Republic Services Inc (RSG): Today's Featured Materials & Construction Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Materials & Construction industry lower today making it today's featured Materials & Construction laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Republic Services fell $0.87 (-2.5%) to $34.27 on average volume. Throughout the day, 1,990,938 shares of Republic Services exchanged hands as compared to its average daily volume of 1,512,200 shares. The stock ranged in price between $33.99-$35.25 after having opened the day at $34.87 as compared to the previous trading day's close of $35.14. Other companies within the Materials & Construction industry that declined today were:
(
), down 30.6%,
(
), down 4.7%,
Great Lakes Dredge & Dock Corporation
(
), down 4.5% and
Perma-Fix Environmental Services
(
), down 4.4%.
Republic Services, Inc., together with its subsidiaries, provides non-hazardous solid waste collection, transfer, and recycling and disposal services for commercial, industrial, municipal, and residential customers in the United States and Puerto Rico. Republic Services has a market cap of $12.7 billion and is part of the industrial goods sector. Shares are up 19.8% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Republic Services a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Republic Services
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full Republic Services Ratings Report.
On the positive front,
China Recycling Energy Corporation
(
), up 13.6%,
(
), up 4.0%,
China Advanced Construction Materials Group
(
), up 3.5% and
Integrated Electrical Services
(
), up 2.9% , were all gainers within the materials & construction industry with
(
) being today's featured materials & construction industry leader.
- Use our materials & construction section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the materials & construction industry could consider
(
) while those bearish on the materials & construction industry could consider
ProShares Short Basic Materials Fd
(
).
- Find other investment ideas from our top rated ETFs lists.
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