Phoenix, Arizona-based Republic Services, Inc. (RSG) offers environmental services in the U.S. and Canada. With a market cap of $73.3 billion, Republic Services operates as the second largest provider of non-hazardous solid waste collection, transfer, disposal, recycling, and energy services in the U.S.

The waste management giant has notably outpaced the broader market over the past year and in 2025. RSG stock has surged 15% over the past 52 weeks and 17.4% on a YTD basis, compared to the S&P 500 Index’s ($SPX) 14.3% gains over the past year and 8.7% returns in 2025.

Narrowing the focus, RSG has slightly lagged behind the sector-focused Industrial Select Sector SPDR Fund’s (XLI) 18.7% surge over the past 52 weeks, but outpaced XLI’s 14.8% gains on a YTD basis.

Republic Services’ stock prices declined 5.8% in the trading session following the release of its mixed Q2 results on Jul. 29. Driven by 3.1% growth in organic revenues and 1.5% growth in acquisition-led revenues, the company’s overall topline for the quarter grew 4.6% year-over-year to $4.2 billion. However, this configuration missed the Street expectations by 75 bps. Meanwhile, its adjusted EPS for the quarter surged 9.9% year-over-year to $1.77, exceeding the consensus estimates by 1.1%. On an even more positive note, Republic Services’ operating cash flows for the quarter increased 11.7% year-over-year to $2.1 billion.

For the full fiscal 2025, ending in December, analysts expect RSG to report an adjusted EPS of $6.84, up 5.9% year-over-year. The company has a robust earnings surprise history. It has surpassed the Street’s bottom-line estimates in each of the past four quarters.

The stock has a consensus “Moderate Buy” rating overall. Of the 23 analysts covering the stock, opinions include 12 “Strong Buys,” two “Moderate Buys,” and nine “Holds.”

This configuration has remained mostly stable in recent months.

On Jul. 30, BMO Capital analyst Devin Dodge maintained an “Outperform” rating on RSG and raised the price target from $280 to $284.

As of writing, RSG’s mean price target of $268.19 represents a 13.6% premium to current price levels. Meanwhile, the street-high target of $290 suggests a notable 22.8% upside potential.