The stock price of Republic Services, Inc. (NYSE: RSG) has surged by 0.04 when compared to previous closing price of 205.53, but the company has seen a 1.25% gain in its stock price over the last five trading sessions. youtube.com reported 2024-10-15 that Republic Services CEO Jon Vander Ark joins ‘Squawk Box’ to discuss the state of waste management demand, the company’s U.S. footprint, electrification push, impact of AI, and more.
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 34.45x compared to its average ratio, The 36-month beta value for RSG is at 0.70. 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.”
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The public float for RSG is 203.83M, and currently, shorts hold a 1.36% of that float. The average trading volume for RSG on October 18, 2024 was 1.04M shares.
RSG’s Market Performance
RSG’s stock has seen a 1.25% increase for the week, with a 3.23% rise in the past month and a 1.06% gain in the past quarter. The volatility ratio for the week is 1.11%, and the volatility levels for the past 30 days are at 1.27% for Republic Services, Inc. The simple moving average for the past 20 days is 1.46% for RSG’s stock, with a 8.04% simple moving average for the past 200 days.
Analysts’ Opinion of RSG
Many brokerage firms have already submitted their reports for RSG stocks, with Scotiabank repeating the rating for RSG by listing it as a “Sector Perform.” The predicted price for RSG in the upcoming period, according to Scotiabank is $224 based on the research report published on October 04, 2024 of the current year 2024.
Truist gave a rating of “Buy” to RSG, setting the target price at $220 in the report published on July 11th of the current year.
RSG Trading at 0.94% 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 -1.47% of loss for the given period.
Volatility was left at 1.27%, however, over the last 30 days, the volatility rate increased by 1.11%, as shares surge +2.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.01% upper at present.
During the last 5 trading sessions, RSG rose by +1.25%, which changed the moving average for the period of 200-days by +24.66% in comparison to the 20-day moving average, which settled at $202.67. In addition, Republic Services, Inc. saw 24.69% 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 Collins Tomago, who sale 3,200 shares at the price of $203.01 back on Aug 16 ’24. After this action, Collins Tomago now owns 17,486 shares of Republic Services, Inc., valued at $649,625 using the latest closing price.
Collins Tomago, the Director of Republic Services, Inc., proposed sale 3,200 shares at $203.01 during a trade that took place back on Aug 16 ’24, which means that Collins Tomago is holding shares at $649,617 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
- 0.35 for the gross margin
The net margin for Republic Services, Inc. stands at 0.12. The total capital return value is set at 0.11. Equity return is now at value 17.78, with 6.10 for asset returns.
Based on Republic Services, Inc. (RSG), the company’s capital structure generated 0.54 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 1.18. The interest coverage ratio of the stock is 5.6.
Currently, EBITDA for the company is 4.44 billion with net debt to EBITDA at 2.69. When we switch over and look at the enterprise to sales, we see a ratio of 4.96. The receivables turnover for the company is 8.01for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.59.
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.
