Stock Rating Upgrade
The Value Trend Rating for Republic Services Inc. (NYSE: RSG) improved in the last week from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Republic Services Inc. (NYSE: RSG) stock closed at $185.51 on 5/3/24 after a slight decline of -0.5%. NORMAL trading volume accompanied the decline. The stock has declined -4.2% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
RSG is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Republic Services has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Republic Services has a slightly negative Appreciation Score of 34 but a very high Power Rating of 90, producing the Positive Value Trend Rating.
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