TD Cowen analyst James Schumm maintains $Republic Services (RSG.US)$ with a hold rating, and adjusts the target price from $200 to $220.
According to TipRanks data, the analyst has a success rate of 43.5% and a total average return of 1.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Republic Services (RSG.US)$'s main analysts recently are as follows:
The firm suggests that the market may have misunderstood the company's communications, anticipating that the fourth quarter will show strong performance. This view is based on the expectation that typical seasonal declines will be mitigated somewhat by the added volume of waste generated by hurricane activity.
Republic Services surpassed Q3 adjusted EBITDA/EPS estimates despite a milder revenue performance. The company conveyed optimism about reaching the upper range of its FY24 EBITDA forecast and the lower spectrum of its sales outlook. Additionally, the company's preliminary FY25 outlook appears to align generally with consensus expectations.
Following Republic Services' Q3 earnings surpassing expectations, projections for the company's 2024 adjusted EBITDA are now anticipated to align with the upper spectrum of prior forecasts. Looking forward, the company's advancements within its Environmental Solutions segment are seen as a positive indicator of its strategic positioning as it approaches 2025.
Note:
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