Republic Services, Inc. (RSG) Receives Consensus Rating of “Hold” from Analysts
Shares of Republic Services, Inc. (NYSE:RSG) have been given a consensus rating of “Hold” by the ten analysts that are covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $71.00.
A number of equities analysts have recently issued reports on the stock. Credit Suisse Group AG set a $63.00 price objective on shares of Republic Services and gave the company a “hold” rating in a research note on Sunday, April 30th. Zacks Investment Research downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Barclays PLC reiterated a “hold” rating and set a $59.00 price objective on shares of Republic Services in a research note on Friday, April 28th. Stifel Nicolaus reiterated a “buy” rating and set a $73.00 price objective on shares of Republic Services in a research note on Wednesday, July 19th. Finally, BMO Capital Markets increased their price objective on shares of Republic Services from $71.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, July 28th.
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Shares of Republic Services (RSG) traded down 0.06% during mid-day trading on Tuesday, hitting $64.56. The stock had a trading volume of 495,129 shares. The stock has a market cap of $21.74 billion, a P/E ratio of 33.14 and a beta of 0.58. The company’s 50 day moving average is $64.40 and its 200-day moving average is $62.81. Republic Services has a 52-week low of $49.18 and a 52-week high of $65.54.
Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.02. Republic Services had a net margin of 6.86% and a return on equity of 10.42%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period last year, the firm earned $0.55 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities research analysts anticipate that Republic Services will post $2.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be paid a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 2.14%. This is an increase from Republic Services’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, September 29th. Republic Services’s dividend payout ratio (DPR) is 65.64%.
A number of large investors have recently made changes to their positions in RSG. Raymond James Trust N.A. increased its stake in shares of Republic Services by 7.7% in the first quarter. Raymond James Trust N.A. now owns 5,024 shares of the business services provider’s stock valued at $315,000 after buying an additional 360 shares during the period. Gulf International Bank UK Ltd increased its stake in shares of Republic Services by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 73,895 shares of the business services provider’s stock valued at $4,641,000 after buying an additional 900 shares during the period. Capstone Asset Management Co. increased its stake in shares of Republic Services by 9.5% in the first quarter. Capstone Asset Management Co. now owns 38,314 shares of the business services provider’s stock valued at $2,407,000 after buying an additional 3,340 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Republic Services during the first quarter valued at $204,000. Finally, Cribstone Capital Management LLC purchased a new stake in shares of Republic Services during the first quarter valued at $121,000. Institutional investors own 61.33% of the company’s stock.
About Republic Services
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.
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