BB&T Starts Stock Coverage on Republic Services (RSG)

By admin | 6 years ago

BB&T (NYSE: BBT) initiated coverage on shares of Republic Services (NYSE: RSG) in a research note issued on Wednesday. The firm set a “hold” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at Wedbush downgraded shares of Republic Services from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, May 14th. They now have a $29.00 price target on the stock, down previously from $31.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Republic Services in a research note to investors on Monday, April 30th. They now have a $28.00 price target on the stock. Finally, analysts at First Analysis initiated coverage on shares of Republic Services in a research note to investors on Monday, April 30th. They set an “overweight” rating on the stock.

Shares of Republic Services opened at 26.91 on Wednesday. Republic Services has a one year low of $24.72 and a one year high of $31.86. The company has a market cap of $9.963 billion and a P/E ratio of 17.59.

Republic Services last posted its quarterly earnings results on Thursday, April 26th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.42 by $0.04. The company’s quarterly revenue was up 1.0% on a year-over-year basis. Analysts expect that Republic Services will post $0.52 EPS next quarter.

Republic Services, Inc. (Republic) is a provider of services in the domestic non-hazardous solid waste industry.

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