Republic Services, Inc. (RSG) Is A Top Richard Chilton Stock Pick

Republic Services, Inc. (NYSE:RSG) is one of the 10 Best Stocks to Buy According to Billionaire Richard Chilton.

Republic Services, Inc. (NYSE:RSG) is one of the largest waste collection companies in America. Its shares are down by 11.5% over the past year and are up by 3% year-to-date. Citi discussed the firm on May 12th as it cut the share price target to $247 from $253 and kept a Buy rating on the shares. Similarly, CIBC also reduced the share price target. It lowered it to $249 from $251 and kept an Outperform rating on the stock. The financial firm discussed Republic Services, Inc. (NYSE:RSG)’s first-quarter earnings and remarked that despite macroeconomic struggles, the results were solid. As part of its earnings, the waste collection firm posted $4.11 billion in revenue and $1.70 in earnings per share to beat analyst estimates of $4.10 billion and $1.64.

Republic Services, Inc. (NYSE:RSG)’s shares are trading at a forward P/E ratio of 29.67, which is higher than the S&P’s 21. The firm scored a win earlier this month after the Federal Trade Commission allowed it to acquire assets from TD*X Associates. The latter operates facilities to process hazardous waste.

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