The stock of Republic Services, Inc. (NYSE:RSG) reached all time high today, Nov, 28 and still has $60.04 target or 8.00% above today’s $55.59 share price. This indicates more upside for the $19.05 billion company. This technical setup was reported by Barchart.com. If the $60.04 PT is reached, the company will be worth $1.52 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 99,151 shares traded hands. Republic Services, Inc. (NYSE:RSG) has risen 21.57% since April 25, 2016 and is uptrending. It has outperformed by 15.56% the S&P500.
Analysts await Republic Services, Inc. (NYSE:RSG) to report earnings on February, 9. They expect $0.55 EPS, up 10.00% or $0.05 from last year’s $0.5 per share. RSG’s profit will be $188.48 million for 25.27 P/E if the $0.55 EPS becomes a reality. After $0.62 actual EPS reported by Republic Services, Inc. for the previous quarter, Wall Street now forecasts -11.29% negative EPS growth.
Republic Services, Inc. (NYSE:RSG) Ratings Coverage
Out of 9 analysts covering Republic Services (NYSE:RSG), 4 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 44% are positive. Republic Services has been the topic of 14 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The rating was initiated by Bank of America with “Buy” on Sunday, November 8. The firm earned “Equal-Weight” rating on Thursday, October 22 by Barclays Capital. The firm earned “Outperform” rating on Monday, November 2 by Imperial Capital. On Wednesday, August 19 the stock rating was downgraded by Zacks to “Buy”. The firm has “Neutral” rating given on Friday, August 26 by Macquarie Research. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, November 1. Zacks downgraded the shares of RSG in a report on Thursday, August 27 to “Buy” rating. The company was initiated on Thursday, December 17 by JP Morgan. On Wednesday, May 18 the stock rating was initiated by Argus Research with “Hold”. On Tuesday, March 22 the stock rating was initiated by Sterne Agee CRT with “Neutral”.
According to Zacks Investment Research, “Republic Services, Inc., is a leading provider of services in the domestic non-hazardous solid waste industry. They provide non-hazardous solid waste collection services for commercial, industrial, municipal and residential customers through their collection companies. They also own or operate transfer stations and solid waste landfills.”
Insitutional Activity: The institutional sentiment decreased to 0.95 in Q2 2016. Its down 0.29, from 1.24 in 2016Q1. The ratio fall, as 34 funds sold all Republic Services, Inc. shares owned while 160 reduced positions. 47 funds bought stakes while 194 increased positions. They now own 202.99 million shares or 4.81% less from 213.26 million shares in 2016Q1.
Moreover, Texas Permanent School Fund has 0.05% invested in Republic Services, Inc. (NYSE:RSG) for 76,987 shares. Checchi Cap Advisers Ltd Liability has invested 0.02% of its portfolio in Republic Services, Inc. (NYSE:RSG). Legacy Capital Prtnrs reported 24,525 shares or 0.78% of all its holdings. Schroder Gp has invested 0.04% of its portfolio in Republic Services, Inc. (NYSE:RSG). Mcf Ltd Liability Company owns 24 shares or 0% of their US portfolio. The Arkansas-based Stephens Inc Ar has invested 0.01% in Republic Services, Inc. (NYSE:RSG). Raymond James Tru Na last reported 0.02% of its portfolio in the stock. Churchill Mngmt Corporation owns 384,638 shares or 1.29% of their US portfolio. Ontario Teachers Pension Plan Board has 0.09% invested in the company for 151,352 shares. Moreover, Arizona State Retirement System has 0.14% invested in Republic Services, Inc. (NYSE:RSG) for 197,261 shares. Moreover, Lpl Llc has 0.01% invested in Republic Services, Inc. (NYSE:RSG) for 14,771 shares. Moreover, Twin Capital Incorporated has 0.39% invested in Republic Services, Inc. (NYSE:RSG) for 100,770 shares. Primecap Mgmt Co Ca has invested 0.02% of its portfolio in Republic Services, Inc. (NYSE:RSG). Global X Mngmt Ltd Liability holds 0.01% or 5,391 shares in its portfolio. The Pennsylvania-based Janney Montgomery Scott Ltd Liability has invested 0.03% in Republic Services, Inc. (NYSE:RSG).
Insider Transactions: Since June 10, 2016, the stock had 0 insider purchases, and 5 selling transactions for $13.20 million net activity. Shares for $3.05M were sold by Rissman Michael P on Friday, June 10. The insider GOEBEL BRIAN A sold 1,695 shares worth $88,310. The insider SLAGER DONALD W sold 26,000 shares worth $1.31M.
More notable recent Republic Services, Inc. (NYSE:RSG) news were published by: Forbes.com which released: “Republic Services Reaches Analyst Target Price” on November 22, 2016, also Prnewswire.com with their article: “Republic Services Honored With Excellence Award for Landfill Gas Utilization” published on November 18, 2016, Prnewswire.com published: “Republic Services Honored by Washington Secretary of State Kim Wyman with 2016 …” on November 18, 2016. More interesting news about Republic Services, Inc. (NYSE:RSG) were released by: Prnewswire.com and their article: “Republic Services Named to Prestigious CDP Climate A List” published on November 10, 2016 as well as Finance.Yahoo.com‘s news article titled: “Republic Services Hits 52-Week High on Solid Q3 Results” with publication date: November 16, 2016.
RSG Company Profile
Republic Services, Inc., incorporated on December 20, 1996, is a well-known provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services in the United States. The Firm operates through three divisions: East, Central and West. The Firm 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. It also operates approximately 70 landfill gas and renewable energy projects. It has post-closure responsibility for approximately 130 closed landfills.
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