In a report released yesterday, Devin Dodge from BMO Capital maintained a Buy rating on Republic Services (RSG – Research Report), with a price target of $268.00.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Devin Dodge has given his Buy rating due to a combination of factors that highlight Republic Services’ strong financial performance and strategic positioning. The company’s first-quarter results for 2025 exceeded expectations, with adjusted EBITDA and EPS surpassing both BMO Capital’s and consensus estimates. This outperformance was largely attributed to robust pricing strategies and effective cost management, leading to an all-time high quarterly performance in the Solid Waste business segment.
Furthermore, Republic Services has demonstrated a solid pipeline for mergers and acquisitions, having already invested significantly in this area during the first quarter. This strategic focus on acquisitions, along with the anticipated improvements in revenue and margins from recent deals, supports a positive outlook for the company’s growth trajectory. Additionally, the upward revision of the target price to $268 reflects the optimistic earnings estimates and the company’s ability to maintain industry-leading margins, further justifying the Buy rating.
Dodge covers the Industrials sector, focusing on stocks such as Clean Harbors, Enviri, and Republic Services. According to TipRanks, Dodge has an average return of 10.1% and a 68.20% success rate on recommended stocks.
In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $265.00 price target.