Republic Services Inc. (NYSE: RSG)’s stock price has increased by 2.83 compared to its previous closing price of 128.40. However, the company has experienced a 3.47% gain in its stock price over the last five trading sessions. Barron’s reported on 02/16/23 that Trash Can Be Treasure. 3 Garbage Stocks to Buy Now.
Is It Worth Investing in Republic Services Inc. (NYSE: RSG) Right Now?
Republic Services Inc. (NYSE: RSG) has a higher price-to-earnings ratio of 28.14x compared to its average ratio,, and the 36-month beta value for RSG is at 0.66. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 2 rating it as “overweight,” 8 as “hold,” and 0 as “sell.”
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The average price suggested by analysts for RSG is $147.33, which is $15.19 above the current market price. The public float for RSG is 315.20M, and currently, shorts hold a 0.58% of that float. The average trading volume for RSG on March 15, 2023 was 1.49M shares.
RSG’s Market Performance
RSG’s stock has seen a 3.47% increase for the week, with a 3.67% rise in the past month and a -2.78% fall in the past quarter. The volatility ratio for the week is 1.91%, and the volatility levels for the past 30 days are at 1.73% for Republic Services Inc. The simple moving average for the last 20 days is 2.74% for RSG stock, with a simple moving average of -0.90% for the last 200 days.
Analysts’ Opinion of RSG
BMO Capital Markets, on the other hand, stated in their research note that they expect to see RSG reach a price target of $148, previously predicting the price at $152. The rating they have provided for RSG stocks is “Market Perform” according to the report published on December 07th, 2022.
Jefferies gave a rating of “Buy” to RSG, setting the target price at $165 in the report published on October 25th of the previous year.
RSG Trading at 4.38% from the 50-Day Moving Average
After a stumble in the market that brought RSG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.49% of loss for the given period.
Volatility was left at 1.73%, however, over the last 30 days, the volatility rate increased by 1.91%, as shares surge +4.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.98% upper at present.
During the last 5 trading sessions, RSG rose by +3.47%, which changed the moving average for the period of 200-days by -0.69% in comparison to the 20-day moving average, which settled at $128.81. In addition, Republic Services Inc. saw 2.36% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RSG starting from Kirk Jennifer M, who purchase 1,000 shares at the price of $129.60 back on Feb 21. After this action, Kirk Jennifer M now owns 4,449 shares of Republic Services Inc., valued at $129,600 using the latest closing price.
Duffy Michael A, the Director of Republic Services Inc., purchase 385 shares at $130.56 during a trade that took place back on Feb 21, which means that Duffy Michael A is holding 385 shares at $50,266 based on the most recent closing price.
Stock Fundamentals for RSG
Current profitability levels for the company are sitting at:
- +17.85 for the present operating margin
- +28.61 for the gross margin
The net margin for Republic Services Inc. stands at +11.01. Equity return is now at value 15.90, with 5.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.70.
Conclusion
In conclusion, Republic Services Inc. (RSG) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
