James Schumm, an analyst from TD Cowen, maintained the Hold rating on Republic Services (RSG – Research Report). The associated price target is $235.00.
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James Schumm has given his Hold rating due to a combination of factors that reflect both potential and caution for Republic Services. While the company continues to demonstrate strong operational performance, evidenced by impressive expense control and favorable Environmental Solutions margins, the guidance for 2025 appears conservative. Despite raising the price target to $235, the limited upside potential relative to this target suggests a more cautious stance.
Republic Services’ plans for increased acquisition spending in 2025 indicate potential for growth, but the expected $1 billion in spending, although significant, is not unprecedented for a company of this size. The company’s revenue and EBITDA growth projections are in line with historical trends but slightly below some competitors. The conservative nature of the guidance, coupled with external factors like weaker commodity prices and uncertainty about tax credits, suggests that while there are opportunities for upward revisions, a Hold rating is warranted at this time.
In another report released yesterday, Morgan Stanley also maintained a Hold rating on the stock with a $230.00 price target.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RSG in relation to earlier this year.