Republic Services Has A 'Wide Pipeline Of Accretive Tuck-In Opportunities,' Says Bullish Analyst
Republic Services Has A 'Wide Pipeline Of Accretive Tuck-In Opportunities,' Says Bullish Analyst
Shares of Republic Services Inc (NYSE:RSG) were climbing in early trading on Thursday.
周四早盘，共和废品处理股票（纽交所：RSG）上涨。
The stock is trading at a discount of around 10% to its direct Solid Waste peers, while the company's growing Environmental Services platform has the potential for margin expansion, according to Truist Securities.
据Truist Securities称，该股票的交易价格比其直接的固体废物同行公司便宜约10％，而该公司不断增长的环保服务业务具有利润增长的潜力。
The Republic Services Analyst: Tobey Sommer upgraded the rating Republic Services for from Hold to Buy, while raising the price target from $192 to $220.
共和废品处理分析师Tobey Sommer将共和废品处理公司的评级从持有升级为买入，并将价格目标从192美元上调至220美元。
The Republic Services Thesis: While the company's Environmental Services segment offers pricing-led growth, there are opportunities for accretive mergers and acquisitions (M&As), Sommer said in the upgrade note.
在升级报告中，Sommer 表示，尽管公司的环保服务部门提供以价格为导向的增长，但该公司有机会进行兼并和收购（M&A），以实现增值。
Check out other analyst stock ratings.
查看其他分析师的股票评级。
Republic Services could execute to $500 million in annual solid waste M&A spend over the next eight to 10 years, Sommer added.
Sommer 补充道，共和废品处理在未来8到10年内每年可执行5亿美元的固体废物 M&A 消费计划。
"We see additional opportunity adding to the growing ES platform with an estimated ~$18B in private ES revenues," the analyst wrote. The company is likely to raise its 2024 guidance when it announces its second-quarter earnings next month, he said.
“我们看到在增长中的环保服务业平台上还有额外的机会，约有180亿美元的私有环保服务收入，”分析师写道。他说，该公司很可能会在下个月公布第二季度财报时提高其2024年的业绩指引。
"Leverage has now declined to 2.8x, the lowest in the group, and we believe the company has a wide pipeline of accretive tuck-in opportunities in Solid Waste, Recycling and Environmental Services," Sommer further stated.
Sommer 还认为：“杠杆率现已下降至集团中最低的2.8倍，我们认为该公司在固体废物、回收和环保服务领域拥有广泛的增值机会。”
RSG Price Action: Shares of Republic Services had risen by 0.67% to $198.20 at the time of publication on Thursday.
截至周四发布时，共和废品处理公司的股票价格已上涨0.67％至198.20美元。
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