Back to top

Bear of the Day

We are downgrading our recommendation on Republic Services, Incv. (RSG) to Underperform with a target price of $24. The company's first-quarter 2012 adjusted earnings were $0.38 per share, missing the Zacks Consensus Estimate of $0.42. Total revenues increased 0.9% to $1.98 billion, lagging behind the Zacks Consensus Estimate of $1.99 billion.

The company is facing a challenging pricing environment and has lost four contracts in the quarter to its peers. As a result, volumes are expected to remain flat year over year in the second quarter, thereby creating pressure on margins.

We downgrade our recommendation to Underperform as we do not see any near-term volume increase in this tough pricing environment. Our price target of $24 is based on 12.8x our fiscal 2012 earnings estimate.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
PLANAR SYST… PLNR 4.44 +5.21%
BITAUTO HOL… BITA 81.71 +5.12%
CTPARTNERS… CTP 16.66 +4.26%
CHINA BIOLO… CBPO 47.91 +3.30%
MALLINCKROD… MNK 72.94 +2.85%