Stifel Nicolaus Increases Republic Services, Inc. (RSG) Price Target to $64.00

Republic Services, Inc. (NYSE:RSG) had its price target raised by analysts at Stifel Nicolaus from $60.00 to $64.00 in a research note issued to investors on Monday. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 9.53% from the stock’s current price.

RSG has been the subject of several other research reports. Zacks Investment Research raised shares of Republic Services from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Tuesday, October 25th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Republic Services in a research note on Tuesday, November 1st. They issued a “neutral” rating and a $52.00 price objective for the company. Deutsche Bank AG lowered shares of Republic Services from a “buy” rating to a “hold” rating and lifted their price objective for the company from $108.00 to $112.00 in a research note on Saturday, October 22nd. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Republic Services in a research note on Thursday, October 27th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Republic Services has an average rating of “Hold” and a consensus target price of $60.10.

Analyst Recommendations for Republic Services (NYSE:RSG)

Republic Services (NYSE:RSG) opened at 58.43 on Monday. The firm has a market capitalization of $19.86 billion, a P/E ratio of 33.97 and a beta of 0.59. Republic Services has a 1-year low of $44.99 and a 1-year high of $58.64. The company has a 50-day moving average price of $57.36 and a 200-day moving average price of $53.54.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. KBC Group NV increased its position in Republic Services by 29.7% in the third quarter. KBC Group NV now owns 147,373 shares of the company’s stock valued at $7,435,000 after buying an additional 33,706 shares during the last quarter. RWWM Inc. increased its position in Republic Services by 1.8% in the third quarter. RWWM Inc. now owns 417,385 shares of the company’s stock valued at $21,057,000 after buying an additional 7,273 shares during the last quarter. Hilton Capital Management LLC increased its position in Republic Services by 4.4% in the third quarter. Hilton Capital Management LLC now owns 233,943 shares of the company’s stock valued at $11,802,000 after buying an additional 9,810 shares during the last quarter. CHURCHILL MANAGEMENT Corp increased its position in Republic Services by 6.9% in the third quarter. CHURCHILL MANAGEMENT Corp now owns 410,991 shares of the company’s stock valued at $20,735,000 after buying an additional 26,353 shares during the last quarter. Finally, Royal Bank of Scotland Group PLC increased its position in Republic Services by 233.5% in the third quarter. Royal Bank of Scotland Group PLC now owns 55,962 shares of the company’s stock valued at $2,824,000 after buying an additional 39,180 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Republic Services Company Profile

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services in the United States. The Company operates through three segments: East, Central and West. The Company operates in over 40 states and Puerto Rico through approximately 340 collection operations, over 200 transfer stations, over 190 active landfills, approximately 70 recycling centers, approximately 10 treatment, recovery and disposal facilities, and over 10 salt water disposal wells.

5 Day Chart for NYSE:RSG

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