Republic Services
Despite the economy’s ups and downs, somebody has to pick up the trash and recyclables each week, and this is a leader in the business. Republic Services Inc. (NYSE: RSG) offers environmental services in the United States, including collection and processing of recyclable materials; collection, transfer and disposal of non-hazardous solid waste; and other environmental solutions.
The company’s collection services include curbside collection of material for transport to transfer stations, landfills or recycling processing centers; supply of recycling and waste containers; and renting of compactors. In addition, the company engages in the processing and sale of old corrugated containers, old newsprint, aluminum, glass and other materials, and in provision of landfill and transfer services.
The company also offers disposal of nonhazardous solid and liquid material and in-plant services, such as transportation and logistics. It serves small-container, large-container and residential customers. As of December 31, 2021, the company operated through 356 collection operations, 239 transfer stations, 198 active landfills, 71 recycling processing centers, six saltwater disposal wells and seven deep injection wells, as well as three treatment, recovery and disposal facilities in 41 states. It also operated 77 landfill gas-to-energy and renewable energy projects and had 124 closed landfills.
Republic Services stock investors receive a 1.52% dividend. The Goldman Sachs price target is $175. The $156.73 consensus target is closer to the most recent closing price of $129.64.
Walmart
The giant retailer posted mixed second-quarter results but remains a top idea in an inflationary environment, when consumers look for value. Walmart Inc. (NYSE: WMT) is the world’s largest retailer, operating retail stores under the formats of Walmart Stores, Supercenters, Neighborhood Markets and Sam’s Club locations in the United States, as well as a growing e-commerce business. Internationally Walmart also operates locations in several countries, including Argentina, Brazil, Canada, China, Japan, Mexico and the United Kingdom.
Each week, nearly 260 million customers and members visit the company’s 11,535 stores under 72 banners in 28 countries and e-commerce websites in 11 countries. It had fiscal 2021 revenue of nearly $560 billion, and Walmart employs approximately 2.2 million associates worldwide.
Shareholders enjoy a 1.74% dividend. The Goldman Sachs price target of $155 compares to the $152.39 consensus target. Walmart stock closed almost 3% higher on Tuesday at $132.67.
All these stocks have reasonable upside to the Goldman Sachs targets, and the companies all pay very dependable dividends. With even moderate appreciation in their share prices, investors should be looking at double-digit total return potential over the next 12 months. In a teetering market and a sputtering economy, these dependable companies make a ton of sense for nervous investors now, as we are likely in a recession already and interest rates are expected to go higher the rest of this year and into 2023.
Originally posted at 24/7 Wall St.
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