Republic Services Intrinsic Value Calculator – Morgan Stanley Raises Target Price for Republic Services to Thrive on June 3, 2023

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On June 3, 2023, Morgan Stanley analysts released a research report on Republic Services ($NYSE:RSG) that showed the company’s target price was increasing and it was continuing to thrive. Republic Services is a leading provider of solid waste and recycling services in the United States. The company serves millions of customers through its extensive network of collection operations, transfer stations, landfills, recycle centers, and other disposal facilities. The report highlighted several initiatives undertaken by the company that had enabled it to remain successful, such as expanding its recycling and resource recovery capacity, investing in digital tooling, and increasing its commitment to sustainability.

With the positive forecast from Morgan Stanley, Republic Services looks set to continue its growth and success throughout 2023 and beyond. The company’s strong financial position and focus on sustainability indicate that it is well-positioned to navigate the ever-changing economic landscape and continue delivering value to its customers.

Market Price

On Monday, June 3, 2023, REPUBLIC SERVICES opened at $144.5 and closed at $143.7, representing a 0.5% decline from the last closing price of $144.5. This bullish assessment from Morgan Stanley is likely to prove a major boon for REPUBLIC SERVICES’ stock performance in the coming days. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Republic Services. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Republic Services. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Republic Services. More…

Key Ratios Snapshot

Some of the financial key ratios for Republic Services are shown below. More…

Analysis – Republic Services Intrinsic Value Calculator

At GoodWhale, we have conducted a thorough financial analysis of Republic Services. After analyzing their financials, we have determined that the fair value of Republic Services’ share is around $142.7. This value has been calculated using our proprietary Valuation Line technology. We believe that the current price of $143.7 per share is a fair price in the market, making Republic Services a good investment opportunity. More…

Peers

Founded in 1998, Republic Services, Inc. is an industry leader in U.S. non-hazardous solid waste. They offer integrated, non-hazardous solid waste collection, transfer, disposal, recycling, and energy services across the United States. Headquartered in Phoenix, Arizona, they have approximately 33,000 employees and operate in 42 states. Their main competitors are Waste Management, Inc., Waste Connections, Inc., and Stericycle, Inc.

– Waste Management Inc ($NYSE:WM)

Waste Management Inc is an American waste management, comprehensive waste, and environmental services company in North America. The company is headquartered in Houston, Texas. It was founded in 1971.

Waste Management Inc has a market cap of 66.75B as of 2022. The company has a Return on Equity of 27.41%. Waste Management Inc is an American waste management, comprehensive waste, and environmental services company in North America.

– Waste Connections Inc ($NYSE:WCN)

Waste Connections Inc is a waste management company that has a market cap of 33.98B as of 2022. The company has a return on equity of 9.38%. The company provides waste management services to residential, commercial, and industrial customers in the United States and Canada.

– Stericycle Inc ($NASDAQ:SRCL)

Stericycle Inc is a provider of medical waste management services. The company has a market cap of 3.81B as of 2022 and a Return on Equity of 0.01%. Stericycle Inc’s primary business is providing medical waste management services to healthcare facilities and organizations. The company also provides other related services such as biohazardous waste disposal, sharps disposal, and pharmaceutical waste disposal.

Summary

Republic Services has seen a significant increase in its target price, as according to the June 3, 2023 report from Morgan Stanley. Investors have taken notice of Republic’s business performance and are optimistic about its future prospects. The company has seen substantial growth in sales, along with improved profit margins and cash flow.

With a favorable outlook from the analysts, Republic Services stock is expected to benefit from the increased target price. Moving forward, investors should continue to monitor the company’s performance to ensure the continued success of their investments.