Is Momentum Waning From Republic Services, Inc. (RSG), AECOM (ACM)?

Republic Services, Inc. (RSG) sank -0.78% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 25.19% and is now up by 7.6% since start of this year. A look at its monthly performance shows that the stock has recorded a 3.91% gain over the past 30 days. Its equity price climbed by 4.78% over the past three months which led to its overall six-month increase to stand at 6.46%.

Experts from research firms are bullish about the near-term performance of Republic Services, Inc. with most of them predicting a $77.38 price target on a short-term (12 months) basis. The average price target by the analysts will see a -0.24% rise in the stock and would lead to RSG’s market cap to surge to $25.46B. The stock has been rated an average 2.4, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 11 analysts that track Republic Services, Inc. (NYSE:RSG) and find out that 6 of them rated it as a Hold. 4 of the 5 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

A look at RSG technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 60.26 point. Its trading volume has lost -528037 shares compared to readings over the past three months as it recently exchanged 1101963 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1630000 shares, and this is 0.68 times the normal volume.

The price of AECOM (NYSE:ACM) currently stands at $29.88 after it went up by $0.81 or 2.79% and has found a strong support at $29.43 a share. If the ACM price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $28.97 mark would also be bad for the stock as it means that the stock would plunge by 3.05% from its current position. However, if the stock price is able to trade above the resistance point around $30.18, then it could likely surge higher to try and break the upward resistance which stands at $30.47 a share. Its average daily volatility over the past one month stands at 2.64%. The stock has plunged by 2.04% from its 52-weeks high of $29.27 which it reached on Mar. 21, 2018. In general, it is 16.9% above its 52-weeks lowest point which stands at $24.83 and this setback was observed on Dec. 26, 2018.

Analysts have predicted a price target for AECOM (ACM) for 1 year and it stands at an average $35/share. This means that it would likely increase by 17.14% from its current position. The current price of the stock has been moving between $29.27 and $30.02. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $30. On the other hand, one analyst is super bullish about the price, setting a target as high as $40.

The ACM stock Stochastic Oscillator (%D) is at 20.37%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 0.23 which compares to the 4.5 recorded by the industry or the 2.19 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 9.46, which is lower than the 71.65 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -25.3% over the past five years.

Analysts view AECOM (NYSE:ACM) as a Hold, with 2.3 consensus rating. Reuters surveyed 11 analysts that follow ACM and found that 4 of those analysts rated the stock as a Hold. The remaining 7 were divided, with 6 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying AECOM (ACM) shares or sell it if they already own it.