As of Wednesday close, Republic Services Inc.’s (NYSE:RSG) stock was up $1.69, moving up 1.16 percent to $147.76. The average number of shares traded per day over the past five days has been 983,160 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.73 fall in that time frame. In the last twenty days, the average volume was 1,203,540, while in the previous 50 days, it was 1,075,024.
Since last month, RSG stock retreated -0.87%. Shares of the company fell to $146.03 on 08/15/23, the lowest level in the past month. A 52-week high of $156.65 was reached on 08/01/23 after having rallying from a 52-week low of $120.58. Since the beginning of this year, RSG’s stock price has risen by 14.55% or $18.77, and marked a new high 29 times. However, the stock has declined by -5.67% since its 52-week high.
RSG stock investors should be aware that Republic Services Inc. (RSG) stock had its last reported insider trading activity 7 days ago on Aug 10. Hodges Amanda, the EVP, Chief Marketing Officer of the company, disposed of 2,712 shares for $148.66 on Aug 10. It resulted in a $403,166 divestment by the insider. DelGhiaccio Brian M sold 5,500 shares at an average price of $149.65 on Aug 07. The insider now owns 5,071 shares following the transaction. On Mar 22, Director Collins Tomago sold 1,545 shares at $130.77 apiece. The transaction was valued at $202,044.
Valuation Metrics
Right now, Republic Services Inc. (RSG) has a P/E ratio of about 29.75. The stock’s beta is 0.67. Besides these, the trailing price-to-sales (P/S) ratio of 3.23, the price-to-book (PB) ratio of 4.59, and the price-to-cash flow ratio of 24.94 may also be considered.
The latest dividend of $0.5350 per share was paid out, which is 8.08% more than last year’s $0.4950.
Financial Health
In the three months ended June 29, Republic Services Inc.’s quick ratio stood at 0.70, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.17, and the total debt-to-equity ratio was 1.19. On the profitability front, the trailing twelve-month gross margin is 39.20% percent. In the year ended June 29, EBITDA margin amounted to 28.52%, whereas operating margins totaled 18.00%. Based on annual data, RSG earned $5.31 billion in gross profit and brought in $13.51 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.50%. Return on equity (ROE) for the past 12 months was 16.00%.
In Republic Services Inc.’s quarter-end financial report for June 29, it reported total debt of $11.96 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RSG’s revenue rose 8.38% to $3.58 billion during the quarter, while net income inched up to $3.73 billion. While analysts expected Republic Services Inc. to report $1.32 quarterly earnings, the actual figure was $1.41 per share, beating the consensus estimate by 6.80%. During the quarter, the company generated $1.09 billion in EBITDA. The liabilities of Republic Services Inc. were 19.62 billion at the end of its most recent quarter ended June 29, and its total debt was $12.46 billion. The value of shareholders’ equity is $316.33 million.
Technical Picture
This quick technical analysis looks at Republic Services Inc.’s (RSG) price momentum. With a historical volatility rate of 12.63%, the RSI 9-day stood at 43.48% on 16 August.
With respect to its five-day moving average, the current Republic Services Inc. price is down by -0.49% percent or -$0.73. At present, RSG shares trade -1.14% below its 20-day simple moving average and +15.47% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.80% above its SMA50 and +9.74% above its SMA200.
Stochastic coefficient K was 9.92% and Stochastic coefficient D was 8.94%, while ATR was 2.15. Given the Stochastic reading of 16.30% for the 14-day period, the RSI (14) reading has been calculated as 44.96%. As of today, the MACD Oscillator reading stands at -0.50, while the 14-day reading stands at -1.75.
Analyst Ratings
Citigroup launched its rating on Republic Services Inc. (NYSE: RSG) to a Buy in a note to investors on July 19, 2023. Republic Services Inc. (RSG) has been rated Overweight by analysts. According to 0 brokerage firms, RSG is a sell, and 10 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Republic Services Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $165.00, the current consensus forecast for the stock is $155.00 – $182.00. Based on these forecasts, analysts predict Republic Services Inc. (RSG) will achieve an average price target of $165.71.
