CIBC cuts target for Republic Services stock to USD 240.00
Published on 10/09/2026 at 15:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- CIBC cut its Republic Services target from USD 249.00 to USD 240.00 on October 8, 2026, while retaining an Outperformer rating.
- Second-quarter 2026 revenue rose 4.60 percent to USD 4.43 billion, while net income increased to USD 566.0 million.
- Republic Services stock was trading at EUR 193.85 at Lang & Schwarz on October 9, 2026, plus 0.22 percent versus the prior close.
- Republic Services is scheduled to report third-quarter 2026 results on October 29, 2026, after the market close.
Republic Services (ISIN US7607591002) was trading at EUR 193.85 at Lang & Schwarz on October 9, 2026 at 3:09 p.m. CEST, up 0.22 percent versus the prior close of EUR 193.43. On October 8, 2026, Markets Insider reported that CIBC analyst Kevin Chiang cut the target for Republic Services from USD 249.00 to USD 240.00 while retaining an Outperformer rating.
Target cut meets operating momentum
The target reduction came in a third-quarter earnings preview that cited higher fuel prices and acquisition dilution as factors that could make reported margins more muted. CIBC also expects pricing commentary to remain positive, with volume trends showing early improvement, according to Markets Insider.
Republic Services reported second-quarter 2026 revenue of USD 4.43 billion, up 4.60 percent from USD 4.24 billion in the second quarter of 2025, while net income rose to USD 566.0 million from USD 550.0 million. Republic Services also reported adjusted earnings per share of USD 1.85 for the second quarter of 2026, compared with USD 1.77 a year earlier.
What does the guidance imply?
The company increased its full-year 2026 revenue guidance to USD 17.20 billion to USD 17.30 billion and its adjusted earnings per share guidance to USD 7.23 to USD 7.28. The figures show how pricing is supporting growth even as volume reduced second-quarter revenue by 1.60 percent, making the balance between price and volume central to the next report.
Three dated operating signals
On August 6, 2026, Republic Services reported USD 4.43 billion of second-quarter revenue and raised full-year guidance, according to Republic Services. On September 29, 2026, the company set October 29, 2026, for its third-quarter results. On October 8, 2026, CIBC cut its target from USD 249.00 to USD 240.00 while keeping its Outperformer rating, as Markets Insider reported.
Dates for the next cash flows
Republic Services paid a quarterly dividend of USD 0.67 per share on October 15, 2026, after a record date of October 2, 2026. The company will release third-quarter 2026 results after the market close on October 29, 2026, and hold its conference call at 5:00 p.m. Eastern Time, according to Republic Services.
Stock remains below its yearly high
Republic Services had a market capitalization of USD 66.7 billion as of October 8, 2026. Its 52-week range was USD 196.41 to USD 233.42, placing the Lang & Schwarz euro quote below the comparable US-dollar range without a direct currency comparison.
The further course of trading is shown by the continuously updated real-time quote of Republic Services stock.
Republic Services stock facts
- Company: Republic Services, Inc.
- ISIN: US7607591002
- Ticker: RSG
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 9, 2026, 3:09 p.m. CEST): EUR 193.85
- Change versus prior close: plus 0.22 percent
- Prior close Lang & Schwarz (October 8, 2026): EUR 193.43
- Market capitalization: USD 66.7 billion (as of October 8, 2026)
- 52-week range: USD 196.41-233.42 (as of October 8, 2026)
- Sector / Industry: Industrials / Waste Management
- Index membership: S&P 500
Market context: Market report S&P 500.
