#8 - Republic Services (NYSE:RSG)
Republic Services (NYSE: RSG) - Republic Services is another defensive stock to consider. If you’re a customer, you see their name and logo every time you put out your trash for pickup. The company is the less well-known rivaling Waste Management in this sector. Republic Services has had strong growth through acquisition in the last several years. This is one reason it has outgrown Waste Management in both its sales and earnings numbers over the last five years. And investors seem to like their stock as they have it valued higher than Waste Management. A long-term benefit for Republic Services is that its growth is built on contracted revenue that it derives from local governments and municipalities as well as from its residential and business customers. Critics will point out that RSG’s earnings and cash flow growth were significantly impacted in a positive way when the U.S. corporate tax was cut at the end of 2017. However, analysts uniformly cited that the company demonstrated solid underlying business performance that made the tax cut an additive benefit, not the sole reason for growth. Its current dividend yield is 2.1%.
About Republic Services
Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.
Read More - Current Price
- $216.79
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 9 Buy Ratings, 9 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $215.71 (0.5% Downside)
