Republic Services (NYSE:RSG):
This America Recycles Day, Remember to Practice Empty, Clean & Dry.
The company is now down by 0.97% percent from yesterday’s close.
Republic Services, Inc., launched on December 20, 1996, is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Business’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States. Group 2 consists of geographic areas located in Texas, the southeastern and portions of the mid-western United States, and the eastern seaboard of the United States. As of December 31, 2016, it operated in 39 states and Puerto Rico through 333 collection operations, 204 transfer stations, 192 active landfills, 64 recycling centers, seven treatment, recovery and disposal facilities, and 10 salt water disposal wells. As of December 31, 2016, it also operated 71 landfill gas and renewable energy projects and had post-closure responsibility for 124 closed landfills..
The most current P/E ratio is 26.82 and market cap is 21.16B. As of the last earnings report the EPS was $2.36 with 334.22M shares currently outstanding.
Investors are feeling more bearish on the company looking at the uptick in short interest. The firm experienced a rise in short interest between September 29, 2017 and October 13, 2017 of 13.71%. Short interest increased from 3,035,768 to 3,451,977 over that timeframe. Days to cover decreased from 3.0 to 2.0 and the percentage of shorted shares was 0.01% on October 13.
Several ratings analysts have issued ratings on RSG. Equity analyst Credit Suisse Group lowered the price target on November 6 changing the forecast from $69.00 to $67.00 with a “Neutral” recommendation. BMO Capital Markets lowered the price target on November 6 changing the price objective from $72.00 to $70.00 with a rating of “Outperform”.
October 13 investment analysts at BMO Capital Markets made no change to the company rating of “Buy” projecting a price of $72.00. Bank of America Corporation lowered the price target of the stock on October 5 cutting the projection from $72.00 to $70.00 and issued a “Buy” rating.
September 7 investment analysts at Royal Bank Of Canada reiterated a “Outperform” rating on the company.