Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Republic Services (RSG) Stock Price

News headlines about Republic Services (NYSE:RSG) have trended somewhat positive on Thursday, according to Accern Sentiment. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Republic Services earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 45.5114004549244 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the headlines that may have impacted Accern’s scoring:

Several brokerages have recently weighed in on RSG. Zacks Investment Research upgraded Republic Services from a “hold” rating to a “strong-buy” rating and set a $75.00 target price for the company in a research note on Wednesday. Bank of America increased their price target on shares of Republic Services from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Monday. Stifel Nicolaus raised shares of Republic Services from a “hold” rating to a “buy” rating and increased their price target for the stock from $70.00 to $73.00 in a research report on Thursday, January 4th. BMO Capital Markets reduced their price target on shares of Republic Services from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, November 6th. Finally, Credit Suisse Group reduced their price target on shares of Republic Services from $69.00 to $67.00 and set a “neutral” rating on the stock in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Republic Services presently has an average rating of “Hold” and an average price target of $69.00.

Republic Services (NYSE RSG) opened at $64.60 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.51 and a current ratio of 0.54. Republic Services has a 12-month low of $57.53 and a 12-month high of $69.40. The company has a market cap of $21,704.54, a PE ratio of 27.37, a PEG ratio of 2.86 and a beta of 0.53.

Republic Services declared that its Board of Directors has approved a stock repurchase program on Thursday, November 2nd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

In other Republic Services news, insider Donald W. Slager sold 32,421 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $64.00, for a total value of $2,074,944.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Donald W. Slager sold 98,132 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $64.19, for a total transaction of $6,299,093.08. Following the completion of the transaction, the chief executive officer now directly owns 322,541 shares in the company, valued at approximately $20,703,906.79. The disclosure for this sale can be found here. Insiders have sold 137,063 shares of company stock worth $8,816,258 in the last ninety days. Corporate insiders own 0.40% of the company’s stock.

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About Republic Services

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’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.

Insider Buying and Selling by Quarter for Republic Services (NYSE:RSG)

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