Republic Services adjusts to fresh analyst targets, shares hold near recent highs

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-29, 10:41.

Republic Services (US76075R1059) remains on Wall Street screens this week after a series of analyst target adjustments that followed a solid first-quarter earnings beat. The waste management specialist is listed on the NYSE under the ticker RSG, and forms part of the S&P 500.

What analysts are saying now

Citi discussed Republic Services on May 12, cutting its price target to 247 dollars from 253 dollars while reiterating a Buy rating on the shares, following an update to its model after the first-quarter report. A recent market commentary summarized Citi's stance and the revised target.

CIBC also lowered its target modestly, moving to 249 dollars from 251 dollars and keeping an Outperform rating, signaling continued confidence in the business despite valuation considerations. These adjustments came after Republic Services posted earnings per share of 1.70 dollars and revenue of 4.11 billion dollars in the first quarter, both slightly above analyst consensus of 1.64 dollars EPS and 4.10 billion dollars in sales.

Consensus and valuation picture

The updated price targets slot into a broader consensus that still views Republic Services as a stable large-cap in the U.S. waste sector. The shares trade at a forward price-earnings ratio around 29.7 times, noticeably above the roughly 21 times forward P/E quoted for the S&P 500 in the same analysis, underlining a valuation premium linked to perceived earnings resilience.

Over the past twelve months Republic Services shares are reported to be down about 11.5 percent, while year-to-date performance sits near a 3 percent gain, placing the stock in the middle of the pack compared with peers such as Waste Management and Waste Connections in the North American listed waste and recycling universe. On recent trading data, the RSG shares closed at 216.39 dollars on June 26, 2026 on the NYSE, with after-hours indications around 213.50 dollars later in June.

How Republic Services makes its money

Republic Services generates most of its revenue from collection, transfer, recycling and disposal of solid waste across the United States, serving municipal, commercial and industrial customers via long-term contracts and recurring service agreements. The company operates a fleet of collection vehicles, transfer stations, recycling centers and landfills that underpin its integrated waste management network.

Within that network, residential curbside collection and recycling programs stand out as a visible consumer-facing activity, where standardized bins, scheduled pickup and route-optimized trucks translate into stable cash flows from city and county service contracts. Hazardous waste processing has become an additional strategic pillar after the Federal Trade Commission allowed Republic Services to acquire assets from TD*X Associates earlier this month, adding specialized facilities for treating regulated waste streams.

Where the Republic Services shares trade today

Republic Services shares (US76075R1059) trade on the NYSE under the ticker RSG. As of 2026-06-26, 16:00 Eastern Time, the shares closed at 216.39 dollars, with subsequent after-hours indications at 213.50 dollars later in June according to TradingKey data.

Disclaimer: This article is for informational purposes only and does not constitute investment advice, a recommendation, or a solicitation to buy or sell any securities. All data were obtained from sources considered reliable but cannot be guaranteed. Investors should conduct their own research or consult a qualified advisor before making investment decisions.