The price-to-earnings ratio for Republic Services, Inc. (NYSE: RSG) is above average at 35.12x. The 36-month beta value for RSG is also noteworthy at 0.68. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
The public float for RSG is 204.61M, and at present, short sellers hold a 1.10% of that float. The average trading volume of RSG on April 25, 2024 was 1.27M shares.
RSG) stock’s latest price update
The stock price of Republic Services, Inc. (NYSE: RSG) has surged by 0.72 when compared to previous closing price of 190.61, but the company has seen a 1.61% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-24 that Republic Services (RSG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
RSG’s Market Performance
Republic Services, Inc. (RSG) has seen a 1.61% rise in stock performance for the week, with a 1.19% gain in the past month and a 13.38% surge in the past quarter. The volatility ratio for the week is 1.20%, and the volatility levels for the past 30 days are at 1.09% for RSG. The simple moving average for the past 20 days is 1.46% for RSG’s stock, with a 17.93% simple moving average for the past 200 days.
Analysts’ Opinion of RSG
Many brokerage firms have already submitted their reports for RSG stocks, with RBC Capital Mkts repeating the rating for RSG by listing it as a “Sector Perform.” The predicted price for RSG in the upcoming period, according to RBC Capital Mkts is $198 based on the research report published on April 08, 2024 of the current year 2024.
Morgan Stanley gave a rating of “Equal-Weight” to RSG, setting the target price at $199 in the report published on March 15th of the current year.
RSG Trading at 3.16% 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 -0.52% of loss for the given period.
Volatility was left at 1.09%, however, over the last 30 days, the volatility rate increased by 1.20%, as shares surge +1.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.62% upper at present.
During the last 5 trading sessions, RSG rose by +1.61%, which changed the moving average for the period of 200-days by +27.24% in comparison to the 20-day moving average, which settled at $189.35. In addition, Republic Services, Inc. saw 16.42% 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 4.91. 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 summary, Republic Services, Inc. (RSG) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.
