Analyst Price Target Update on Republic Services (NYSE:RSG)

Republic Services (NYSE:RSG): 9 Analyst have given the stock of Republic Services (NYSE:RSG) a near short term price target of $51.44. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $2.01. The higher price target estimate is at $54 while the lower price estimates are fixed at $48.

Many analysts have stated their opinion on the company shares. Argus Research initiates coverage on Republic Services (NYSE:RSG). Argus Research has a Hold rating on the shares. As per the latest report, the brokerage house announces the price target to $50 per share. The rating by the firm was issued on May 18, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (President and CEO) of Republic Services, Inc., Slager Donald W had sold 106,112 shares worth of $5,146,432 in a transaction dated May 13, 2016. In this transaction, 106,112 shares were sold at $48.5 per share.

Republic Services (NYSE:RSG) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.02 points or 0.04% at $49.55 with 1,183,514 shares getting traded. Post opening the session at $49.53, the shares hit an intraday low of $49.43 and an intraday high of $49.79 and the price was in this range throughout the day. The company has a market cap of $17,040 million and the number of outstanding shares have been calculated to be 343,898,050 shares. The 52-week high of Republic Services (NYSE:RSG) is $49.93 and the 52-week low is $38.99.

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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