays PLC reiterated their neutral rating on shares of Republic Services, Inc. (NYSE:RSG) in a research note released on Friday.

A number of other research firms have also commented on RSG. Zacks Investment Research raised Republic Services from a hold rating to a buy rating and set a $72.00 price objective on the stock in a research note on Friday, July 14th. BMO Capital Markets lifted their price objective on Republic Services from $71.00 to $72.00 and gave the stock an outperform rating in a research note on Friday. Stifel Nicolaus reaffirmed a buy rating and issued a $73.00 price objective on shares of Republic Services in a research note on Wednesday, July 19th. Wedbush lifted their price objective on Republic Services from $62.00 to $66.00 and gave the stock a neutral rating in a research note on Thursday, March 30th. Finally, Credit Suisse Group set a $63.00 price objective on Republic Services and gave the stock a hold rating in a research note on Sunday, April 30th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $68.60.

Shares of Republic Services (NYSE:RSG) opened at 64.22 on Friday. Republic Services has a 52 week low of $49.18 and a 52 week high of $65.54. The stock has a 50 day moving average price of $64.36 and a 200-day moving average price of $62.28. The company has a market capitalization of $21.63 billion, a PE ratio of 32.97 and a beta of 0.59.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.02. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. Republic Services had a return on equity of 10.42% and a net margin of 6.86%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 earnings per share. Equities research analysts expect that Republic Services will post $2.38 EPS for the current year.

WARNING: This piece of content was reported by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://www.watchlistnews.com/republic-services-inc-nysersg-receives-neutral-rating-from-barclays-plc/1464943.html.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be issued a $0.345 dividend. This is an increase from Republic Services’s previous quarterly dividend of $0.32. This represents a $1.38 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Friday, September 29th. Republic Services’s payout ratio is presently 65.64%.

A number of large investors have recently modified their holdings of RSG. DnB Asset Management AS increased its stake in shares of Republic Services by 29.9% in the first quarter. DnB Asset Management AS now owns 31,683 shares of the business services provider’s stock worth $1,990,000 after buying an additional 7,300 shares during the last quarter. Washington Trust Bank increased its stake in shares of Republic Services by 1.1% in the first quarter. Washington Trust Bank now owns 86,210 shares of the business services provider’s stock worth $5,415,000 after buying an additional 945 shares during the last quarter. Cribstone Capital Management LLC acquired a new stake in shares of Republic Services during the first quarter worth $121,000. Fox Run Management L.L.C. acquired a new stake in shares of Republic Services during the first quarter worth $204,000. Finally, TNB Financial acquired a new stake in shares of Republic Services during the first quarter worth $277,000. Institutional investors and hedge funds own 61.58% of the company’s stock.

Republic Services Company Profile

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.

Analyst Recommendations for Republic Services (NYSE:RSG)

Receive News & Ratings for Republic Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.