Republic Services Inc. (NYSE:RSG) saw a downside of -0.67% to close Friday at $146.36 after subtracting -$0.99 on the day. The 5-day average trading volume is 795,340 shares of the company’s common stock. It has gained $150.62 in the past week and touched a new high 2 times within the past 5 days. An average of 953,035 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,052,550.
RSG’s 1-month performance is 0.04% or -$0.04 on its low of $143.79 reached on 09/06/23. The company’s shares have touched a 52-week low of $120.58 and high of $156.65, with the stock’s rally to the 52-week high happening on 08/01/23. YTD, RSG has achieved 13.47% or $17.37 and has reached a new high 29 times. However, the current price is down -6.57% from the 52-week high price.
Insider Transactions
RSG stock investors last saw insider trading activity on Aug 10.Hodges Amanda (EVP, Chief Marketing Officer) most recently sold 2,712 shares at $148.66 per share on Aug 10. This transaction cost the insider $403,166. EVP Chief Financial Officer, DelGhiaccio Brian M, sold 5,500 shares at a price of $149.65 on Aug 07. Then, on Mar 22, Director Collins Tomago sold 1,545 shares at a price of $130.77 per share. This transaction amounted to $202,044.
Valuation Metrics
RSG stock has a beta of 0.66. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.21 while the price-to-book (PB) in the most recent quarter is 4.54, with the price to cash flow ratio at 24.74.
Republic Services Inc.’s quick ratio for the period ended June 29 was 0.72, with the current ratio over the same period at 0.76. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.19, while the total debt to equity was 1.21. In terms of profitability, the gross margin trailing 12 months is 28.77%. The trailing 12-month EBITDA margin is 28.52% while for the period ending June 29, Republic Services Inc.’s operating margin was 18.17%. The firm’s gross profit as reported stood at $5.31 billion against revenue of $13.51 billion.
Earnings Surprise
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 12.99% to $427.4 million, while revenue of $383.9 million was 10.18% off the previous quarter. Analysts expected RSG to announce $1.32 per share in earnings in its latest quarter, but it posted $1.41, representing a 6.80% surprise. EBITDA for the quarter stood at more than $1.09 billion. RSG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 19.62 billion, with total debt at $12.46 billion. Shareholders hold equity totaling $316.33 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 22 September was 40.37% to suggest the stock is trending Neutral, with historical volatility in this time period at 13.33%.
The stock’s 5-day moving average is $148.24, reflecting a -2.52% or -$3.78 change from its current price. RSG is currently trading +0.93% above its 20-day SMA, +0.95% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -2.17% and SMA200 by+5.21%.
Stochastic %K and %D was 48.53% and 58.79% and the average true range (ATR) pointed at 1.94. The RSI (14) points at 44.42%, while the 14-day stochastic is at 32.17% with the period’s ATR at 1.94. The stock’s 9-day MACD Oscillator is pointing at -1.37 and -0.25 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Republic Services Inc. (NYSE: RSG), Citigroup launched coverage with a Buy rating. Analysts offering their rating for RSG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate RSG as a “sell,”, while 10 advise that investors “Hold.” 1 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 $155.00 and a high of $182.00, with their median price target at $164.00. Looking at these predictions, the average price target given by analysts is for Republic Services Inc. (RSG) stock is $165.58.
