Waste Management (NYSE:WM) Price Target Raised to $244.00

Waste Management (NYSE:WM) had its price objective boosted by Royal Bank Of Canada from $240.00 to $244.00 in a research note issued to investors on Thursday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the business services provider’s stock.

A number of other equities research analysts have also recently commented on the stock. TD Cowen increased their target price on shares of Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Stifel Nicolaus boosted their price target on shares of Waste Management from $252.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Scotiabank raised their target price on shares of Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 16th. Finally, Wells Fargo & Company lowered their target price on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $258.33.

Waste Management Stock Up 0.2%

Shares of WM opened at $226.89 on Thursday. The stock has a 50 day moving average price of $225.52 and a 200 day moving average price of $227.60. Waste Management has a one year low of $194.11 and a one year high of $248.13. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.89 and a current ratio of 0.91. The stock has a market capitalization of $90.69 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 2.75 and a beta of 0.44.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The company had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the firm posted $1.92 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities research analysts forecast that Waste Management will post 8.13 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were given a $0.945 dividend. The ex-dividend date was Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. Waste Management’s payout ratio is currently 53.54%.

Institutional Trading of Waste Management

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Elevated Capital Advisors LLC purchased a new position in Waste Management during the fourth quarter worth about $25,000. Financial Network Wealth Advisors LLC raised its stake in shares of Waste Management by 55.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 47 shares during the period. RHL Group LLC acquired a new position in shares of Waste Management in the 4th quarter worth approximately $29,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Waste Management during the 4th quarter worth approximately $29,000. Finally, JPL Wealth Management LLC acquired a new stake in Waste Management in the 3rd quarter valued at approximately $30,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Key Waste Management News

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Analysts raised price targets. Barclays increased its target from $270 to $277 and maintained an Overweight rating, while Stifel Nicolaus raised its target from $252 to $261 and reiterated Buy. These targets imply substantial upside and reinforce the bullish case for WM. Barclays and Stifel analyst actions
• Positive Sentiment: RBC also lifted its price target from $240 to $244, citing a more favorable valuation outlook, although it retained a Sector Perform rating. RBC raises Waste Management price target
• Positive Sentiment: Second-quarter profitability was better than expected. WM reported adjusted earnings of $2.02 per share, above the $1.98 consensus estimate, while revenue rose 4% year over year to $6.68 billion. Management highlighted margin expansion, technology investments and progress integrating its healthcare-services operations. WM Q2 earnings call highlights
• Neutral Sentiment: Scotiabank maintained its Hold rating. The decision suggests analysts see balanced upside and downside risks following the earnings report. Scotiabank maintains Hold rating
• Negative Sentiment: Revenue expectations and operating volumes remain concerns. WM’s full-year revenue outlook of approximately $26.38 billion was slightly below analysts’ expectations, and softer collection volumes could offset margin gains and integration benefits. WM Q2 business review
• Negative Sentiment: Erste Group issued a bearish FY2026 earnings forecast, adding a cautious counterpoint to the more optimistic target increases from other firms. Erste Group bearish forecast

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.