Analyst Rating Update on Republic Services (RSG)

Republic Services (NYSE:RSG) : The consensus on Republic Services (NYSE:RSG) based on 12 analyst recommendation on the company stock is 1.83, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Republic Services (NYSE:RSG) : The highest short term price target forecast on Republic Services (NYSE:RSG) is $56 and the lowest target price is $48. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $52.11 with a standard deviation of $2.71.

For the current week, the company shares have a recommendation consensus of Buy. Also, Argus Research initiates coverage on Republic Services (NYSE:RSG) The current rating of the shares is Hold. Equity Analysts at the Firm announces the price target to $50 per share. The rating by the firm was issued on May 18, 2016.

Republic Services (NYSE:RSG): stock turned positive on Tuesday. Though the stock opened at $49.54, the bulls momentum made the stock top out at $49.81 level for the day. The stock recorded a low of $49.23 and closed the trading day at $49.78, in the green by 0.79%. The total traded volume for the day was 1,661,494. The stock had closed at $49.39 in the previous days trading.

In an insider trading activity,The officer (EVP/Chief Legal Officer/Secret) of Republic Services, Inc., Rissman Michael P sold 61,768 shares at $49.41 on June 10, 2016. The Insider selling transaction had a total value worth of $3,051,957. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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