Republic Services Has A 'Wide Pipeline Of Accretive Tuck-In Opportunities,' Says Bullish Analyst
Republic Services Has A 'Wide Pipeline Of Accretive Tuck-In Opportunities,' Says Bullish Analyst
Shares of Republic Services Inc (NYSE:RSG) were climbing in early trading on Thursday.
週四早盤，共和廢品處理股票（紐交所：RSG）上漲。
The stock is trading at a discount of around 10% to its direct Solid Waste peers, while the company's growing Environmental Services platform has the potential for margin expansion, according to Truist Securities.
據Truist Securities稱，該股票的交易價格比其直接的固體廢物同行公司便宜約10％，而該公司不斷增長的環保服務業務具有利潤增長的潛力。
The Republic Services Analyst: Tobey Sommer upgraded the rating Republic Services for from Hold to Buy, while raising the price target from $192 to $220.
共和廢品處理分析師Tobey Sommer將共和廢品處理公司的評級從持有升級爲買入，並將價格目標從192美元上調至220美元。
The Republic Services Thesis: While the company's Environmental Services segment offers pricing-led growth, there are opportunities for accretive mergers and acquisitions (M&As), Sommer said in the upgrade note.
在升級報告中，Sommer 表示，儘管公司的環保服務部門提供以價格爲導向的增長，但該公司有機會進行兼併和收購（M&A），以實現增值。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
Republic Services could execute to $500 million in annual solid waste M&A spend over the next eight to 10 years, Sommer added.
Sommer 補充道，共和廢品處理在未來8到10年內每年可執行5億美元的固體廢物 M&A 消費計劃。
"We see additional opportunity adding to the growing ES platform with an estimated ~$18B in private ES revenues," the analyst wrote. The company is likely to raise its 2024 guidance when it announces its second-quarter earnings next month, he said.
“我們看到在增長中的環保服務業平台上還有額外的機會，約有180億美元的私有環保服務收入，”分析師寫道。他說，該公司很可能會在下個月公佈第二季度業績時提高其2024年的業績指引。
"Leverage has now declined to 2.8x, the lowest in the group, and we believe the company has a wide pipeline of accretive tuck-in opportunities in Solid Waste, Recycling and Environmental Services," Sommer further stated.
Sommer 還認爲：“槓桿率現已下降至集團中最低的2.8倍，我們認爲該公司在固體廢物、回收和環保服務領域擁有廣泛的增值機會。”
RSG Price Action: Shares of Republic Services had risen by 0.67% to $198.20 at the time of publication on Thursday.
截至週四發佈時，共和廢品處理公司的股票價格已上漲0.67％至198.20美元。
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譯文內容由第三人軟體翻譯。