Imperial Capital Raises Price Target to $47 on Republic Services (RSG) Following 2Q15

Imperial Capital reiterated an Outperform rating on Republic Services (NYSE: RSG), and raised the price target to $47.00 (from $46.00), following 2Q15. RSG reported adjusted EPS of $0.54, above consensus estimate of $0.51. RSG raised its FY15 guidance, taking its EPS target to $2.02-2.05 from $1.98-2.04.

Analyst Scott Levine commented, "We are maintaining our Outperform rating on RSG shares and are raising our one-year price target to $47 from $46. Our new price target is about 15% above the recent share price. RSG’s emphasis on operational execution and capital returns has driven reliable earnings growth and value creation over time. Although margins have recently been range-bound due to modest pricing and a slow recovery in industry volumes, we expect the pace to pick up going forward, as economic and
market conditions strengthen, and as the company’s operational initiatives begin to bear more fruit."

For an analyst ratings summary and ratings history on Republic Services click here. For more ratings news on Republic Services click here.

Shares of Republic Services closed at $41.16 yesterday.

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