The stock of Republic Services Inc. (NYSE:RSG) increased by $1.04 on Friday to finish at $146.05, up 0.72 percent. The last five days have seen an average of 861,880 shares of common stock traded. 29 times new highs were reached in the current year, with a gain of $17.06. The average number of shares traded over the last 20 days was 1,109,580, while the average volume over the last 50 days totaled 1,074,978.
RSG stock dropped -3.66% since last month. On 08/24/23, the company’s shares reached a one-month low of $145.00. The stock touched a high of $156.65 on 08/01/23, after rallying from a low of $120.58 in 52 weeks. The price of RSG stock has risen by 13.23% or $17.06 this year, reaching a new high 29 times. Still, the stock price is down -6.76% from the 52-week high.
Insider Transactions
RSG stock investors should be aware that Republic Services Inc. (RSG) stock had its last reported insider trading activity 18 days ago on Aug 10. On Aug 10, EVP, Chief Marketing Officer Hodges Amanda sold 2,712 shares at $148.66 each. This transaction resulted in the insider making $403,166. On Aug 07, DelGhiaccio Brian M sold 5,500 shares at a price of US$149.65. After the transaction, the insider now owns 5,071 shares. Director Collins Tomago had earlier sold 1,545 shares on Mar 22 for $130.77 a share. The transaction was completed for $202,044.
Valuation Metrics
Republic Services Inc. (RSG) has a trailing price-to-earnings (P/E) ratio of 29.41. Beta for the stock is 0.67. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.18, the price-to-book (PB) ratio of 4.53, and the price-to-cash flow ratio of 24.51.
Company paid $0.5350 per share in dividends, an increase of 8.08% from $0.4950 last year.
Financial Health
For the three months ended June 29, Republic Services Inc.’s quick ratio was 0.70, while its current ratio was 0.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.17, and the total debt to equity ratio is 1.19. As far as profitability goes, gross margin for the trailing twelve months is 39.20% percent. Republic Services Inc.’s EBITDA margin for the year ended June 29 was 28.52%, whereas its operating margin stood at 18.00% for the same period. Based on annual data, it had gross profit of $5.31 billion and revenue of $13.51 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RSG’s return on assets (ROA) during the last 12 months has been 5.40%. There was a 9.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 16.00%.
Earnings Surprise
According to Republic Services Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.73 billion, while revenues rose by 8.38% to $3.58 billion. It was predicted that Republic Services Inc.’s quarterly earnings would be $1.41, but it ended up being $1.32, beating the consensus by 6.80%. EBITDA was $1.09 billion for the quarter. At the end of Republic Services Inc.’s most recent quarter ended June 29, its liabilities totaled 19.62 billion, while its total debt was $12.46 billion. Equity owned by shareholders amounts to $316.33 million.
Technical Picture
Here’s a quick look at Republic Services Inc.’s (RSG) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 41.63%, suggesting the stock is Neutral, with a 13.17% historical volatility rate.
The stochastic %K and %D were 15.22% and 14.78% respectively, while the average true range (ATR) was 1.87. Based on the 14-day stochastic reading of 24.88%, the RSI (14) reading is 42.58%. On the 9-day MACD Oscillator, the stock is at -0.48, and the 14-day reading is at -1.01.
Analyst Ratings
In its analyst report released on July 19, 2023, Citigroup began covering Republic Services Inc. (NYSE: RSG). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Republic Services Inc. (RSG) an Overweight rating. RSG is a stock that is recommended for selling by 0 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 8 others recommend it as a buy.
What is RSG’s price target for the next 12 months?
The current consensus forecast for the stock is between $155.00 and $182.00, with a median target price of $164.00. In analyzing these forecasts, the average price target given by analysts for Republic Services Inc. (RSG) is $165.58.
