Republic Services (RSG) : Analyst Rating Update

Republic Services (RSG) : The consensus on Republic Services (RSG) based on 12 analyst recommendation on the company stock is 1.83, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Republic Services (RSG) : The consensus price target for Republic Services (RSG) is $52.11 for the short term with a standard deviation of $2.71. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $56, however, the pessimist price target for the company is $48.

Republic Services (NYSE:RSG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.86 and $51.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.30, notching a gain of 1.10% for the day. The total traded volume was 2,049,408 . The stock had closed at $51.73 on the previous day.

Also, Argus Research initiates coverage on Republic Services (NYSE:RSG) . The global brokerage major announces a current price target of $50 per share. Analysts at the Argus Research have a current rating of Hold on the shares. The rating by the firm was issued on May 18, 2016. The company shares have rallied 30.70% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $52.15 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $49.18 and the 200 Day Moving Average price is recorded at $46.65.

Republic Services, Inc. is a provider of services in the domestic non-hazardous solid waste services industry. The Company provides non-hazardous solid waste collection services for commercial, industrial, municipal and residential customers. The Company operates three geographic operating regions that are also its segments: East, Central and West. Each region is organized into several areas and each area contains multiple business units or operating locations. The Company has approximately 340 collection operations, owned or operated 198 transfer stations, 189 active solid waste landfills and 60 recycling centers. It also operates approximately 72 landfill gas and renewable energy projects. The Company operates in 39 states and Puerto Rico. The Company provides collection, transfer, recycling and landfill services in all its regions.

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