Sunday, September 27, 2020

Republic Services Inc. [RSG] Revenue clocked in at $10.23 billion, up 4.28% YTD: What’s Next?

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Republic Services Inc. [NYSE: RSG] stock went on a downward path that fall over -1.31% on Thursday, amounting to a one-week price increase of more than 0.85%. The company report on August 20, 2020 that Republic Services Issues $650 Million of 1.450% Senior Notes Due 2031.

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Republic Services, Inc. (“Republic”) (NYSE: RSG) today announced that it closed an offering of $650 million 1.450% senior notes due February 2031. The net proceeds of the offering will be used to finance the call of its 5.250% senior notes due November 2021. The redemption is expected to occur on September 10, 2020.

Over the last 12 months, RSG stock rose by 5.25%. The one-year Republic Services Inc. stock forecast points to a potential downside of -3.57. The average equity rating for RSG stock is currently 2.10, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $29.69 billion, with 319.00 million shares outstanding and 317.39 million shares in the current float. Compared to the average trading volume of 1.12M shares, RSG stock reached a trading volume of 2672215 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Republic Services Inc. [RSG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RSG shares is $90.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RSG stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Robert W. Baird have made an estimate for Republic Services Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 29, 2020. While these analysts kept the previous recommendation, Jefferies dropped their target price from $83 to $81. The new note on the price target was released on April 14, 2020, representing the official price target for Republic Services Inc. stock. Previously, the target price had yet another raise to $85, while JP Morgan analysts kept a Overweight rating on RSG stock.

The Average True Range (ATR) for Republic Services Inc. is set at 1.45, with the Price to Sales ratio for RSG stock in the period of the last 12 months amounting to 2.90. The Price to Book ratio for the last quarter was 3.62. Price to Free Cash Flow for RSG in the course of the last twelve months was 38.59 with Quick ratio for the last quarter at 0.70.

RSG Stock Performance Analysis:

Republic Services Inc. [RSG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.85. With this latest performance, RSG shares gained by 8.06% in over the last four-week period, additionally sinking by -2.15% over the last 6 months – not to mention a rise of 5.25% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RSG stock in for the last two-week period is set at 70.39, with the RSI for the last a single of trading hit 67.35, and the three-weeks RSI is set at 66.26 for Republic Services Inc. [RSG]. The present Moving Average for the last 50 days of trading for this stock 86.89, while it was recorded at 93.42 for the last single week of trading, and 86.38 for the last 200 days.

Insight into Republic Services Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Republic Services Inc. [RSG] shares currently have an operating margin of +17.81 and a Gross Margin at +28.26. Republic Services Inc.’s Net Margin is presently recorded at +10.42.

Return on Total Capital for RSG is now 11.00, given the latest momentum, and Return on Invested Capital for the company is 6.78. Return on Equity for this stock inclined to 13.38, with Return on Assets sitting at 4.85. When it comes to the capital structure of this company, Republic Services Inc. [RSG] has a Total Debt to Total Equity ratio set at 110.28. Additionally, RSG Total Debt to Total Capital is recorded at 52.44, with Total Debt to Total Assets ending up at 39.47. Long-Term Debt to Equity for the company is recorded at 98.19, with the Long-Term Debt to Total Capital now at 46.69.

Reflecting on the efficiency of the workforce at the company, Republic Services Inc. [RSG] managed to generate an average of $29,814 per employee. Receivables Turnover for the company is 7.48 with a Total Asset Turnover recorded at a value of 0.46.Republic Services Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.80.

RSG Stock EPS

With the latest financial reports released by the company, Republic Services Inc. posted 0.91/share EPS, while the average EPS was predicted by analysts to be reported at 0.85/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 7.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RSG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Republic Services Inc. go to 7.11%.

Republic Services Inc. [RSG] Insider Position Details

There are presently around $17,442 million, or 93.50% of RSG stock, in the hands of institutional investors. The top three institutional holders of RSG stocks are: BLACKROCK INC. with ownership of 22,135,062, which is approximately -2.844% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 18,543,395 shares of the stock with an approximate value of $1.73 billion in RSG stocks shares; and STATE STREET CORP, currently with $1.0 billion in RSG stock with ownership of nearly -1.011% of the company’s market capitalization.

Positions in Republic Services Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 356 institutional holders increased their position in Republic Services Inc. [NYSE:RSG] by around 15,083,926 shares. Additionally, 350 investors decreased positions by around 12,702,026 shares, while 103 investors held positions by with 158,814,495 shares. The mentioned changes placed institutional holdings at 186,600,447 shares, according to the latest SEC report filing. RSG stock had 85 new institutional investments in for a total of 4,021,023 shares, while 51 institutional investors sold positions of 988,390 shares during the same period.

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