Republic Services, Inc. [RSG] stock is trading at $189.69, up 0.47%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RSG shares have gain 0.24% over the last week, with a monthly amount glided 2.94%, and seem to be holding up well over a long-time horizon.
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On 1, April 2024, Gabelli Funds to Host 10th Annual Waste & Environmental Services Symposium Thursday, April 4, 2024. In a post published today on Yahoo Finance, Gabelli Funds, LLC, will host the 10th Annual Waste & Environmental Services Symposium at the Harvard Club in New York City on Thursday, April 4, 2024. The symposium will draw companies with a focus on the themes of waste, water treatment, and the environment. Attendees will also have the opportunity to meet with management in a one-on-one setting.
From an analyst’s perspective:
On March 15, 2024, downgrade downgraded it’s rating to Equal-Weight but maintained its price target of $199 on the stock. UBS downgraded its rating to a Neutral and increased its price target to $195 on February 29, 2024. Wells Fargo initiated its recommendation with a Overweight and recommended $180 as its price target on November 27, 2023. UBS upgraded its rating to Buy for this stock on October 23, 2023, and upped its price target to $175. In a note dated October 17, 2023, Wolfe Research initiated an Peer Perform rating.
Republic Services, Inc. [RSG] stock has fluctuated between $133.81 and $192.57 over the past year. Currently, Wall Street analysts expect the stock to reach $160.43 within the next 12 months. Republic Services, Inc. [NYSE: RSG] shares were valued at $189.69 at the most recent close of the market. An investor can expect a potential drop of -15.43% based on the average RSG price forecast.
Analyzing the RSG fundamentals
Republic Services, Inc. [NYSE:RSG] reported sales of 14.96B for the trailing twelve months, which represents a growth of 8.55%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.17 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.2.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 188.16 points at the first support level, and at 186.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 190.68, and for the 2nd resistance point, it is at 191.67.
Republic Services, Inc. [RSG] reported earnings per share of $1.41 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.29/share, meaning a difference of $0.12 and a surprise factor of 9.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.54 per share as compared to estimates of $1.42 per share, a difference of $0.12 representing a surprise of 8.50%.
Ratios To Look Out For
For context, Republic Services, Inc.’s Current Ratio is 0.56. In addition, the Quick Ratio stands at 0.54 and the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 3.99, the price to book ratio is 5.66 and price to earnings (TTM) ratio is 34.70.
Transactions by insiders
Recent insider trading involved Vander Ark Jon, CEO and President, that happened on Mar 04 ’24 when 5446.0 shares were sold. EVP, Chief Marketing Officer, Hodges Amanda completed a deal on Aug 10 ’23 to sell 2712.0 shares. Meanwhile, EVP Chief Financial Officer DelGhiaccio Brian M sold 5500.0 shares on Aug 07 ’23.
