Republic Services (NYSE:RSG) Given New $245.00 Price Target at JPMorgan Chase & Co.

Republic Services (NYSE:RSG) had its price objective lifted by JPMorgan Chase & Co. from $233.00 to $245.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the business services provider’s stock.

Other equities research analysts have also issued reports about the stock. Bank of America dropped their price objective on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. Scotiabank dropped their price objective on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 21st. Citigroup boosted their price objective on shares of Republic Services from $244.00 to $253.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Oppenheimer dropped their price objective on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday, January 23rd. Finally, Wolfe Research started coverage on shares of Republic Services in a report on Friday, March 13th. They set a “peer perform” rating on the stock. Thirteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and a consensus price target of $247.00.

Republic Services Stock Performance

Shares of RSG stock opened at $214.48 on Friday. The business’s fifty day simple moving average is $221.95 and its 200-day simple moving average is $217.74. The company has a market cap of $66.26 billion, a PE ratio of 31.31, a PEG ratio of 3.59 and a beta of 0.53. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08. Republic Services has a 12-month low of $201.42 and a 12-month high of $258.75.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.14. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.21 billion. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.58 earnings per share. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. Analysts expect that Republic Services will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, April 2nd. Republic Services’s dividend payout ratio is presently 36.79%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Financial Consulate Inc. acquired a new position in shares of Republic Services in the third quarter worth about $25,000. Laurel Wealth Advisors LLC acquired a new position in shares of Republic Services in the fourth quarter worth about $25,000. Wealth Watch Advisors INC acquired a new position in shares of Republic Services in the third quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Republic Services by 121.8% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock worth $28,000 after acquiring an additional 67 shares during the period. Finally, Ameriflex Group Inc. acquired a new position in shares of Republic Services in the third quarter worth about $29,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Company Profile

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.