Republic Services (RSG) Gets a Buy Rating from Morgan Stanley

Morgan Stanley analyst Toni Kaplan maintained a Buy rating on Republic Services (RSGResearch Report) on February 11 and set a price target of $139.00. The company’s shares closed last Tuesday at $118.46.

According to TipRanks.com, Kaplan is a 1-star analyst with an average return of -0.1% and a 49.5% success rate. Kaplan covers the Services sector, focusing on stocks such as Terminix Global Holdings, Advantage Solutions, and ARAMARK Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Republic Services with a $140.78 average price target, which is a 17.3% upside from current levels. In a report issued on February 8, Jefferies also maintained a Buy rating on the stock with a $152.00 price target.

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Based on Republic Services’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.95 billion and net profit of $313 million. In comparison, last year the company earned revenue of $2.57 billion and had a net profit of $235 million.

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Arizona-based Republic Services, Inc. provides non-hazardous solid waste collection, transfer, disposal, recycling, and environmental services in the United States. The company serves small-container, large-container, and municipal and residential customers.

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