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. (RSG) Is A Top Richard Chilton Stock Pick

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.

While we acknowledge the risk and potential of RSG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RSG and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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