Wedbush Just Issued “Neutral” Rating on Republic Services (RSG)

Republic Services (RSG) was Reiterated by Wedbush to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 62 from a previous price target of $61 . Wedbush advised their Clients and Investors in a research report released on Feb 21, 2017.

Based on several research reports , Company shares were Reiterated by Stifel on Feb 13, 2017 to “Buy”, Firm has raised the Price Target to $ 64 from a previous price target of $60 .

On the company’s financial health, Republic Services reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 16, 2017. Analyst had a consensus of $0.55. The company had revenue of $2379.10 million for the quarter, compared to analysts expectations of $2356.10 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Several company insiders have filed Insider transactions , on Oct 31, 2016, Donald W Slager (President and CEO) sold 164,628 shares at $52.00 per share price. According to the SEC, on Jul 5, 2016, Brian A Goebel (CAO) sold 1,695 shares at $52.10 per share price. On Jun 13, 2016, Michael P Rissman (EVP/Chief Legal Officer/Secret) sold 61,768 shares at $49.41 per share price, according to the Form-4 filing with the securities and exchange commission.

Republic Services opened for trading at $59.22 and hit $60.7851 on the upside on Friday, eventually ending the session at $60.75, with a gain of 2.88% or 1.7 points. The heightened volatility saw the trading volume jump to 28,22,494 shares. Company has a market cap of $20,619 M.

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.

Republic Services

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