Is Republic Services Stock Underperforming the Nasdaq?
Republic Services (RSG) is a large-cap environmental services company headquartered in Phoenix, Arizona. The market cap for RSG is $68.2 billion. The company provides waste collection services, operates transfer stations, landfills, and recycling facilities. RSG's vertically integrated model drives density and returns, giving it a leading role in environmental services.
The company's market position is a strength. Despite this, RSG's stock has underperformed the Nasdaq Composite index over the past 52 weeks, trailing by 4.8% versus the Nasdaq's 14.1% year-to-date gain. The stock has been trading above its 50-day and 200-day moving averages since early and late June respectively, but investor sentiment has been weighed down by near-term headwinds including elevated labor costs and softer volume growth.
Wall Street analysts rate RSG with a moderate buy consensus and a mean price target of $248.48, indicating an 11.6% upside potential from the current stock price.
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