In the biotech market,
Republic Services, Inc (RSG) has been experiencing considerable activity. The company's shares have seen an increase in purchase interest from various funds, including
Empowered Funds LLC and
Diversify Advisory Services LLC. While shares soared to a 52-week high, some analysts speculate whether it is time to cash out, other observers reckon the stock still has room to run. Moreover, the company has achieved a consensus recommendation of
'Moderate Buy' from brokerages with Truist upping RSG's status to 'buy'. The company has outperformed market expectations boasting strong Q1 2024 earnings and a steady rise in stock value, reporting an 8 percent revenue growth in Q1 2024. Despite showing a downturn of 2.4% since the last earnings report, the company still benefits from a
'Wide Pipeline Of Accretive Tuck-In Opportunities'. Insider trading has been active whilst greater transparency is required; some insiders sold US$2.2m in stock. RSG has also opened a state-of-the-art recycling center in Phoenix to serve valley communities and was recently named one of Barron's 100 Most Sustainable Companies.
Republic Services RSG News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Sun, 14 Jul 2024 18:25:59 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -2
