Republic Services (NYSE: RSG) has recently received a number of price target changes and ratings updates:

  • 2/9/2018 – Republic Services had its price target lowered by analysts at BMO Capital Markets from $74.00 to $70.00. They now have an “outperform” rating on the stock.
  • 2/7/2018 – Republic Services was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $75.00 price target on the stock. According to Zacks, “Republic Services is focused on enhancing its operations by streamlining the cost structure, improving revenue quality and seeking growth through profitable investment opportunities. With diligent execution of operational plans, Republic Services continues to generate significant free cash flow, which is utilized for increased dividend payment, repurchasing shares and strategic acquisitions. The company is currently focusing on a series of quality acquisition opportunities for a healthy long-term growth within its top 25 markets. It is also transitioning to a fee-based recycling processing model to cover processing costs and generate a healthy ROI. The stock has outperformed the industry in the last three months. However, changing regulations impose new compliance requirements on Republic Services, which may alter its current method of doing business, and ultimately increase costs and compress margins.”
  • 2/5/2018 – Republic Services had its price target raised by analysts at Bank of America Corp from $70.00 to $73.00. They now have a “buy” rating on the stock.
  • 2/1/2018 – Republic Services was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Republic Services is focused on enhancing its operations by streamlining the cost structure, improving revenue quality and seeking growth through profitable investment opportunities. The company is currently focusing on a series of quality acquisition opportunities for a healthy long-term growth within its top 25 markets. It is also transitioning to a fee-based recycling processing model to cover processing costs and generate a healthy ROI. The stock has outperformed the industry in the last three months. However, the company is expected to face commodity price headwinds in future which will likely have a negative year-over-year impact on earnings. Changing regulations further impose new compliance requirements, alter the current method of doing business, and ultimately increase costs and compress margins. The ability to adequately increase pricing to offset wage and other cost inflation to avoid margin erosion remains another concern.”
  • 1/22/2018 – Republic Services was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $76.00 price target on the stock. According to Zacks, “Republic Services is focused on enhancing its operations by streamlining the cost structure, improving revenue quality and seeking growth through profitable investment opportunities. The company is currently focusing on a series of quality acquisition opportunities for a healthy long-term growth within its top 25 markets. It is also transitioning to a fee-based recycling processing model to cover processing costs and generate a healthy ROI. The company is shifting to compressed natural gas collection vehicles and converting rear-loading trucks to automated-side loaders to reduce cost and improve margins. At the same time, it continues to generate significant free cash flow, which is utilized for higher dividend payment, share repurchases and strategic acquisitions. The stock has performed in line with the industry in the last three months. However, commodity price headwinds remain a significant impediment to growth for Republic Services.”
  • 1/4/2018 – Republic Services was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $73.00 price target on the stock, up previously from $70.00.
  • 1/2/2018 – Republic Services was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Commodity price headwinds remain a significant impediment to growth of Republic Services. Margin pressure also remains a bottleneck as Republic Services has more exposure to Collection services and less to Disposal services. Typically, the Disposal services generates the highest margins and the Collection services generates the lowest margin. Protracted weakness in special waste and tight municipal budgets remain additional headwinds. In addition, increased competitive pressure remains a cause for concern. The stock has underperformed the industry in the last three months. However, Republic Services is realigning its field support functions by combining two organizational layers and expects these initiatives to contribute approximately $25 million of annual cost savings from 2018.”

Republic Services, Inc. (NYSE:RSG) opened at $61.96 on Monday. Republic Services, Inc. has a one year low of $57.74 and a one year high of $69.40. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 0.94. The firm has a market cap of $20,521.99, a P/E ratio of 16.35, a PEG ratio of 1.94 and a beta of 0.53.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.04. Republic Services had a net margin of 12.73% and a return on equity of 10.61%. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the business earned $0.57 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis. research analysts expect that Republic Services, Inc. will post 3.06 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be paid a $0.345 dividend. This represents a $1.38 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Thursday, March 29th. Republic Services’s dividend payout ratio (DPR) is presently 36.41%.

In other Republic Services news, CAO Brian A. Goebel sold 1,220 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $68.06, for a total transaction of $83,033.20. Following the sale, the chief accounting officer now owns 7,406 shares in the company, valued at approximately $504,052.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Brian A. Goebel sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $67.88, for a total transaction of $135,760.00. Following the sale, the chief accounting officer now owns 6,696 shares in the company, valued at approximately $454,524.48. The disclosure for this sale can be found here. Insiders sold a total of 137,063 shares of company stock worth $8,816,258 in the last quarter. Company insiders own 0.40% of the company’s stock.

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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