JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Republic Services (NYSE:RSG) Stock

Key Points

• JPMorgan raised Republic Services’ price target from $245 to $265 while maintaining a neutral rating, implying approximately 8.64% upside from the prior close.
• Republic Services reported quarterly results slightly above expectations, with EPS of $1.94 versus $1.93 expected and revenue of $4.56 billion, up 8.2% year over year.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and average price target of $245.09, although the stock’s valuation remains elevated at a P/E ratio above 34.

Republic Services (NYSE:RSG - Get Free Report) had its target price boosted by research analysts at JPMorgan Chase & Co. from $245.00 to $265.00 in a research note issued on Friday, Benzinga reports. The firm presently has a "neutral" rating on the business services provider's stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 8.64% from the stock's previous close.

A number of other research analysts also recently issued reports on RSG. Morgan Stanley decreased their price target on Republic Services from $232.00 to $219.00 and set an "equal weight" rating for the company in a report on Tuesday, October 13th. Canadian Imperial Bank of Commerce lowered their price objective on Republic Services from $249.00 to $240.00 and set an "outperform" rating for the company in a research report on Thursday, October 8th. The Goldman Sachs Group cut their price target on shares of Republic Services from $256.00 to $246.00 and set a "buy" rating for the company in a report on Friday, October 2nd. Oppenheimer restated an "outperform" rating on shares of Republic Services in a research report on Friday. Finally, Raymond James Financial set a $235.00 price target on Republic Services in a report on Friday, October 9th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $245.09.

Republic Services Stock Performance

Shares of Republic Services stock traded up $7.64 during mid-day trading on Friday, hitting $243.92. 2,403,919 shares of the stock were exchanged, compared to its average volume of 1,530,171. The company has a market capitalization of $74.69 billion, a P/E ratio of 34.55, a P/E/G ratio of 3.75 and a beta of 0.39. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. The company has a 50-day simple moving average of $222.47 and a 200 day simple moving average of $216.81. Republic Services has a 12 month low of $196.41 and a 12 month high of $249.37.

Republic Services (NYSE:RSG - Get Free Report) last announced its earnings results on Friday, October 30th. The business services provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.01. The firm had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.42 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%. The business's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.90 EPS. Sell-side analysts anticipate that Republic Services will post 7.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Cascade Investment, L.L.C. purchased 409,500 shares of the firm's stock in a transaction dated Tuesday, September 8th. The stock was bought at an average price of $221.49 per share, with a total value of $90,700,155.00. Following the completion of the purchase, the insider owned 116,166,330 shares in the company, valued at approximately $25,729,680,431.70. This represents a 0.35% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders have bought 6,254,462 shares of company stock valued at $1,380,321,958. 0.12% of the stock is owned by company insiders.

Institutional Investors Weigh In On Republic Services

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Republic Services in the second quarter worth $3,798,092,000. State Street Corp grew its stake in Republic Services by 1.6% during the 2nd quarter. State Street Corp now owns 9,953,507 shares of the business services provider's stock worth $2,120,893,000 after purchasing an additional 160,051 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Republic Services during the second quarter worth about $682,573,000. Allspring Global Investments Holdings LLC grew its position in shares of Republic Services by 68.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,256,190 shares of the business services provider's stock valued at $497,828,000 after purchasing an additional 913,249 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Republic Services by 1.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,132,434 shares of the business services provider's stock valued at $454,379,000 after purchasing an additional 28,996 shares during the period. Hedge funds and other institutional investors own 57.73% of the company's stock.

Key Headlines Impacting Republic Services

Here are the key news stories impacting Republic Services this week:

• Positive Sentiment: Q3 results exceeded expectations: Adjusted EPS was $1.94 versus the $1.93 consensus, while revenue climbed 8.2% year over year to $4.559 billion, ahead of the roughly $4.42 billion estimate. Net income rose to $592 million, or $1.93 per diluted share, from $550 million a year earlier. Pricing strength and growth in Environmental Solutions supported the performance. Republic Services Reports Third Quarter 2026 Results
• Positive Sentiment: Full-year outlook was raised: Republic Services increased its 2026 revenue guidance to approximately $17.425 billion–$17.475 billion, above the prior outlook and analyst expectations. The company also raised adjusted EBITDA and adjusted free-cash-flow expectations, signaling continued confidence in operating trends and cash generation. Republic Services 2026 Revenue Outlook
• Positive Sentiment: Large buyback adds a shareholder-return catalyst: The board authorized $5 billion in share repurchases running from January 2027 through December 2029. The authorization could support per-share earnings and provide additional demand for the stock. Republic Services Announces Share Buyback
• Positive Sentiment: Analyst support improved: Royal Bank of Canada raised its price target from $272 to $277 and maintained an “outperform” rating, implying further upside based on the reported share price. RBC Raises Republic Services Price Target
• Neutral Sentiment: Republic Services declared a quarterly dividend of $0.67 per share, maintaining an annualized payout of $2.68.
• Neutral Sentiment: The stock’s valuation remains a consideration, with a reported price-to-earnings ratio above 34 and analyst targets ranging widely, indicating that much of the strong outlook may already be reflected in the shares.

About Republic Services

Republic Services, Inc is an environmental services company that provides waste collection, recycling and disposal solutions for residential, commercial, industrial and municipal customers. Its services include curbside collection, dumpster and roll-off container services, transfer station operations, landfill management and recycling processing.

The company also provides specialized environmental services, including hazardous waste management, emergency response, remediation and other sustainability-related solutions for businesses and government organizations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.