Is Wall Street Bullish or Bearish on Waste Management Stock?
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Company Overview and Performance: Waste Management, Inc. has a market cap of $91 billion and specializes in waste management services, showing strong stock performance with a 20.8% return, slightly above the S&P 500's 20.5%. The company reported Q4 earnings with revenue of $5.89 billion, exceeding expectations, but adjusted EPS fell short.
Analyst Ratings and Future Projections: WM stock holds a consensus "Moderate Buy" rating from analysts, with a price target raised to $255 by Scotiabank, indicating potential upside. Analysts expect a 6.5% growth in EPS for the current fiscal year, reflecting a mixed earnings surprise history.
Analyst Views on WM
Wall Street analysts forecast WM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WM is 247.61 USD with a low forecast of 223.00 USD and a high forecast of 266.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
20 Analyst Rating
15 Buy
5 Hold
0 Sell
Strong Buy
Current: 229.000
Low
223.00
Averages
247.61
High
266.00
Current: 229.000
Low
223.00
Averages
247.61
High
266.00
About WM
Waste Management, Inc. is a provider of environmental solutions. The Company provides collection, recycling, and disposal services to millions of residential, commercial, industrial, and municipal customers throughout the United States and Canada. Its segments include East Tier, West Tier, Recycling Processing and Sales, WM Renewable Energy, and WM Healthcare Solutions. East Tier primarily consists of geographic areas located in the Eastern U.S., the Great Lakes region and all of Canada. The West Tier primarily includes geographic areas located in the Western U.S., including the upper Midwest region and British Columbia, Canada. Recycling Processing and Sales includes the processing and sales of materials collected from residential, commercial, and industrial customers. WM Renewable Energy develops, operates, and promotes projects for the beneficial use of landfill gas. WM Healthcare Solutions includes Regulated Waste and Compliance Services and Secure Information Destruction services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
