Republic Services (RSG) is Upgraded by Barclays to Overweight, Raises Price Target to $ 52

Republic Services (RSG) was Upgraded by Barclays to ” Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 52 from a previous price target of $45 . Earlier the firm had a rating of “Equal Weight ” on the company shares. Barclays advised their investors in a research report released on May 3, 2016.

Many Wall Street Analysts have commented on Republic Services. Company shares were Reiterated by First Analysis Sec on Apr 7, 2016 to “Equal-Weight”, Firm has raised the Price Target to $ 49 from a previous price target of $47 .Republic Services was Initiated by Sterne Agee CRT to “Neutral” on Mar 22, 2016.

On the company’s financial health, Republic Services reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.47. The company had revenue of $2248.60 million for the quarter, compared to analysts expectations of $2233.66 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

Republic Services opened for trading at $47.09 and hit $47.62 on the upside on Monday, eventually ending the session at $47.56, with a gain of 1.04% or 0.49 points. The heightened volatility saw the trading volume jump to 22,05,705 shares. Company has a market cap of $16,356 M.

In a different news, on Mar 30, 2016, Jeffrey A Hughes (EVP Chief Administrative Offic) sold 7,545 shares at $48.21 per share price. According to the SEC, on Feb 19, 2016, Michael P Rissman (EVP/Chief Legal Officer/Secret) sold 10,626 shares at $45.30 per share price. On Nov 4, 2015, Donald W Slager (President and CEO) sold 123,570 shares at $43.96 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Republic Services

Leave a Reply

Republic Services - Is it time to Sell?

Top Brokerage Firms are advising their investors on Republic Services. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.