Republic Services Soars 0.83% On Bullish Analyst Ratings

Republic Services (RSG) surged to a record high today, with an intraday gain of 0.83%.

The strategy of buying RSG shares after they reached a recent high and holding for 1 week resulted in a 1.47% return over the past 5 years. This is lower than the overall 5-year return of 55.76% achieved by Republic Services. The shorter holding period may not have captured the full extent of the company's growth, leading to lower returns. It is important to note that past performance is not indicative of future results, and investment decisions should be based on a comprehensive analysis of current and future market conditions.

Republic Services reported earnings that exceeded estimates in the first quarter of 2025, despite revenues falling short of expectations. This suggests robust segmental performances that positively impacted the company's top line.

Seaport Research analyst John Mazzoni initiated coverage on Republic Services with a "Buy" rating and set a price target of $270. This move indicates a bullish outlook on the stock, potentially driving investor confidence and interest.

Citigroup also raised its price target for Republic Services from $265 to $278, further reinforcing the positive sentiment surrounding the stock and its potential for price appreciation.