Seaport Global has initiated coverage on Republic Services (RSG, Financial) with a "Buy" rating. This move highlights a positive outlook for the company within the waste management sector.
Analyst John Mazzoni from Seaport Global has set a price target of $270.00 USD for Republic Services (RSG, Financial). This indicates confidence in the company's potential for growth and its future market performance.
The coverage initiation by Seaport Global marks a significant development for Republic Services (RSG, Financial), providing investors with new insights and valuation benchmarks. As of now, there is no prior rating or price target from Seaport Global to compare with, making this an inaugural appraisal from the analyst.
Republic Services (RSG, Financial) continues to be closely watched by investors and analysts as it navigates the evolving dynamics of the waste management industry. The "Buy" rating suggests that Seaport Global sees potential upside for the stock at the current market levels.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Republic Services Inc (RSG, Financial) is $258.31 with a high estimate of $280.00 and a low estimate of $181.32. The average target implies an upside of 2.98% from the current price of $250.85. More detailed estimate data can be found on the Republic Services Inc (RSG) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Republic Services Inc's (RSG, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Republic Services Inc (RSG, Financial) in one year is $202.77, suggesting a downside of 19.17% from the current price of $250.85. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Republic Services Inc (RSG) Summary page.
