New Lifetime High Reached: Republic Services (RSG)

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.

Trade-Ideas LLC identified Republic Services ( RSG) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Republic Services as such a stock due to the following factors:

  • RSG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $64.8 million.
  • RSG has traded 81,289 shares today.
  • RSG is trading at a new lifetime high.

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More details on RSG:

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. The stock currently has a dividend yield of 2.9%. RSG has a PE ratio of 19.4. Currently there are 5 analysts that rate Republic Services a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for Republic Services has been 1.5 million shares per day over the past 30 days. Republic Services has a market cap of $13.7 billion and is part of the industrial goods sector and materials & construction industry. The stock has a beta of 0.53 and a short float of 2.3% with 4.17 days to cover. Shares are up 17.1% year-to-date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Republic Services as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

Highlights from the ratings report include:
  • RSG's revenue growth has slightly outpaced the industry average of 5.1%. Since the same quarter one year prior, revenues slightly increased by 5.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • REPUBLIC SERVICES INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, REPUBLIC SERVICES INC increased its bottom line by earning $1.61 versus $1.55 in the prior year. This year, the market expects an improvement in earnings ($1.98 versus $1.61).
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Commercial Services & Supplies industry average. The net income increased by 217.9% when compared to the same quarter one year prior, rising from $56.30 million to $179.00 million.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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