Republic Services, Inc. (RSG) Monthly Report
Publication Date: September 22, 2024
Company Overview
Republic Services, Inc. (RSG), based in Phoenix, Arizona, stands as a premier environmental services provider across the United States and Canada. Established in 1996, RSG specializes in waste management, offering a diverse array of services for residential and industrial clients, including curbside collection, recycling, and landfill operations. The company has made significant contributions to processing and disposing of recyclable materials, such as old corrugated containers and aluminum, and is dedicated to promoting sustainable practices within both the Industrials sector and Environmental & Facilities Services sub-industry. As a result, RSG presents a strong investment opportunity, indicated by a “buy” recommendation based on its robust market position.
Financial Highlights and Investment Potential
Republic Services boasts an impressive total revenue of approximately $15.57 billion, demonstrating a substantial operational footprint in the market. With 314,068,000 shares outstanding, the company has a low short interest of around 0.0111%, representing just 2,270,787 shares sold short. This suggests limited bearish sentiment, reflecting investors’ confidence in RSG’s future performance as the majority of shares are held by insiders or restricted in trading.
Currently trading at $201.39, RSG’s stock is positioned well against a target high price of $230.00, suggesting significant upside potential. Analysts have projected a mean price target of $216.26, with a median target at $214.00, indicating promising growth prospects. Investors should note the stock’s volatility, having experienced a fifty-two week high of $208.69 and a low of $140.23, necessitating careful analysis of market trends to assess timing for investments.
Market Analysis and Analysts’ Recommendations
With a mean recommendation score of 2.2 from 17 analysts, a buy rating is strongly endorsed for RSG. The target prices highlight an optimistic outlook, with a low price target of $200.00, suggesting resilience in the stock. RSG’s current price is just below its fifty-day moving average of $202.12, indicating a potentially stable or slightly bearish trend short-term. This combination of data points reinforces the attractiveness of Republic Services, Inc. as a reliable investment, poised for growth in an environmentally conscious market.
In conclusion, Republic Services, Inc. offers a compelling opportunity for investors looking to capitalize on the growing demand for sustainable waste management solutions, with strong financial metrics and favorable market sentiment paving the way for future growth.
| Metric | Value |
|---|---|
| Market Cap | $63.3b |
| Total Debt | $13.2b |
| Total Cash | $490.6m |
| Shares Outstanding | 314.1m |
| Float Shares | 203.6m |
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