Oppenheimer Remains a Buy on Republic Services (RSG)

In a report issued on October 15, Noah Kaye from Oppenheimer maintained a Buy rating on Republic Services (RSGResearch Report), with a price target of $100.00. The company’s shares closed last Friday at $93.57.

According to TipRanks.com, Kaye is a 5-star analyst with an average return of 9.0% and a 60.9% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation, Johnson Controls, and Dana Holding.

Republic Services has an analyst consensus of Moderate Buy, with a price target consensus of $100.60.

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Republic Services’ market cap is currently $29.8B and has a P/E ratio of 28.30. The company has a Price to Book ratio of -8.34.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RSG in relation to earlier this year. Most recently, in August 2020, Donald Slager, the CEO and Director of RSG sold 65,914 shares for a total of $6,007,771.

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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.