James Schumm, an analyst from TD Cowen, maintained the Hold rating on Republic Services. The associated price target is $250.00.
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James Schumm has given his Hold rating due to a combination of factors impacting Republic Services’ stock performance. While the company has shown strong execution and outperformed many peers over the past year, the benefits from recent storms and wildfires are diminishing, revealing potential weaknesses in economically sensitive markets. The stock’s attractiveness has increased following a recent decline, but the uncertain volume outlook suggests caution.
Despite a solid second quarter with adjusted EBITDA growth and margin expansion, Republic Services faced challenges such as a slight revenue miss and cautious commentary on volume trends. The company’s revenue guidance for 2025 was slightly reduced, although EBITDA guidance remained stable. Additionally, while construction and special waste volumes saw significant growth due to past events, these benefits are likely peaking, and underlying weaknesses in key markets could hinder future performance.
In another report released on July 31, Scotiabank also maintained a Hold rating on the stock with a $260.00 price target.