Republic Services stock hits all-time high of $241.09

Republic Services Inc (NYSE:RSG) stock soared to an all-time high, reaching a price level of $241.09. According to InvestingPro data, the company, now valued at $75.1 billion, appears overvalued compared to its Fair Value, despite achieving a perfect Piotroski Score of 9, indicating excellent financial strength. This milestone underscores the company’s robust performance over the past year, reflecting investor confidence and a bullish market sentiment towards the waste management giant. The impressive ascent of RSG stock is further highlighted by its significant 1-year change, with the stock price climbing 25.69%. With revenue growth of 7.13% and a consistent 23-year dividend payment history, this substantial growth indicates strong operational execution. InvestingPro offers 16 additional investment tips and a comprehensive Pro Research Report for deeper analysis of Republic Services’ market position and future prospects.

In other recent news, Republic Services has announced a $1.2 billion notes offering, consisting of $500 million in 4.750% notes due in 2030 and $700 million in 5.150% notes due in 2035. This move is part of the company’s capital management strategy, with proceeds potentially used for refinancing existing debt or funding operations. Additionally, Republic Services has acquired Shamrock Environmental, expanding its capabilities in industrial waste and wastewater services. The terms of the acquisition were not disclosed, but it marks a strategic expansion for the company.

Analysts have also revised their outlooks on Republic Services. TD Cowen raised its stock target to $235, maintaining a Hold rating, citing strong execution and strategic mergers. Stifel analysts increased their price target to $257, reaffirming a Buy rating, due to expected margin expansion and sustainability investments. Raymond (NSE:RYMD) James lifted its target to $243, keeping an Outperform rating, highlighting Republic Services’ growth through organic strategies and acquisitions. These developments reflect a positive sentiment among analysts regarding the company’s strategic initiatives and financial prospects.

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