Truist has increased its price target for Republic Services (RSG, Financial) from $250 to $270, maintaining a Buy rating on the stock. The investment firm remains optimistic about the waste services sector, particularly as the first-quarter results approach.
Truist believes that the waste services industry, which includes Republic Services, is well-positioned to outperform in the market. This sector benefits from consistent demand, even amid persistent inflation, due to its defensive business models and minimal exposure to tariff fluctuations.
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 $249.68 with a high estimate of $267.00 and a low estimate of $178.50. The average target implies an upside of 4.74% from the current price of $238.37. 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 $198.79, suggesting a downside of 16.6% from the current price of $238.37. 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.
