Republic Services (RSG) Stock Forecast & Price Target

$199.38

-1.39 (-0.69%)

(As of 09/27/2024 ET)

Republic Services - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 18 Analyst Ratings

Sell
0

Hold
10

Buy
8

Based on 18 Wall Street analysts who have issued ratings for Republic Services in the last 12 months, the stock has a consensus rating of "Hold." Out of the 18 analysts, 10 have given a hold rating, and 8 have given a buy rating for RSG.

Consensus Price Target

$211.00
5.83% Upside

According to the 18 analysts' twelve-month price targets for Republic Services, the average price target is $211.00. The highest price target for RSG is $230.00, while the lowest price target for RSG is $188.00. The average price target represents a forecasted upside of 5.83% from the current price of $199.38.

RSG Analyst Ratings Over Time

Type	Current Forecast 9/29/23 to 9/28/24	1 Month Ago 8/30/23 to 8/29/24	3 Months Ago 7/1/23 to 6/30/24	1 Year Ago 9/29/22 to 9/29/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)
Hold	10 Hold rating(s)	10 Hold rating(s)	8 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$211.00	$211.00	$201.14	$159.00
Forecasted Upside	5.83% Upside	2.46% Upside	3.50% Upside	11.60% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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RSG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RSG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Republic Services Stock vs. The Competition

Type	Republic Services	Business Services Companies	S&P 500
Consensus Rating Score	2.44	2.65	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	5.83% Upside	304.25% Upside	6.13% Upside
News Sentiment Rating	Positive News See Recent RSG News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/5/2024	TD Cowen 4 of 5 stars		Boost Target	Hold ➝ Hold	$195.00 ➝ $200.00	+3.07%
7/25/2024	Raymond James 4 of 5 stars		Lower Target	Outperform ➝ Outperform	$219.00 ➝ $214.00	+11.08%
7/25/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Sector Perform ➝ Sector Perform	$201.00 ➝ $211.00	+9.00%
7/25/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$196.00 ➝ $208.00	+7.32%
7/25/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$209.00 ➝ $211.00	+8.86%
7/25/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$211.00 ➝ $210.00	+4.97%
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7/25/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$215.00 ➝ $230.00	+14.97%
7/25/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$208.00 ➝ $210.00	+5.17%
7/11/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Sommer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$192.00 ➝ $220.00	+11.74%
5/23/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$203.00	+8.69%
5/1/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$211.00 ➝ $213.00	+14.52%
5/1/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$195.00 ➝ $200.00	+8.34%
4/16/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$209.00 ➝ $230.00	+21.80%
3/18/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$213.00 ➝ $225.00	+19.76%
3/15/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight	$199.00	+6.80%
2/29/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$190.00 ➝ $215.00	+17.12%
2/6/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$180.00 ➝ $188.00	+8.51%
10/17/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Peer Perform
4/27/2023	22nd Century Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/27/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 02:50 PM ET.

Should I Buy Republic Services Stock? RSG Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, September 23, 2024. Please send any questions or comments about these Republic Services pros and cons to contact@marketbeat.com.

Republic Services
Bull Case

Here are some ways that investors could benefit from investing in Republic Services, Inc.:

Republic Services, Inc. has shown consistent growth in its stock price, currently trading at $205.79, with a 1 year high of $208.69.
The company has a strong market capitalization of $64.81 billion, indicating stability and potential for long-term growth.
Republic Services reported earnings per share of $1.61 for the last quarter, surpassing analyst expectations, showcasing financial strength.
The recent increase in the quarterly dividend to $0.58 per share indicates a commitment to rewarding shareholders and potential for income generation.
Analysts have generally positive ratings on Republic Services, with a consensus rating of "Hold" and an average price target of $211.00, suggesting further upside potential.

Republic Services
Bear Case

Investors should be bearish about investing in Republic Services, Inc. for these reasons:

Republic Services, Inc. has a relatively high PE ratio of 36.10, which may indicate the stock is currently overvalued.
The company's debt-to-equity ratio of 1.05 suggests a moderate level of debt, which could impact financial flexibility and risk profile.
While the company has shown growth, the PEG ratio of 3.29 may indicate that the stock is not undervalued in relation to its earnings growth potential.
Recent insider selling activity, such as Director Tomago Collins selling 3,200 shares, could raise concerns about insider sentiment towards the stock.
With a beta of 0.70, Republic Services may be less volatile than the market average, potentially limiting short-term trading opportunities for investors seeking higher returns.

RSG Forecast - Frequently Asked Questions

: According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Republic Services is $211.00, with a high forecast of $230.00 and a low forecast of $188.00.
: 18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Republic Services in the last twelve months. There are currently 10 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RSG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RSG, but not buy additional shares or sell existing shares.
: According to analysts, Republic Services's stock has a predicted upside of 5.83% based on their 12-month stock forecasts.
: Over the previous 90 days, Republic Services's stock had 1 upgrade by analysts.
: Republic Services has been rated by research analysts at BMO Capital Markets, CIBC, Oppenheimer, Raymond James, Robert W. Baird, Royal Bank of Canada, Stifel Nicolaus, TD Cowen, and Truist Financial in the past 90 days.
: Analysts like Republic Services less than other "business services" companies. The consensus rating for Republic Services is Hold while the average consensus rating for "business services" companies is Moderate Buy. Learn more on how RSG compares to other companies.

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This page (NYSE:RSG) was last updated on 9/28/2024 by MarketBeat.com Staff

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