On Oct 31, major Wall Street analysts update their ratings for $Republic Services (RSG.US)$, with price targets ranging from $217 to $244.
Morgan Stanley analyst Toni Kaplan maintains with a hold rating, and adjusts the target price from $208 to $217.
BofA Securities analyst Michael Feniger maintains with a buy rating, and adjusts the target price from $205 to $225.
Jefferies analyst Stephanie Moore maintains with a buy rating, and adjusts the target price from $229 to $235.
TD Cowen analyst James Schumm maintains with a hold rating, and adjusts the target price from $200 to $220.
Oppenheimer analyst Noah Kaye maintains with a buy rating, and adjusts the target price from $210 to $220.
Furthermore, according to the comprehensive report, the opinions of $Republic Services (RSG.US)$'s main analysts recently are as follows:
The perception of Republic Services' outlook among investors is thought to have been misunderstood, with expectations for a strong fourth quarter. Seasonal trends may show some weakness, but this is anticipated to be partly balanced out by the surge in hurricane-related activity.
Republic Services has surpassed the third-quarter consensus for adjusted EBITDA/EPS despite a gentler revenue performance. The company has signaled confidence in reaching the upper range of its FY24 EBITDA forecast and the lower spectrum of its sales projection. Additionally, it has provided a preliminary outlook for FY25 that aligns closely with the general market expectations.
Following Republic Services' third-quarter earnings surpassing forecasts, expectations are now set for its 2024 adjusted EBITDA to potentially touch the upper spectrum of the prior guidance. Looking forward, the company's advancements in its Environmental Solutions segment are seen as promising, suggesting a strong stance as the company approaches 2025.
Here are the latest investment ratings and price targets for $Republic Services (RSG.US)$ from 9 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.