Citigroup Lowers Republic Services (NYSE:RSG) Price Target to $244.00

by · The Cerbat Gem

Republic Services (NYSE:RSG – Get Free Report) had its price target cut by equities research analysts at Citigroup from $268.00 to $244.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Citigroup’s price target suggests a potential upside of 15.76% from the company’s previous close.

A number of other equities research analysts have also weighed in on RSG. Oppenheimer set a $256.00 price objective on shares of Republic Services in a report on Friday, October 31st. Stifel Nicolaus cut their price target on shares of Republic Services from $257.00 to $251.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Republic Services in a research note on Monday, December 29th. Barclays initiated coverage on Republic Services in a research report on Friday, September 19th. They set an “equal weight” rating and a $240.00 price target on the stock. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $240.00 price objective on shares of Republic Services in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and a consensus price target of $249.23.

View Our Latest Report on Republic Services

Republic Services Price Performance

NYSE:RSG traded down $0.01 during midday trading on Friday, hitting $210.79. The company had a trading volume of 553,667 shares, compared to its average volume of 1,296,749. The company has a market capitalization of $65.25 billion, a PE ratio of 31.36, a P/E/G ratio of 3.45 and a beta of 0.55. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. Republic Services has a 52-week low of $201.42 and a 52-week high of $258.75. The stock’s fifty day moving average price is $212.50 and its 200-day moving average price is $224.03.

Republic Services (NYSE:RSG – Get Free Report) last issued its quarterly earnings results on Friday, October 31st. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.12. The firm had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.25 billion. Republic Services had a return on equity of 18.24% and a net margin of 12.77%.The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.81 earnings per share. As a group, research analysts expect that Republic Services will post 6.86 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Katharine Weymouth purchased 478 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was bought at an average cost of $209.46 per share, with a total value of $100,121.88. Following the completion of the purchase, the director directly owned 5,740 shares in the company, valued at approximately $1,202,300.40. This represents a 9.08% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.11% of the stock is owned by insiders.

Institutional Trading of Republic Services

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Financial Consulate Inc. bought a new position in Republic Services during the 3rd quarter valued at about $25,000. Wealth Watch Advisors INC bought a new position in Republic Services in the third quarter valued at about $26,000. Cranbrook Wealth Management LLC grew its stake in shares of Republic Services by 1,222.2% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 110 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Republic Services by 121.8% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. Finally, NewSquare Capital LLC boosted its holdings in shares of Republic Services by 68.5% in the second quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock worth $30,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

About Republic Services

(Get Free Report)

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.

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