Republic Services Receives a Rating Update from a Top Analyst

By Ryan Adsit

BMO Capital analyst Jeffrey Silber reiterated a Buy rating on Republic Services (NYSE: RSG) today and set a price target of $72. The company’s shares closed yesterday at $63.67.

According to TipRanks.com, Silber is a top 100 analyst with an average return of 20.7% and a 73.5% success rate. Silber covers the Services sector, focusing on stocks such as AMN Healthcare Services Inc, Apollo Education Group Inc, and American Public Education.

Republic Services has an analyst consensus of Hold, with a price target consensus of $68.50.

Republic Services’ market cap is currently $21.46B and has a P/E ratio of 32.65. The company has a book value ratio of 2.8001.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock.

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Republic Services, Inc. engages in the provision of services in the domestic non-hazardous solid waste industry. It provides integrated waste management services, which offers non-hazardous solid waste collection, transfer, recycling, disposal and energy services. The company was founded in 1996 and is headquartered in Phoenix, AZ.