12:35 AM EDT, 04/28/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
Following RSG's Q1 earnings release, we raise our 12-month target price to $265 from $245, valuing shares at 34.5x our 2026 EPS outlook of $7.70 (up from $7.55; we lift 2025 EPS to $6.90 from $6.82), above RSG's three-year historical average given our outlook for sustained pricing strength. Pricing has contributed to consistent top-line expansion despite a slip in volumes. Margins continue to be a bright spot, with adjusted EBITDA margin expanding by 140 bps to 31.6% - solidifying profitability at record levels. 2025 is set to be another year of robust spending on M&A, which we see RSG using to invest in both traditional and environmental waste service firms. Overall, we view the Q1 results as encouraging and a solid start to 2025 as waste service fundamentals remain attractive.