Republic Services (NYSE:RSG) Given a $260.00 Price Target by UBS Group Analysts

Republic Services (NYSE:RSG) received a $260.00 price objective from equities research analysts at UBS Group in a note issued to investors on Wednesday, Marketbeat reports. The firm presently has a “neutral” rating on the business services provider’s stock. UBS Group’s price target would suggest a potential upside of 12.26% from the stock’s previous close.

A number of other brokerages have also recently weighed in on RSG. Morgan Stanley raised their target price on shares of Republic Services from $230.00 to $245.00 and gave the stock an “equal weight” rating in a report on Friday, April 25th. BMO Capital Markets restated an “outperform” rating and issued a $280.00 price target (up previously from $268.00) on shares of Republic Services in a research report on Monday, June 9th. Citigroup upped their price target on shares of Republic Services from $265.00 to $278.00 and gave the company a “buy” rating in a research report on Tuesday, April 29th. Truist Financial upped their price target on shares of Republic Services from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, April 22nd. Finally, Oppenheimer upped their price target on shares of Republic Services from $262.00 to $268.00 and gave the company an “outperform” rating in a research report on Wednesday, July 9th. Ten analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and an average target price of $258.89.

Republic Services Trading Up 0.2%

Shares of NYSE:RSG opened at $231.60 on Wednesday. The stock has a market capitalization of $72.31 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 3.61 and a beta of 0.60. Republic Services has a 1-year low of $193.75 and a 1-year high of $258.75. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66. The company has a 50 day moving average price of $245.40 and a 200 day moving average price of $238.90.

Republic Services (NYSE:RSG) last issued its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.01. The firm had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.26 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $1.61 earnings per share. On average, research analysts anticipate that Republic Services will post 6.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Republic Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its holdings in shares of Republic Services by 39,024.4% during the 1st quarter. GAMMA Investing LLC now owns 2,226,177 shares of the business services provider’s stock valued at $539,091,000 after purchasing an additional 2,220,487 shares in the last quarter. C WorldWide Group Holding A S bought a new position in shares of Republic Services during the 1st quarter valued at $230,013,000. Nuveen LLC bought a new position in shares of Republic Services during the 1st quarter valued at $198,685,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Republic Services by 10.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider’s stock valued at $1,069,836,000 after purchasing an additional 499,237 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Republic Services by 118.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 806,409 shares of the business services provider’s stock valued at $198,869,000 after purchasing an additional 437,190 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Company Profile

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.