Should You Invest in Republic Services, Inc. (RSG) Now?

Republic Services, Inc. (NYSE: RSG) has a higher price-to-earnings ratio of 34.62x compared to its average ratio, The 36-month beta value for RSG is at 0.68. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 8 as “hold,” and 0 as “sell.”

The public float for RSG is 204.38M, and currently, shorts hold a 1.20% of that float. The average trading volume for RSG on April 04, 2024 was 1.19M shares.

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RSG) stock’s latest price update

The stock price of Republic Services, Inc. (NYSE: RSG) has surged by 0.17 when compared to previous closing price of 188.92, but the company has seen a -0.24% decline in its stock price over the last five trading sessions. PRNewsWire reported 2024-03-27 that PHOENIX, March 27, 2024 /PRNewswire/ — Republic Services, Inc. (NYSE: RSG) will release its first quarter financial results after market close on Tuesday, April 30, 2024, and host an investor conference call at 5 p.m. Eastern Time that day.

RSG’s Market Performance

Republic Services, Inc. (RSG) has experienced a -0.24% fall in stock performance for the past week, with a 2.33% rise in the past month, and a 14.73% rise in the past quarter. The volatility ratio for the week is 0.75%, and the volatility levels for the past 30 days are at 0.94% for RSG. The simple moving average for the last 20 days is 0.97% for RSG stock, with a simple moving average of 18.43% for the last 200 days.

Analysts’ Opinion of RSG

Many brokerage firms have already submitted their reports for RSG stocks, with Morgan Stanley repeating the rating for RSG by listing it as a “Equal-Weight.” The predicted price for RSG in the upcoming period, according to Morgan Stanley is $199 based on the research report published on March 15, 2024 of the current year 2024.

UBS, on the other hand, stated in their research note that they expect to see RSG reach a price target of $195, previously predicting the price at $175. The rating they have provided for RSG stocks is “Neutral” according to the report published on February 29th, 2024.

Wells Fargo gave a rating of “Overweight” to RSG, setting the target price at $180 in the report published on November 27th of the previous year.

RSG Trading at 4.50% 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 -1.73% of loss for the given period.

Volatility was left at 0.94%, however, over the last 30 days, the volatility rate increased by 0.75%, as shares surge +2.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.09% upper at present.

During the last 5 trading sessions, RSG fell by -0.24%, which changed the moving average for the period of 200-days by +30.92% in comparison to the 20-day moving average, which settled at $187.69. In addition, Republic Services, Inc. saw 14.75% 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 Vander Ark Jon, who sale 5,446 shares at the price of $184.10 back on Mar 04 ’24. After this action, Vander Ark Jon now owns 85,113 shares of Republic Services, Inc., valued at $1,002,609 using the latest closing price.

Hodges Amanda, the EVP, Chief Marketing Officer of Republic Services, Inc., sale 2,712 shares at $148.66 during a trade that took place back on Aug 10 ’23, which means that Hodges Amanda is holding 4,969 shares at $403,166 based on the most recent closing price.

Stock Fundamentals for RSG

Current profitability levels for the company are sitting at:

  • 0.19 for the present operating margin
  • 0.37 for the gross margin

The net margin for Republic Services, Inc. stands at 0.12. The total capital return value is set at 0.1. Equity return is now at value 17.11, with 5.73 for asset returns.

Based on Republic Services, Inc. (RSG), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 1.2. The interest coverage ratio of the stock is 5.39.

Currently, EBITDA for the company is 4.44 billion with net debt to EBITDA at 2.9. When we switch over and look at the enterprise to sales, we see a ratio of 4.84. The receivables turnover for the company is 7.51for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.56.

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.

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