Republic Services, Inc. (NYSE: RSG) Maintains Outperform Rating Amid Strong Q1 2026 Results

• Analyst firm CIBC reaffirmed its "Outperform" rating for Republic Services, Inc., adjusting its price target to $249.
• Republic Services, Inc. reported strong first-quarter 2026 results, with earnings per share of $1.70, surpassing analyst estimates.
• The company demonstrated robust financial performance, achieving 2.6% revenue growth to $4.11 billion and generating $984 million in adjusted free cash flow.

Republic Services, Inc. (NYSE: RSG) is a major provider of environmental services in the United States. The company's operations include non-hazardous solid waste collection, transfer, disposal, and recycling. It serves millions of customers across the country, managing waste from residential, commercial, and industrial sources.

On May 8, 2026, analyst firm CIBC maintains its "Outperform" rating for Republic Services. The firm adjusts its price target on the company to $249 from $251. At the time of the announcement, the stock price for Republic Services was $201.52, as reported by TheFly.

This rating follows the company's strong first-quarter 2026 results. As highlighted by Zacks, Republic Services posts earnings per share of $1.70, a 7.6% increase from the prior year. This result surpasses the consensus analyst estimate of $1.64 per share, showing consistent performance over the last four quarters.

The company’s revenues also show growth, rising 2.6% year-over-year to $4.11 billion. This performance is driven by what the company calls "disciplined pricing and effective cost management," which results in 5.7% core price growth and an expanded adjusted EBITDA margin of 32.1%, as stated in a release by PR Newswire.

During the quarter, Republic Services generates $984 million in adjusted free cash flow. Free cash flow is the cash a company has after paying for its operating expenses and capital expenditures. The company uses this cash to return $507 million to its shareholders through a combination of dividends and share repurchases.