Republic Services 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 comes with a 1.38% dividend. Goldman Sachs’s $175 price target is well above the $156.86 consensus target. Thursday’s close was at $148.00.
Walmart
The giant retailer has posted solid results over the past year, and it is 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 receive a 1.65% dividend. The Goldman Sachs price target is $155. The consensus target was last seen at $149.45. Walmart stock ended Thursday trading at $136.43.
These top stocks all have reasonable upside to the Goldman Sachs targets, and they all come with dependable dividends. With even a moderate appreciation in the share prices, investors should be looking at double-digit percentage total return potential. In a market that remains quite long in the tooth, despite the horrific first half, and an economy that is sputtering, 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 much higher this year.
Originally posted at 24/7 Wall St.
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