Republic Services (NYSE:RSG) Given New $244.00 Price Target at Jefferies Financial Group

Republic Services (NYSE:RSG) had its price objective boosted by Jefferies Financial Group from $235.00 to $244.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

RSG has been the topic of several other reports. William Blair assumed coverage on shares of Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and increased their price target for the company from $219.00 to $237.00 in a research report on Tuesday, December 10th. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. Scotiabank started coverage on shares of Republic Services in a research note on Friday, October 4th. They issued a “sector perform” rating and a $224.00 target price for the company. Finally, Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $222.24.

Republic Services Stock Performance

RSG opened at $212.28 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $66.47 billion, a price-to-earnings ratio of 33.96, a P/E/G ratio of 3.11 and a beta of 0.73. The business’s 50-day moving average price is $209.32 and its two-hundred day moving average price is $204.93. Republic Services has a 1 year low of $168.58 and a 1 year high of $220.58.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the firm posted $1.54 EPS. The business’s revenue was up 6.5% on a year-over-year basis. Equities analysts expect that Republic Services will post 6.25 EPS for the current fiscal year.

Insider Activity at Republic Services

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the sale, the director now owns 879 shares in the company, valued at $189,222.33. The trade was a 67.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the transaction, the chief financial officer now owns 6,318 shares in the company, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Institutional Trading of Republic Services

A number of institutional investors have recently modified their holdings of RSG. FSA Wealth Management LLC acquired a new position in Republic Services in the third quarter valued at about $25,000. Wolff Wiese Magana LLC raised its position in shares of Republic Services by 351.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after buying an additional 109 shares in the last quarter. Webster Bank N. A. bought a new stake in shares of Republic Services during the 3rd quarter worth approximately $31,000. R Squared Ltd acquired a new stake in shares of Republic Services during the 4th quarter worth approximately $32,000. Finally, Truvestments Capital LLC bought a new position in Republic Services in the third quarter valued at approximately $34,000. 57.73% of the stock is currently owned by institutional investors.

About Republic Services

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.