Republic Services, Inc. [RSG] stock prices are up 0.53% to $206.91 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The RSG shares have gain 1.99% over the last week, with a monthly amount glided 3.63%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Republic Services, Inc. [NYSE: RSG] stock has seen the most recent analyst activity on July 11, 2024, when Truist upgraded its rating to a Buy and also boosted its price target to $220 from $192. Previously, Deutsche Bank started tracking the stock with Hold rating on May 23, 2024, and set its price target to $203. Scotiabank started tracking the stock assigning a Sector Perform rating. Morgan Stanley downgraded its rating to a Equal-Weight but $199 remained the price target by the analyst firm on March 15, 2024. UBS downgraded its rating to Neutral for this stock on February 29, 2024, and upped its price target to $195. In a note dated November 27, 2023, Wells Fargo initiated an Overweight rating and provided a target price of $180 on this stock.
The stock price of Republic Services, Inc. [RSG] has been fluctuating between $140.23 and $206.54 over the past year. Currently, Wall Street analysts expect the stock to reach $180.5 within the next 12 months. Republic Services, Inc. [NYSE: RSG] shares were valued at $206.91 at the most recent close of the market. An investor can expect a potential drop of -12.76% based on the average RSG price forecast.
Analyzing the RSG fundamentals
The Republic Services, Inc. [NYSE:RSG] reported sales of 15.57B for trailing twelve months, representing a surge of 8.64%. Gross Profit Margin for this corporation currently stands at 0.35% 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 0.18 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.18.
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 206.11 points at the first support level, and at 205.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 207.74, and for the 2nd resistance point, it is at 208.56.
Ratios To Look Out For
It’s worth pointing out that Republic Services, Inc. [NYSE:RSG]’s Current Ratio is 0.59. On the other hand, the Quick Ratio is 0.56, and the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 4.17, the price to book ratio is 5.90 and price to earnings (TTM) ratio is 34.66.
Transactions by insiders
Recent insider trading involved Collins Tomago, Director, that happened on Aug 16 ’24 when 3200.0 shares were sold. Director, Collins Tomago completed a deal on Aug 16 ’24 to buy 3200.0 shares. Meanwhile, Director Weymouth Katharine bought 540.0 shares on Jun 04 ’24.
