Brokerage Firm Rating Update on Republic Services (RSG)

Republic Services (RSG) : 10 analysts are covering Republic Services (RSG) and their average rating on the stock is 1.8, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Republic Services (RSG) : 7 Wall Street analysts covering Republic Services (RSG) believe that the average level the stock could reach for the short term is $55.43. The maximum price target given is $60 and the minimum target for short term is around $49, hence the standard deviation is calculated at $3.46.


For the current week, the company shares have a recommendation consensus of Buy. Also, Macquarie initiates coverage on Republic Services (NYSE:RSG). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Macquarie announces a current price target of $53 per share. The rating by the firm was issued on August 25, 2016.

Republic Services (NYSE:RSG): stock was range-bound between the intraday low of $50.63 and the intraday high of $51.13 after having opened at $51.03 on Wednesdays session. The stock finally closed in the red at $51.03, a loss of -0.86%. The stock remained in the red for the whole trading day. The total traded volume was 1,012,203 shares. The stock failed to cross $51.13 in Wednesdays trading. The stocks closing price on Thursday was $51.21.

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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