Republic Services Inc. (NYSE:RSG) saw an upside of 0.40% to close Monday at $126.14 after adding $0.5 on the day. The 5-day average trading volume is 938,860 shares of the company’s common stock. It has gained $127.14 in the past week. An average of 1,118,880 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,019,906.
RSG’s 1-month performance is 1.53% or $1.90 on its low of $118.36 reached on 10/01/21. The company’s shares have touched a 52-week low of $86.18 and high of $126.25, with the stock’s rally to the 52-week high happening on 10/11/21. YTD, RSG has achieved 30.99% or $29.84. However, the current price is down -0.09%% from the 52-week high price.
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On Jul 07, 97 days have gone by since the last insider trading activity for Republic Services Inc. (RSG). DelGhiaccio Brian M (EVP Chief Financial Officer) most recently sold 2,074 shares at $114.00 per share on Jul 07. This transaction cost the insider $236,436. EVP Chief Administrative Offic, Hughes Jeffrey A, sold 6,770 shares at a price of $111.44 on May 10. Then, on May 10, COO Stuart Timothy E sold 12,788 shares at a price of $112.31 per share. This transaction amounted to $1,436,202.
The company’s PE ratio for the last five years has touched a high of 35.98 and a low of 16.20. RSG stock has a beta of 0.74. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.79 while the price-to-book (PB) in the most recent quarter is 4.59, with the price to cash flow ratio at 42.67.
Republic Services Inc. pays an annual dividend of $1.84 per share. Its dividend yield is 1.46% and the payout ratio is 47.80%. RSG paid $0.46 a share compared with prior rate of $0.4250, up 7.61% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.0350 reported on Thursday July 29 2021. Measured over the last 3 years, the Dividend has been growing by 24.81% yearly.
It is projected that Republic Services Inc.’s next ex-dividend date will be on 31-Dec-2021. RSG is expected to distribute $0.46 as its next dividend.
Republic Services Inc.’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 0.60 meaning that RSG stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.01, while the total debt to equity was 1.02. In terms of profitability, the gross margin trailing 12 months is 40.60%. The trailing 12-month EBITDA margin is 29.10% while for the period ending June 29; Republic Services Inc.’s operating margin was 17.00%. The firm’s gross profit as reported stood at $4.05 billion against revenue of $10.15 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 12.74% to $2.81 billion, while revenue of $2.6 billion was 7.69% off the previous quarter. Analysts expected RSG to announce $0.96 per share in earnings in its latest quarter, but it posted $1.09, representing a 13.50% surprise. EBITDA for the quarter stood at more than $841.6 million. RSG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 15.14 billion, with total debt at $9.28 billion. Shareholders hold equity totaling $318.37 million
Let’s look briefly at Republic Services Inc. (RSG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 65.86% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.24%.
The stock’s 5-day moving average is $124.35, reflecting a +5.11% or $6.13 change from its current price. RSG is currently trading +1.05% above its 20-day SMA, +16.59% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +6.57% and +32.76% respectively.
Stochastic %K and %D was 90.55% and 80.40% and the average true range (ATR) pointed at 2.16. The RSI (14) points at 61.74%, while the 14-day stochastic is at 88.61% with the period’s ATR at 2.02. The stock’s 9-day MACD Oscillator is pointing at 2.83 and 2.57 on the 14-day charts.
In the most recent analyst report for Republic Services Inc. (NYSE: RSG), Morgan Stanley upgraded it to an Overweight rating. They previously had an Equal-weight rating on the stock. Analysts offering their rating for RSG stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate RSG as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 8 have offered a “buy” rating.
What is RSG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $118.00 and a high of $147.00, with their median price target at $130.00. Looking at these predictions, the average price target given by analysts is for Republic Services Inc. (RSG) stock is $130.23.