In the latest analyst update, Raymond James has maintained its "Outperform" rating for Republic Services (RSG, Financial). The investment firm, through analyst Patrick Tyler Brown, has also raised the price target for RSG from $257.00 to $260.00 USD. This adjustment signifies a 1.17% increase from the previous target.
Republic Services (RSG, Financial), recognized on the NYSE, continues to benefit from an optimistic market outlook, as indicated by the reaffirmed positive rating and increased price target. The price target adjustment reflects a strengthened confidence in the company's performance and potential growth trajectory.
Keeping the "Outperform" rating, Raymond James suggests that Republic Services (RSG, Financial) is expected to perform better than the broader market in the coming period, solidifying its position as a strong consideration for investors looking for gains in the waste management sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Republic Services Inc (RSG, Financial) is $262.33 with a high estimate of $290.00 and a low estimate of $181.32. The average target implies an upside of 8.67% from the current price of $241.41. More detailed estimate data can be found on the Republic Services Inc (RSG) Forecast page.
Based on the consensus recommendation from 24 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 $203.30, suggesting a downside of 15.79% from the current price of $241.41. 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.
