Republic Services Inc. (NYSE: RSG) is -7.62% lower on its value in year-to-date trading and has touched a low of $65.37 and a high of $103.79 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RSG stock was last observed hovering at around $89.00 in the last trading session, with the day’s loss setting it -0.04% off its average median price target of $102.00 for the next 12 months. It is also 32.61% off the consensus price target high of $132.00 offered by 16 analysts, but current levels are 9.22% higher than the price target low of $98.00 for the same period.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
Currently trading at $88.96, the stock is -2.55% and -5.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.59 million and changing -0.04% at the moment leaves the stock -1.78% off its SMA200. RSG registered -10.08% loss for a year compared to 6-month gain of -0.95%. The firm has a 50-day simple moving average (SMA 50) of $92.72 and a 200-day simple moving average (SMA200) of $93.94.
The stock witnessed a -5.76% loss in the last 1 month and extending the period to 3 months gives it a -10.96%, and is -1.57% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.13% over the week and 1.74% over the month.
Republic Services Inc. (RSG) has around 36000 employees, a market worth around $28.71B and $10.16B in sales. Current P/E ratio is 27.87 and Fwd P/E is 24.03. Profit margin for the company is 10.10%. Distance from 52-week low is 36.09% and -14.29% from its 52-week high. The company has generated returns on investments over the last 12 months (9.30%).
Republic Services Inc. (RSG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Republic Services Inc. (RSG) is a “Overweight”. 16 analysts offering their recommendations for the stock have an average rating of 2.30, where 8 rate it as a Hold and 1 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Republic Services Inc. is expected to release its quarterly report on 04/29/2021 and quarterly earnings per share for the current quarter are estimated at $0.84 with sales reaching $2.61B over the same period.The EPS is expected to grow by 5.50% this year, but quarterly earnings will post 6.30% year-over-year. Quarterly sales are estimated to grow 2.10% in year-over-year returns.
Republic Services Inc. (RSG) Top Institutional Holders
1,075 institutions hold shares in Republic Services Inc. (RSG), with 478.95k shares held by insiders accounting for 0.15% while institutional investors hold 93.71% of the company’s shares. The shares outstanding are 319.20M, and float is at 317.65M with Short Float at 0.71%. Institutions hold 93.57% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 20.2 million shares valued at $1.95 billion. The investor’s holdings represent 6.34% of the RSG Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 18.23 million shares valued at $1.76 billion to account for 5.72% of the shares outstanding. The other top investors are State Street Corporation which holds 10.51 million shares representing 3.30% and valued at over $1.01 billion, while JP Morgan Chase & Company holds 1.83% of the shares totaling 5.83 million with a market value of $561.55 million.
Republic Services Inc. (RSG) Insider Activity
A total of 35 insider transactions have happened at Republic Services Inc. (RSG) in the last six months, with sales accounting for 17 and purchases happening 18 times. The most recent transaction is an insider sale by SLAGER DONALD W, the company’s CEO and Director. SEC filings show that SLAGER DONALD W sold 43,199 shares of the company’s common stock on Dec 11 at a price of $94.85 per share for a total of $4.1 million. Following the sale, the insider now owns 0.3 million shares.
Republic Services Inc. disclosed in a document filed with the SEC on Sep 09 that Stuart Timothy E (COO) sold a total of 14,710 shares of the company’s common stock. The trade occurred on Sep 09 and was made at $95.20 per share for $1.4 million. Following the transaction, the insider now directly holds 0.0 shares of the RSG stock.
Still, SEC filings show that on Aug 25, SLAGER DONALD W (CEO and Director) disposed off 33,166 shares at an average price of $91.25 for $3.03 million. The insider now directly holds 342,279 shares of Republic Services Inc. (RSG).
Republic Services Inc. (RSG): Who are the competitors?
The company’s main competitors (and peers) include Waste Connections Inc. (WCN) that is -4.34% lower over the past 12 months. Stericycle Inc. (SRCL) is 3.50% up on the 1-year trading charts. Short interest in the company’s stock has risen 4.91% from the last report on Dec 30, 2020 to stand at a total of 2.13 million short shares sold with a short interest ratio of 2.18.