12 Best Waste Management Stocks to Buy Right Now

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2. Republic Services, Inc. (NYSE:RSG)

Number of Hedge Fund Holders: 60

Republic Services, Inc. (NYSE:RSG) is one of the best waste management stocks to buy right now. In a report released on August 21, David Manthey from Robert W. Baird maintained a Hold rating on Republic Services, Inc. (NYSE:RSG), setting a price target of $256.00.

In another report released on August 4, TD Cowen analyst James Schumm maintained a Hold rating on Republic Services, Inc. (NYSE:RSG), keeping the associated price target at $250.00.

The analyst told investors that while Republic Services, Inc. (NYSE:RSG) exhibited strong performance and outperformed a number of its peers over the last year, the advantages from recent wildfires and storms are diminishing. This sheds light on potential weaknesses in economically sensitive markets.

He added that while the stock’s attractiveness rose after a recent decline, the uncertain volume outlook warrants caution. The stock’s median price target of $229.73 implies an upside of 17.53% from current levels.

Republic Services, Inc. (NYSE:RSG) provides environmental services, with its operations divided into the following segments: Group 1, Group 2, and Group 3. The Group 1 segment manages the business of recycling and solid waste in geographic areas in western United States, while the Group 2 segment encompasses the same in the southeastern and mid-western and the eastern seaboard of the United States. The Group 3 segment manages environmental solutions business in geographic areas across the United States and Canada.

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